TRSL Wins Rs 8.57 billion contract for Surat Metro cars

05 Oct 2023 CW Team

Titagarh Rail Systems Ltd (TRSL) has secured a contract to design and supply 72 standard gauge cars for Phase I of the Surat Metro Rail project, with an estimated contract value of Rs 8.57 billion.

According to a statement from TRSL, the contract execution is scheduled to begin one and a half years after the signing date, with the supply expected to be completed within 2.5 years after the contract is signed. The Surat Metro Rail Project comprises two corridors spanning 40.45 kilometres and encompassing 38 stations, with a total estimated cost of Rs 120.20 billion.

TRSL will manufacture these metro cars at its Uttarpara facility in Hooghly, West Bengal, where it is also producing full aluminium body Metro Coaches for the Pune Metro. Furthermore, the company has received a Letter of Acceptance for the supply of 30 standard gauge cars for Phase II of the Ahmedabad Metro Rail Project.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..