Visakhapatnam Metro Funding Plan Under Review

28 Jan 2026 CW Team

Visakhapatnam Metropolitan Region Development Authority Commissioner N. Tej Bharat has reviewed the mobilisation of Rs 26.18 billion required for the Visakhapatnam Metro Rail Project, assessing progress and key financial and implementation challenges.

During the review meeting, the Commissioner evaluated the project’s current status, timelines and execution hurdles, emphasising the need for stronger inter-departmental coordination to ensure timely delivery.

He said the project could benefit from identifying nationalised banks willing to provide financing at lower interest rates. He also recommended that loan agreements include a minimum moratorium period of five years on repayments to ease financial pressure during the initial implementation phase.

The Commissioner stressed the importance of wider consultations with banks and financial institutions operating under Reserve Bank of India guidelines. To reduce the project’s overall debt burden, he advised officials to seek exemptions from state taxes and GST from the state government.

On land acquisition, he directed officials to reassess station locations, alignments and related aspects, and to explore options to further minimise land-related costs. The meeting was attended by senior officials, including Joint Commissioner Ramesh, Chief General Manager (Finance) UJM Rao, Chief General Manager (Projects) Brahmanandam, Visakhapatnam RDO Sudha Sagar and other officials.

The review underscores the focus on strengthening the financial structure and implementation framework of the Visakhapatnam Metro project, which is expected to significantly enhance urban mobility in the city.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..