Thane IRMRP To Float Tenders For Five Metro Stations

01 Dec 2025 CW Team

The Internal Ring Metro Railway Project (IRMRP) in Thane is set to progress, with Maharashtra Metro Railway Corporation Limited preparing to issue tenders for the construction of five elevated stations.

According to the Times of India, the Nagpur-based agency aims to accelerate initial works and open a section of the route for public use ahead of full commissioning. The metro line is expected to become fully operational by 2029.

Preliminary plans indicate that a 6 km priority stretch — comprising Dongripada, Vijay Nagari, Waghbil, Waterfront and Patlipada stations — may be the first to become functional.

The full corridor will consist of 22 stations, including two underground facilities at the old and new Thane railway stations. The forthcoming tender round, valued at Rs 2.4 billion, is expected to be released within days. Officials also noted that a sixth station, either at Manpada or Kashinath Ghanekar, may be added depending on land availability.

A senior project official said designs for the five stations are nearing completion and construction packages will be awarded shortly. The priority stretch reportedly faces fewer environmental and rehabilitation challenges, helping speed up execution.

Once completed, the 29 km route — 26 km elevated and the remainder underground — is expected to reshape mobility by connecting distant neighbourhoods with Mumbai and Kalyan through Metro Lines 4 and 5. Trains are planned to operate every 15 minutes, with projected ridership of 8.72 lakh passengers per day by 2045.

The Rs 122 billion project will be jointly funded by the state and central governments, along with revenue from branding rights, monetisation of station assets and value-capture mechanisms. The upcoming phase will also include geo-technical testing and coordination with municipal and traffic authorities.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..