Union Budget 2026 Boosts Metro Rail Projects Nationwide

05 Feb 2026 CW Team

Budgetary support for India’s metro rail sector has risen sharply, with the Union Budget 2026 allocating Rs 287,400 million for metro and mass rapid transit projects across the country. The enhanced allocation underscores the government’s focus on strengthening urban mobility infrastructure.

Lucknow Metro Gets Rs 14,500 Million Boost

The Union Budget 2026 has recently provided a major push to the Lucknow Metro Phase 1B project with an allocation of Rs 14,500 million. Phase 1B comprises a single metro corridor spanning 11.165 km from Lucknow Railway Station (Charbagh) to Vasant Kunj, covering 12 stations. Of these, five stations will be elevated, while seven will be underground. The Union Cabinet had approved the Phase 1B project on 12 August at an estimated cost of Rs 58,010 million.

Pune Metro Gets Rs 5,170 Million Allocation

The Budget has also earmarked around Rs 5,170 million for the Pune Metro project. However, Maha-Metro is yet to receive a detailed break-up of the allocation. Officials stated that a clear execution roadmap will be finalised once the funding specifics are communicated."

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..