Union Cabinet Approves Ahmedabad Metro Extension And Major Projects

26 Feb 2026 CW Team

Union Home Minister and Minister of Cooperation Amit Shah welcomed the Union Cabinet approval for the extension of Ahmedabad Metro Phase-2 and congratulated residents of the region on the decision. He said the new metro line from GIFT City to Shahpur will be built at a cost of Rs 10.67 billion (bn) and will provide affordable, convenient and high speed connectivity to the people of the region. He added the project will give new momentum to educational, corporate and commercial activities.

The Union Cabinet approved four multi tracking railway projects worth Rs 90.72 bn, including the doubling of the Gondia–Jabalpur line and the construction of third and fourth lines from Pundrak to Kiul and from Gamharia to Chandil. The minister said the measures are expected to accelerate industrial and tourism activities in Maharashtra, Madhya Pradesh, Jharkhand and Bihar. The projects form part of a broader effort to strengthen connectivity and freight capacity.

The cabinet approved a new integrated terminal building at Srinagar Airport to be developed at a cost of Rs 16.67 bn, with multi level car parking spread over 71,500 square metres and equipped with enhanced security systems. The minister said the terminal is expected to boost employment and trade in Kashmir and to improve passenger experience. Authorities indicated the development will support regional economic recovery and logistics.

The cabinet also authorised an increase in PowerGrid's investment limit to Rs 75.00 bn to accelerate the transition to abundant renewable energy and to enhance the company's capacity to invest in grid expansion. The minister framed the decision as aligned with the prime minister's vision for renewable energy and said it will strengthen the infrastructure required to meet growing demand. Officials said the approvals together reflect a coordinated push to improve urban transit, aviation and rail infrastructure.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..