METRO SYSTEM
IRCTC, DMRC, CRIS collaborate to promote 'One India - One Ticket' initiative
Indian Railway Catering and Tourism Corporation (IRCTC), Delhi Metro Rail Corporation (DMRC), and Centre for Railway Information Systems (CRIS) have introduced the 'One India - One Ticket' initiative, aimed at enhancing travel convenience for Main Line Railway and Metro passengers in Delhi NCR. The initiative allows passengers to book Delhi Metro QR Code-based tickets through the IRCTC website and mobile app, synchronized with Indian Railways' Advance Reservation Period (ARP). Tickets can be booked up to 120 days in advance and are valid for four days, offering seamless integration and flexibility in travel planning.
Siemens wins Rs 766 crore Bangalore Metro electrification order
Siemens has secured an order worth Rs 766 crore from Bangalore Metro Rail Corporation for the electrification of Bengaluru Metro Phase 2, a project aimed at sustainable public transport. The total order value is around Rs 766 crore, with Siemens Limited's share at around Rs 558 crore.
RVNL shares rally 10% on receiving LoA from Nagpur Metro
Rail Vikas Nigam's stock surged 10% to Rs 598 after securing a contract for six Nagpur elevated metro stations, including Kanhan River. Completion is in 30 months. The FY25 order inflow targets Rs 20,000-25,000 crore, and it possesses an Rs 85,000 crore order book. Market capitalization reached Rs 1.11 lakh crore, post revenue growth of 17.4%.
Q1 Earnings Preview: Flat to 4% growth in net profit expected from Nifty pack; auto, financials, health to outperform
Motilal Oswal and Kotak Mahindra differ in their Q2 earnings projections for the Nifty universe. While Kotak forecasts a nearly flat growth of 0.6%, Motilal Oswal projects a 4% increase in net profits. Both firms predict stronger growth when excluding global commodities. Motilal Oswal anticipates a 10% YoY increase for the Nifty excluding oil & gas and metals, while Kotak forecasts a 9.3% rise excluding oil marketing companies.
JICA signs pact for final tranche of Rs 4,657-crore loan for Mumbai Metro Line 3
The Japanese International Cooperation Agency (JICA) has signed the final tranche of a Rs 4,657-crore loan for the Mumbai Metro Line 3 project. This completes the funding for the 33.5-kilometre underground metro line connecting key areas in Mumbai.
MMRDA inks Rs 850-crore urban infra financing pact with German development bank KfW
The funds procured from KfW and MMRDA's resources will be primarily allocated towards various sustainable development projects within and around the Mumbai Metropolitan Region. These initiatives include the development of green corridors, solid waste management systems, recycling and reuse facilities, and the promotion of renewable energy solutions to address environmental concerns and enhancing the quality of life for residents in the bustling metropolitan area.
BlackRock buys 9.46 lakh shares in Titagarh Rail for 153 crore via block deal
Bulk deal data from the BSE reveals that Rashmi Chowdhary sold more than 26.93 lakh shares at Rs 1,618 each, netting approximately Rs 436 crore from the transaction. Chowdhary, a promoter of the railway sector company, owned over 1.28 crore shares, representing a 9.52% stake as of the end of March, as per the shareholding information available on the NSE.
Greater Noida residents to get direct Metro connectivity to Delhi airport and railway station; UP govt approves Aqua line extension
The Aqua Line Metro extension project, upon receiving central government approval, will bring substantial benefits to the region by reducing transportation costs and improving connectivity. The project's collaboration between various authorities highlights a collective effort to enhance public transportation infrastructure and meet the growing demand for efficient commuting options.
Mumbai's first underground metro to launch in July; All you need know about it
Mumbai's first underground metro line, launching in July, will span 33.5 km and include 27 stations, primarily underground. The Delhi Metro Rail Corporation (DMRC) will manage operations. The metro will operate from 6:30 am to 11:00 pm, with trains every few minutes, reaching speeds of 90 km per hour. This project, covering a total of 56 km, aims to significantly reduce the city's traffic congestion. The second phase is anticipated to complete within eight months.
Delhi metro station to have three interchanges as green line expands
New Delhi Metro station to become a triple interchange facility with Green Line expansion from Inderlok to Indraprastha, enhancing connectivity for commuters from Bahadurgarh and west Delhi.
UPSC exam: Delhi Metro Phase-III services to start at 6 am on June 16
The Delhi Metro Rail Corporation (DMRC) has announced that train services on Phase-III sections will be available from 6 am on Sunday in view of the upcoming UPSC examination. Metro train services on Phase-III sections, which usually begin at 8 am on Sundays, will begin at 6 am on June 16, Anuj Dayal, the DMRC's principal executive director (corporate communication), said on Friday.
Bengaluru Metro's Yellow line gets a boost: Titagarh rail systems to deliver first trainset in August
Titagarh Rail Systems Limited has started producing trainsets for the Bangalore Metro Rail Corporation Limited's Phase 2 Yellow Line project, a contract with China Railway Rolling Stock Corporation. The first trainset is scheduled for delivery in August 2024. The contract, initially signed in December 2019, faced delays and CRRC sought additional time for delivery.
KEC International shares jump 8% on winning order worth Rs 1,061 crore
KEC International's share price rose by 8% to Rs 829 after securing new orders worth Rs 1,061 crore. The company's YTD order intake is over Rs 3,000 crores, with a growth of 30% compared to last year.
Kolkata Metro to get battery power for moving stranded train
Kolkata's Metro Railway is installing a Battery Energy Storage System in the Dakshineswar-New Garia corridor to move trains during power outages, enhancing safety and energy efficiency.
Titagarh Rail Systems opens innovation engineering centre in Bengaluru
Kolkata-based Titagarh Rail Systems Ltd inaugurated an engineering centre in Bengaluru, Karnataka. The centre focuses on innovation and design for TCMS and advanced propulsion systems.
Mumbai Metro Aqua Line 3: BKC to Aarey Phase 1 operations set to start from July. Check route map and stations
Mumbai Metro Line 3 Phase I operations on the Aarey to Bandra-Kurla Complex route are set to begin in July. The Mumbai Metro Rail Corporation Limited (MMRCL) expects to start phase I operations of Mumbai Metro Line 3 on this route by then. Necessary dry runs have been completed, with some assessments and approvals pending. The Metro agency is ready to operate over 260 services with its fleet of 19 trains.
RVNL shares jump 8%, hit 52-week high on winning order from Nagpur Metro
In Monday's trading on the BSE, shares of Rail Vikas Nigam (RVNL) surged 8%, reaching a new 52-week high of Rs 399.7. This increase followed the company's success in securing the lowest bid for a project by the Maharashtra Metro Rail Corporation (Nagpur Metro).
Anand Mahindra shares video explaining why Indore is India's cleanest city
Mahindra Group chairman Anand Mahindra highlights Indore's seventh consecutive win as India's cleanest city. His tweet emphasizes the city's commitment to cleanliness, resonating with its recent accolades, including the best 'National Smart City' award. Despite ongoing development projects like the metro, Indore maintains its cleanliness standards, promising improved quality of life for its citizens. The metro's upcoming launch signifies a leap in transportation, symbolizing Indore's progress and sustainability.
"India to have world's second-largest urban metro system over next 2 years": Hardeep Singh Puri
Union Minister Hardeep Singh Puri highlighted the remarkable growth of India's urban metro transport, noting that the country is on track to have the world's second-largest urban metro system in the next two and a half years. He emphasized the success of Delhi's metro system, with 73 lakh riders daily, contributing to easier city commutes despite its expanding population. Puri also discussed advancements in the criminal justice system and police modernization under Prime Minister Narendra Modi's leadership.
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