NEW DELHI (Metro Rail News): Taking another step forward to strengthen freight transportation, a review meeting chaired by Union Railway Minister Shri Ashwini Vaishnaw was held where discussions about improving rail based freight movement for various commodities were carried out. It was also decided that comprehensive reforms will be undertaken in the existing wagon design policy, the new policy is set to be finalized within 15 days.
During the meeting, industry representatives suggested that the customisation of wagon designs according to different transportation requirements for various commodities could help railways transport freight on a larger scale. Indian Railways is taking part in extensive consultations with industry experts, trade bodies, and major freight customers associated with commodities that have significant potential for rail transportation.
The Union Railway Minister said that strict standards for design approval and prototype development will ensure the production of the highest quality wagons in India. Major reforms in the design policy will also be introduced, under which industries will be able to modify the wagon designs according to their specific requirements, such as, steel coils require special binding arrangements and dedicated loading and unloading systems for transportation, other commodities have their own transportation requirements, in this situation industries will be allowed to propose changes in the wagon designs as per their necessities. RDSO and the Chief Commissioner of Railway Safety (CCRS) will be overseeing safety compliance and technical standards.
The success of recently developed specialized wagons for commodities such as cement and salt was also highlighted in the meeting demonstrating the significance of modifying wagons according to industries’ operational needs.
This proposed new wagon policy will play a significant role in enhancing and strengthening rail freight transport and reduce India’s dependency on imported diesel, lower logistics costs, reduce carbon emissions, and make essential goods more affordable for citizens.
HARYANA (Metro Rail News): India’s first indigenously manufactured Hydrogen Train hit its final high-speed trials on Friday (June 26) from Jind railway station in Haryana. For this high-speed trial, the train left the Jind station to run at a speed of 120 kmph along the designated route at Jind-Sonipat Railway line. A specialized unit from the Research Design and Standards Organisation (RDSO), Lucknow, arrived at Jind station to oversee the testing.
The trial was earlier scheduled for Wednesday (June 24), but got rescheduled to June 26. The low-speed trial of the hydrogen train has been successfully executed.
Press Trust of India (PTI) posted the video of the train leaving for the 120 kmph trial from Jind station on their X (formerly twitter) account:
VIDEO | Haryana: India's first hydrogen train leaves from Jind for final 120 kmph speed trial.#HydrogenTrain#Jind
The high-speed trial is set to access several key features of the train in the trial to ensure that all the operational and safety standards are meeting the level of quality. The team will evaluate the following things in the trial:
Brake execution performance
The engine capacity
Safety systems
Vibration level
The condition of tracks
The hydrogen train will mark India’s advancement towards a cleaner source of energy for the railway transportation sector. Only a handful of countries are exploring the area of hydrogen for eco-friendly rail transportation like Germany, Japan, China and the USA. After this initiative, India will also become a part of this exclusive group.
Hydrogen Train Route
The Hydrogen train will operate on a 90-km route covering Jind and Sonipat in Haryana. The average speed of the train is expected to range from 110 kmph to 140 kmph. A hydrogen refueling and storage provision has already been set up at the Jind station for this train.
CHENNAI (Metro Rail News): Ircon International Limited has awarded a Rs 81.09 crore contract to Pee Pee Mandal Projects Pvt. Ltd. for the remaining trackwork package on a section of Chennai Metro Phase 2 project. The contract covers the supply, installation, testing and commissioning of standard gauge track infrastructure between Lighthouse Station and Poonamallee Bypass Station on Corridor 4 of Chennai Metro.
Contract details
Information
Details
Contractor
Pee Pee Mandal Projects Pvt. Ltd
Contract Value
Rs 81.09 crore
Contract Date
23 June 2026
Contract Period
365 Days
Bidding details
Bidder
Status
Pee Pee Mandal Projects Pvt. Ltd
Awarded (L1)
Avadh Rail Infra Limited
Accepted in Financial Evaluation
Scope of work
The scope of work includes balance works of supply, installation, testing,commissioning of track works of standard gauge. It also includes all associated works in underground, elevated sections between Light House station,Poonamallee Bypass station of Chennai Metro Rail Project C4 TRK 01.
AboutChennai Metro Phase 2
The contract is part of Chennai Metro Phase 2 expansion project. This will add 118.9 km of new metro network across 3 corridors in the city. The trackwork contract is for Corridor 4, which is also known as the Yellow Line. This section will connect the Lighthouse to Poonamallee Bypass. The corridor will span a total length of 26.1 km, which includes 16 km underground and 10.1 km elevated, along with 28 metro stations.The Yellow Line will link several important residential, commercial, and employment areas in Chennai.
NEW DELHI: The 6th Edition of InnoMetro has concluded, and we take this opportunity to formally acknowledge all the participants who made it a grand success.
InnoMetro 2026 created a dedicated, substantive platform for India’s rail transport sector, one where rail infrastructure planners, technology providers, financiers, and policymakers could engage to discuss the challenges and opportunities defining the next chapter of India’s rail mobility sector.
InnoMetro 2026 – An Overview
The 6th edition of InnoMetro fulfilled the industry’s expectations by becoming an ideal convergence point for the technology providers, subject matter experts and decision makers who joined this ecosystem to create the future of rail transport in India.The official support from Indian Railways, Ministry of Railways, Government of India and Ministry of MSME added an additional layer of credibility and significance. This year’s edition brought together over 5,000 visitors, 60+ exhibitors, and 40+ expert speakers across 5,000 square metres of dedicated exhibition space. These figures reflect not merely the scale of the event, but the sustained and growing role within the sector for a platform of this nature.
The conference sessions addressed the critical questions, including urban metro expansion, rolling stock procurement, financing structures, and the policy frameworks that will determine the pace of delivery. The discussions were candid and technically substantive. Importantly, they were attended by the people with the authority to act on them.
The exhibition floor strengthened this dynamic, where exhibitors engaged in conversations that extended well beyond product demonstrations into genuine procurement dialogue and partnership exploration.
Acknowledgement of Partners We would like to extend appreciation for the contributions of all the partners who materislised the vision of InnoMetro 2026.
About This Report The Post-Event Report that follows provides a structured account of the conference proceedings, exhibition activity, and key outcomes of InnoMetro 2026. It also documents our efforts to broaden reach and deepen impact across the industry. We have prepared it with the intent that it serves as a useful reference both as a record of this edition and as context for the work ahead.
The 7th Edition
This journey will continue with the 7th edition of InnoMetro for which preparations are already underway. We would welcome early conversations with organisations wishing to explore participation or partnership opportunities.
Description
InnoMetro is Asia’s leading expo for showcasing innovations and advanced technologies for the Metro, RRTS, Railways, High-Speed Rail, and allied sectors. The objective of organising this event is to create a platform where innovators, industry experts, policymakers, infrastructure developers, technology providers, and decision-makers come together to discuss the opportunities, challenges, and future direction of rail transportation.
Over the years, InnoMetro has evolved into an industry platform that facilitates knowledge exchange, business networking, and collaboration among stakeholders across the rail ecosystem. The solutions and technologies showcased at the event contribute to the development of future mobility projects, while the discussions and insights shared during the conference shape industry perspectives, policy discourse, and institutional frameworks. The event also provides a unique opportunity for organisations to demonstrate their capabilities, explore partnerships, and engage with professionals involved in planning, developing, operating, and modernising rail infrastructure.
The 6th Edition of InnoMetro further strengthened its position as a leading metro and railway exhibition, bringing together exhibitors, speakers, and industry leaders from across the sector. By bringing the entire rail value chain under one roof, InnoMetro 2026 facilitated meaningful dialogue, encouraged collaboration, and contributed to the advancement of sustainable, efficient, and future ready mobility solutions.
Date
20-22 May 2026
Venue
Bharat Mandapam, Hall No. 4, New Delhi
Website
www.innometro.com
KEY HIGHLIGHTS
FOCUSED ON: AI- ENABLED SUSTAINABLE URBAN RAIL MOBILITY FOR VIKSIT BHARAT
Chairman:
Mr. Sanjeev Kumar Sachdeva, Managing Director, Aurotoshi (An Aurionpro Group Company)
70+
PARTNERS & EXHIBITORS
30+
SESSIONS & PANEL DISCUSSIONS
40+
SPEAKERS
5,000+
VISITORS
27+
COUNTRIES
•The 6th Edition of InnoMetro was organised by Symbroj Media Pvt. Ltd. and presented by Metro Rail News. The event received official support from Indian Railways and the Ministry of MSME. InnoMetro provided a collaborative environment for meaningful engagement and knowledge exchange.
• The platform enabled attendees to build valuable business connections, explore the latest innovations and technologies in rail systems, and gain insights into emerging trends, policy developments, and technological advancements in rail transportation.
• The event featured over 5,000 square meters of exhibition space dedicated to presenting innovative products, services, and technological solutions from exhibitors and partners.
•The 6th Edition of InnoMetro was centred around the theme “AI-Enabled Sustainable Urban Mobility for Viksit Bharat”.
• The platform was graced by the presence of several distinguished dignitaries, including Shri Manoj Kumar Dubey, Chairman & Managing Director and CEO, Indian Railway Finance Corporation, Ms. D. Thara (IAS), Additional Secretary, Ministry of Housing and Urban Affairs, Dr. Sanjay Mukherjee (IAS), Metropolitan Commissioner, Mumbai Metropolitan Region Development Authority (MMRDA), among others.
• Mr. Sanjeev Kumar Sachdeva, Managing Director, Aurotoshi (An Aurionpro Group Company), served as the Chairman for the 6th Edition of InnoMetro
• The event was attended by officials from the Ministry of Railways, Metro Corporations, NCRTC, RDSO, NHSRCL, Alstom, IRFC, Titagarh, RLDA, DFCCIL, Coach Factories, RVNL, RITES, EY, Siemens, etc.
CONFERENCE HIGHLIGHTS
01
3+
PANEL DISCUSSIONS
02
25+
PRESENTATIONS
03
30+
SESSIONS
• During the course of 2 days, many valuable and actionable ideas were shared in the conference. All the sessions of the conference were curated to address the gaps in the procurement pipeline, financing models and institutional frameworks. In additions to discussing the roadblocks, many subject matter experts from both government and private sector came to the stage to present solutions through their sessions.
• The conference provided attendees with updates on projects across metro, railways, and RRTS; strategies to make rail transit more sustainable; and the latest trends and technologies that have the potential to influence the expansion and efficiency of metro and railway infrastructure in India.
• The 6th edition of InnoMetro convened a gathering of government officials, metro corporations, Indian Railways representatives, industry leaders, research institutions, and financial organisations to present, share, and deliberate on policy frameworks and strategic initiatives to address the technological and institutional gaps in modernising the rail transit industry in India.
The conference aimed to fulfil the following:
• To serve as a platform for industry leaders, policymakers, technology providers, and infrastructure experts to exchange ideas and discuss strategies for advancing India’s metro, railway, RRTS, freight, and high-speed rail sectors.
• To examine the role of emerging technologies, including artificial intelligence, IoT, predictive maintenance systems, cybersecurity solutions, and digital asset management tools in improving the safety, efficiency, and reliability of rail operations.
• To promote indigenous manufacturing, self-reliance, and export readiness in rolling stock and allied technologies in line with India’s vision for a globally competitive rail industry.
• To explore innovative financing mechanisms, land value capture models, and institutional frameworks that can support the development and expansion of future rail and urban mobility infrastructure projects.
• To evaluate approaches for building efficient, accessible, and inclusive urban rail networks through multimodal integration and transit-oriented development.
• To address workforce readiness, skill development requirements, and vendor participation frameworks necessary for the successful adoption of future rail technologies.
• To facilitate meaningful networking among metro corporations, Indian Railways, financial institutions, technology providers, research organisations, and industry stakeholders for the advancement of the rail transport ecosystem.
TOPICS DISCUSSED- • Indian rolling stock, electrification systems, and rail components for global markets.
• Self-reliance in key materials for rolling stock and railway electrification: metals, composites, rubbers, electronics, cables, transformers, and couplers.
• Accelerating railway electrification to support sustainable, energy-efficient, and high-capacity rail networks
• From Local to Global: Building Standards for Indian Rolling Stock and Electrification Exports.
• Export opportunities for Indian rolling stock, traction systems, and railway electrification infrastructure manufacturing.
• Transit-Oriented Development (TOD): Reshaping Delhi Around Metro
• Decongesting Metros: Strategies for Peak-Hour Passenger Flow Management • Multimodal Integration & its Impact on Ridership
• Accessibility Gaps: Designing Rail for the Differently-Abled and Elderly
Assessing the Practicality and Scalability of Last-Mile Connectivity Solutions
• Passenger-Centric Railway Operations: Strengthening Safety, Capacity and Station Readiness in High-Demand Corridors
• Fast Tracks and Roadblocks: Navigating the High-Speed Rail Revolution – A Holistic Exploration of Opportunities, Challenges, and Sustainable Development
• Harnessing the power of IOT data for AI-powered MMIS – Maintenance Management Information System
• Smart Asset Monitoring with IoT & Sensor Networks
• Cybersecurity in Railways: Protecting Signalling, Ticketing, and Passenger Data • AI-Powered Predictive Maintenance for Better Reliability and Cost Efficiency • PSD Integration with Signalling: Synchronisation with CBTC/ATP for safer train movements • Midlife Refurbishment of Metro Trains
• Building the World’s Second-Largest Driverless Metro Network for Viksit Bharat 2047 • AI-Driven Safety and Predictive Maintenance for Metro, Railways and High-Speed Rail
Exhibition Highlights
InnoMetro started as an online gathering, a simple idea that the rail transport ecosystem deserved a dedicated space to come together, exchange ideas, and discuss where Indian rail was headed. No grand ambitions. Just a belief that the right conversations, between the right people, could move things forward.
That belief turned out to be right. Over the years, InnoMetro grew not because it was marketed aggressively, but because the people it brought together found real value in being there. Policymakers, operators, manufacturers, technologists, and innovators kept coming back. And with each edition, the platform grew deeper, wider, and more meaningful.
Today, InnoMetro stands as Asia’s leading exhibition and conference for the rail transport sector, a space where organisations can showcase what they have built, connect with the people who matter, and be part of conversations that shape the future of rail mobility in India.
The 6th edition brought together officials from Metro Corporations, the Railway Board, RDSO, and coach manufacturers not as passive attendees, but as active participants engaging directly with the products, solutions, and technologies on the floor. Kochi Metro, Mumbai Metro Rail Corporation, Metro Railway Kolkata, and RITES were among those who chose to exhibit, a reflection of the trust this platform has earned within the ecosystem.
For InnoMetro 2026, the numbers tell part of the story:
• 7+ organisations came on board as partners, each bringing their own credibility and commitment to the platform.
• 60+ exhibitors set up personalised exhibit spaces to put their best work in front of a focused, relevant audience.
VOICES FROM THE INDUSTRY
Testimonials
What industry leaders say about InnoMetro
“
Manoj Kumar Dubey
Managing Director & CEO
IRFC
It has been a wonderful experience. Right from the beginning of the day,
this conclave has been very engaging. InnoMetro is doing a wonderful job
of bringing all the stakeholders associated with metro and urban railway
development in the country under one roof.
I have interacted with them in the past as well. In their sixth edition,
they are doing wonderful work. Metro railways and rapid railways are very
important for India going forward, and in this context, this kind of
conclave is extremely important. When everybody, from manufacturers to
financiers, with organisations like IRFC also participating, comes
together under one roof, it becomes a very important platform.
I am sure that, at the end of the day, a lot of impetus will be given
to the mission-mode development through which metro railways and urban
railway systems are taking shape in the country. I am also confident
that this two-day conclave will bring a lot of positivity towards the
mission mode through which the development of metros and rapid rail is
taking place in India.
Dr. Deepak Tripathi
Director (Technical),
RITES
It has been a very valuable opportunity for me as an individual
and for my company, RITES.
This is a forum where we can showcase and discuss the work we
have been doing in the rail, metro, and mobility sectors. We take
pride in being a pioneering company in this field. Our journey
began in 1998 when we started working on the first phase of
the Delhi Metro. Over the last 25 years, RITES has contributed
to metro rail projects in many indian cities, covering over 2,000
kilometres in the urban mobility sector. Events like InnoMetro
provide an excellent platform for connecting with the industry.
As the metro rail industry continues to mature, we can see that
contractors, consultants, and project execution agencies have all
evolved significantly.
The metro rail ecosystem has become mature now. we are entering
the next phase of development. This phase is focused on building
capabilities for operations and maintenance, asset management,
and the adoption of new technologies, whether related to
equipment, information technology, artificial intelligence, or
digital solutions. Now RITES is focusing on these areas too.
This exhibition and event have provided a great opportunity to
showcase our work. I also had the opportunity to participate in a
panel discussion and share my views, which made the experience
even more rewarding. It has been a truly wonderful experience.
Mr Sanjeev Sachdev
Managing Director,
Aurotoshi (An Aurionpro Group Company)
This year’s edition of the exhibition has been very well organised,
with an impressive scale and strong participation from across
the industry. We have established a large stall to showcase
our complete product portfolio. We have a lot of faith in this
exhibition because it is a very relevant exhibition as far as our
products are concerned.
KOLKATA (Metro Rail News): Taking another step at strengthening the 25 year old alliance between ABB and Kolkata Metro, ABB India has successfully installed advanced electrification and motion-control solutions across major infrastructure facilities of the Kolkata Metro network.
This partnership ensures smoother operations across all 6 corridors of the Kolkata Metro. ABB India has equipped 72 km of the Kolkata Metro with its exclusive electrification solutions including:
Low-voltage and medium voltage gas-insulated switchgear
Lightning protection systems
Distribution boards
Variable frequency drives (VFDs)
This metro network runs 300 train trips daily and serves around 5 lakh passengers, enhancing sustainable mobility in the city.
The critical cooling and ventilation infrastructure is managed by the company’s HVAC-dedicated packaged drives to provide comfort to passengers during travel. These solutions also support smoke extraction functions during emergencies within the metro station, and make an average of 25% energy savings.
Ms. Kiran Dutt, president of Electrification, ABB India, said, “As India accelerates its journey toward low-carbon, smart urban transit, the need for highly efficient and intelligent solutions has never been more urgent. Today, ABB’s broad portfolio of technologies are helping our customers drive efficient operations across 80% of the nation’s metro rail networks. Over the past 25 years, ABB has closely partnered with Kolkata Metro to equip its network with future-ready products & solutions across different corridors. Through local manufacturing and innovations under the ‘Make in India’ initiative, ABB continues to support India’s vision for a modern, sustainable, and future-ready transportation ecosystem.”
ABB’s various technologies have been installed across key metro corridors and facilities, including:
Sealdah–Phoolbagan
Joka–Majerhat
Barun Sengupta–Nazrul Tirtha
Airport
Shahid Khudiram station
Blue Line corridors
Dakshineswar, Baranagar
Metro Railway Bhavan
Jai Hind Bimanbandar (India’s largest underground metro station)
The Kolkata metro network has adopted ABB’s various technologies that are specifically created to match the infrastructure needs and operational requirements across various locations. ABB contributes to 80% of India’s metro network, ensuring seamless metro operations.
DELHI (Metro Rail News): The Inland Waterways Authority of India (IWAI) has asked for bids to prepare Detailed Project Reports (DPRs) and provide Project Management Consultancy (PMC) services for proposed Urban Water Metro systems in Srinagar, Guwahati, and Kolkata. The project aims to explore water-based public transport in these three cities.
Tender Information
Information
Details
Project
DPR and PMC Services for Urban Water Metro Systems
Tender Number
IWAI/Cargo/591/2026-27
EMD
Rs 98.74 lakh
Pre-bid meeting
03.07.2026, (14:30 hrs)
Bid Submission Last Date
22.07.2026 up to (15:00 hrs
Bid Opening date
23.07.2026 at (15:30 hrs)
Scope of work
The selected consultant will prepare a Detailed Project Report to assess the potential for establishing an Urban Water Transport System (UWTS) in Srinagar, Guwahati and Kolkata. The report will evaluate critical aspects such as infrastructure requirements, potential terminal locations, identifying potential routes, projected passenger demand, financial viability, regulatory and institutional frameworks, and stakeholder perspectives. The consultant will also provide Project Management Consultancy (PMC) services for all three cities.
Proposed Locations in Srinagar
The study will cover:
11 locations on the River Jhelum
Locations: Pantha Chowk, Batwara/ Bantamaloo, K P Bridge, Zero Bridge, Amira Kadal Bridge, Shah E Hamdan/ Maharaj Gunj, Chhatabal Weir/ Chhatabal Shrine/ Safa Kadal, Chhatabal Weir – 2, Sumbal/ Sumbal Bridge, Hajin Bridge, Wular Lake.
10 locations on Dal Lake
Locations: Nehru Park, Zabarwan Park, Tulip Garden, Char Chinar Dal Lake, Vakeel Colony, Nishat Garden, Mirza Bagh, Shalimar Bagh, Naseem Bagh, Dargah Hazratbal Shrine
Proposed Locations in Guwahati
Gateway of Guwahati, Uzaan Bazar, Umananda, Pandu Port, Guwahati Airport, Palashbari River View Point, IIT Guwahati, North Guwahati, Rajadwar Ghat, Kurua Ferry, Sualkuchi, Choonsali
IWAI also intends to construct and operate cruise terminals in Srinagar (River Jhelum), UT of J&K; Guwahati, Assam and Kolkata, West Bengal. The selected consultant is expected to design the terminals having the cruise facility along with ferry operations at certain location(s). The work of designing cruise terminal(s) has been already awarded by IWAI to another consultant. The selected consultant is expected to account for the design for the earlier awarded cruise terminal while designing the facility for UWMS at that location. Both cruise and ferry terminals would be having separate entry/ exit along with berthing provisions. The location(s) of the cruise terminal(s) would be shared later with the selected consultant.
About the project
IWAI operates under the Ministry of Ports, Shipping, and Waterways. It aims to promote inland water transport as a cleaner, more affordable, and sustainable way to travel. If executed, the proposed water metro systems could provide a new public transport option in Srinagar, Guwahati, and Kolkata. This would reduce pressure on roads and make better use of existing waterways.
MUMBAI (Metro Rail News): The Maha Mumbai Metro Operation Corporation Limited (MMMOCL) achieved its highest-ever single day ridership of 3,58,115 passenger journeys on 23 June, 2026. The arrival of the Southwest Monsoon was a major factor behind the high ridership, as monsoon activity intensified across the Mumbai Metropolitan Region. To accommodate this increased passenger demand, the MMMOCL has positioned additional Metro rakes on standby across all corridors which can be deployed whenever required based on ridership and crowd levels. This additional capacity will be operational beyond peak hours for safe and reliable travel experience during the monsoon season. Previously on 19th June, Mumbai metro recorded its peak ridership of 3,57,895.
Mumbai Metro is the second largest metro network in India. Prime Minister Manmohan Singh laid the foundation for the Mumbai Metro Rail Project in June 2006. The first line began its passenger operations on 8th June, 2014. Since then Mumbai Metro has become a big part of Mumbai’s transport system. It has also made significant contributions in the economic growth of the city. Today, Mumbai Metro plays a vital role in traffic reduction, shorter time travel and enhanced connectivity across the city.
Recent developments in the Mumbai Metro Rail Project:
The first phase of Mumbai Metro Line 5 (Thane to Dhamankar Naka in Bhiwandi) is closer to its commencement. The Commissioner of Metro Rail Safety (CMRS) inspection will be conducted before the passenger operations begin. The total length of this corridor is 34.21 km, making it the longest line in the Mumbai Metropolitan Region (MMR).
Mumbai’s Metro Line 9 Phase 1 was inaugurated by Chief Minister Shri Devendra Fadnavis on 7th April, 2026. Both phases of this line started its passenger services from 8th April. With this launch, one new metro line was added to the 4 operational lines increasing Mumbai metro’s connectivity to 5 active metro lines, including Metro Line 1 (Ghatkopar-Andheri-Versova), Line 2A (Andheri West-Dahisar East), Line 7 (Dahisar East and Andheri East) and Line 3, known as Aqua Line (Colaba-Bandra Kurla Complex-SEEPZ).
DELHI (Metro Rail News): The central government has announced plans to sell up to a 2% stake in Indian Railway Finance Corporation (IRFC) through an Offer for Sale (OFS). The move could help the government raise more than Rs 2300 crore and support its disinvestment programme for the financial year 2026-27.
The Department of Investment and Public Asset Management (DIPAM) stated that the government will first sell a 1% stake in IRFC. If investors demanded more then it can sell an additional 1% through a greenshoe option. The offer was available for non-retail investors on Wednesday and for retail investors on Thursday (Today). DIPAM Secretary Arunish Chawla shared the details on social media platform X. He said the government is offering 1% equity in IRFC along with an additional 1% greenshoe option.
Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 1% equity in the IRFC along with additional 1% as green shoe option. pic.twitter.com/4b1mSV3OOi
The minimum price is about 7.8%, which is lower than IRFC’s closing price of Rs 98.37 on the (Bombay Stock Exchange) BSE on Tuesday. IRFC shares closed 2.53% lower ahead of the announcement.
Part of Government’s FY27 plan
The stake sale is part of the government’s efforts to raise non-tax revenue and increase public shareholding in public sector companies. In the Union Budget for FY27, the Centre set a target of Rs 80,000 crore through disinvestment and asset monetization. In the starting of this month, the government completed a 5% stake sale in General Insurance Corporation of India (GIC Re), which received strong interest from investors. Official figures show the government has already raised around Rs 16,480 crore through minority stake sales in public sector enterprises, banks, and insurance companies during this financial year.
Previous attempt to sell IRFC shares
Earlier this year, the government attempted to sell a larger stake in IRFC. In February, it planned to sell up to 4% of the company but ended up selling only 1.71%. After that transaction, the government’s stake in IRFC stood at 84.65%.
About IRFC
IRFC is a Navratna public sector company under the Ministry of Railways. The company began operations in 1986 and serves as the primary financing arm of Indian Railways. It raises funds from domestic and international markets to finance railway infrastructure projects, purchase rolling stock, and support network expansion. IRFC also holds registration with the Reserve Bank of India as a systemically important non-deposit-taking non-banking financial company (NBFC) and infrastructure finance company.
DELHI (Metro Rail News): The Delhi Metro Rail Corporation (DMRC) on Wednesday (June 24), initiated the construction work on Central Secretariat Metro Station for the upcoming Central Vista Corridor. The station is undergoing development under the DMRC Phase 5(A) extension of the Magenta Line from Janakpuri West to RK Ashram Marg.
The Union Minister of Housing and Urban Affairs, Manohar Lal Khattar along with Katikithala Srinivas, secretary, Ministry of Housing and Urban Affairs and Chairman, DMRC were present during the occasion.
The Central Secretariat Station is projected to become a triple interchange station after the construction of this extension. The commuters will be able to interchange here for the Yellow Line, Violet Line and the Magenta Line. It is expected to benefit the government employees and commuters accessing Lutyen’s area and the neighbouring administrative areas.
The 9.913 km long corridor will span through nine underground stations. The stations include:
Shivaji Stadium (providing interchange to Orange Line)
Yuge Yugeen Bharat
Central Secretariat (providing interchange to Yellow Line and Violet Line)
Kartavya Bhawan
India Gate
War Memorial-High Court
Baroda House
Bharat Mandapam
Indraprastha (providing interchange to Blue Line)
The project is expected to enhance interconnectivity and link the major administrative area, judicial institutes and conventional facilities with the Delhi Metro. This corridor is expected to make Magenta Line the longest line in the DMRC network with a length of 88.4 km.
DELHI (Metro Rail News): Delhi Metro Rail Corporation (DMRC) has invited bids for the design and construction of seven elevated metro stations on the Lajpat Nagar-Saket G-Block corridor under Delhi Metro Phase-IV. The project falls under the Delhi Mass Rapid Transport System (Phase-IV Additional Corridors) and will receive financial support through a loan from the Japan International Cooperation Agency (JICA).
Tender Information
Information
Details
Tender Number
D2C-03
Project
Delhi MRTS Phase-IV (Additional Corridors)
Funding Agency
JICA
Pre-Bid Meeting
7 July 2026, 11:00 AM
Last Date for Bid Submission
7 August 2026, 3:00 PM
Completion Period
22 Months
Scope of Work
Under this contract, the selected contractor will design and construct seven elevated stations namely Lajpat Nagar, Andrews Ganj, Greater Kailash-1, Chirag Delhi, Pushpa Bhawan, Saket District Centre and Pushp Vihar including entry/exit structure, foot over bridge, architectural, finishing, plumbing and ground restoration including multi-model integration works etc. for Lajpat Nagar to Saket-G Block corridor of Delhi MRTS Phase-IV project.
About the project
The Lajpat Nagar-Saket G-Block corridor forms part of Delhi Metro’s Phase-IV expansion programme. The corridor will connect important residential, commercial and institutional areas in South Delhi. The seven new stations will improve access to metro services and make travel easier for thousands of daily commuters. The project will also strengthen connectivity with other transport modes through multimodal integration facilities.
HYDERABAD (Metro Rail News): The SBI Capital Market Ltd (SBICAPS) has been appointed to study the valuation of Hyderabad Metro Phase 1 and the expansion of the Hyderabad Metro Phase 2 Project. This decision was taken during the meetings between Telangana Chief Minister Revanth Reddy and Manohar Lal Khattar, the Union Minister of Housing and Urban Affairs, for two consecutive days on June 22-23 in New Delhi.
The decision came at the backdrop of CM Reddy’s letter on 16th June to Union Minister G Kishan Reddy seeking support for an arrangement of a meeting with Ashwini Vaishnaw, Union Railway Minister. The two Union Ministers were also present in the meeting at Khattar’s residence on Tuesday morning (June 23).
SBICAPS will conduct a comprehensive study on:
Hyderabad Metro Phase 1 valuation
Hyderabad Metro Phase 2 expansion
Raise loans for the required acquisition
Selecting an institute for lending the funds
Furthermore, it was decided that an officer from the central government and a special secretary of the state municipal administration and urban development (MA & UD) department should be the representative for coordination during the study. Future actions on the Hyderabad Metro expansion will take place according to the reports of this study.
DELHI (Metro Rail News): Delhi Metro Rail Corporation (DMRC) has invited bids for a civil maintenance contract. It will cover Line-3 from Noida City Centre to Yamuna Bank (excluding Yamuna Bank station), Line-4 from Laxmi Nagar to Vaishali, and the Mayur Vihar Regional Office. The estimated cost of the contract is Rs 9.54 crore.
Tender Information
Information
Details
Tender Number
OCM-2235
Estimated Cost
Rs 9.54 crore
Pre-bid Meeting
30 June 2026 at 11:30 Hrs
Bid Submission Deadline
14 July 2026 (Upto14:00 Hrs)
Completion Period
3 years
Scope of work
Under this contract, the selected agency will do Civil maintenance works of Line-3 (Noida city Centre to Yamuna Bank excluding) and Line-4 (Laxmi Nagar to Vaishali) section and Mayur Vihar Regional Office.
About the Corridor
The Blue Line is one of the busiest corridors in the Delhi Metro network. It connects Delhi with Noida and Ghaziabad and serves lakhs of passengers every day. Through this maintenance contract, DMRC aims to ensure that stations, structures and related facilities remain in good condition and continue to provide safe and reliable services to commuters.
AHMEDABAD (Metro Rail News): Following the geotechnical work tender for Ahmedabad Metro Phase 3C, Gujarat Metro Rail Corporation has now moved to Phase 3B and initiated the tendering process for its geotechnical investigation. This move shows the institution’s vision to materialise the project at the earliest.
The work will be executed on a 12.576 km elevated section from Canal Road to Badrabad Dead End
Tender Details
Tender Id
GMRC/GEOTECH/PH-3(B)/2026
Cost of work
INR 1.46 Cr. (Excl. of GST)
Completion period of Work
4 Months
Bid Submission Deadline
23-07-2026
Detailed Scope of Work: Engagement of Agency for Geotechnical Investigation Work for 12.576 Km Elevated Viaduct from Canal Road to Badrabad Dead End (from Chainage 6904.984 to 19481.228) of Ahmedabad Metro Rail Project-Phase -III (B).
As part of the assignment, the selected contractor will undertake comprehensive geotechnical investigations along the proposed elevated corridor to assess sub-surface conditions and support the detailed design of civil structures.
The scope includes conducting borehole drilling at designated locations, collecting soil and rock samples to determine the engineering properties of the soil and rock strata. The agency will also prepare detailed geotechnical reports covering soil stratification, groundwater conditions, bearing capacity assessments, foundation recommendations, and other geotechnical parameters required for the design of viaduct piers, stations, and associated structures. The investigations will help optimise foundation design, ensure structural safety, and facilitate the smooth execution of the metro project.
JAIPUR (Metro Rail News): Jaipur Metro Rail Corporation Limited (JMRC) has awarded a Rs 76.14 crore contract to Jakson Limited for supplying and installing key electrical systems for the metro network. This contract includes traction power systems, substations, cabling, and SCADA systems for both underground and elevated metro corridors.
Contract Details
Information
Details
Contractor
Jackson Limited
Contract Value
Rs 76.14 crore
Contract Date
18 June 2026
Contract Period
1,096 Days
Bidding Detail
Bidder
Status
Jakson Limited
Awarded (L1)
KRCL
Rejected in Technical Evaluation
Scope of work
The scope of work includes design, detail engineering, manufacture, supply, installation, testing and commissioning of 25 KV traction (ROCS and FOCS), 33 KV Auxiliary Sub Stations (ASS), associated Cabling and SCADA systems for both underground and elevated Corridors of JMRC.
About the project
Traction and power supply systems are essential for metro operations. They deliver electricity to trains and ensure smooth and safe movement throughout the network. JMRC has taken another step toward strengthening the infrastructure needed for future metro operations and expansion with this contract.
