Varanasi Metro project speeds up with comprehensive DPR development

03 Nov 2023 CW Team

The Uttar Pradesh government had initiated plans for the establishment of a metro rail network in Varanasi, Meerut, and Agra. RITES, an infrastructure development company, was contracted to conduct a thorough traffic analysis. The government intended to collaborate with RITES to create a comprehensive proposal encompassing feasibility and financial viability aspects for the project. The estimated total cost for the development of Varanasi Metro, including taxes and other expenses, was projected to be approximately Rs 172.27 billion. This endeavour was envisioned as a joint venture, with equal partnership between the Government of India (GoI) and the Government of Uttar Pradesh (GoUP). Both the central and state governments had committed additional grants to ensure the project's financial sustainability, supplementing their equity investments.

The Government of Uttar Pradesh (GoUP) entrusted the Uttar Pradesh Metro Rail Corporation (UPMRC) with the role of 'Coordinator' for crafting the Detailed Project Report (DPR) for the Varanasi Metro. The Varanasi Development Authority (VDA) was designated as the pivotal agency responsible for DPR development. RITES, an undertaking of the Government of India, was commissioned to formulate the DPR. The groundwork for the Varanasi Metro DPR commenced in May 2015, featuring a series of site visits conducted by a team comprising members from LMRC, RITES, and VDA officials. Following meticulous site visits, engineering surveys, and extensive discussions with the Commissioner of Varanasi and VDA officials, the metro lines for Varanasi city were finalised. Subsequently, the DPR was meticulously crafted, outlining the comprehensive plan for the Varanasi Metro project.

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..