Indian Railways earns around Rs 7 cr during the lockdown period

Neha Singh
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Indian Railways earns around Rs 7 cr during the lockdown period

NEW DELHI (Metro Rail News): During the nationwide lockdown Piyush Goyal led Indian Railways marks noteworthy earnings by Parcel trains services, transportation of necessary products & items like medical equipment, medical supplies, dairy products, food, oil, etc. in small parcel quantities is very crucial.

So, to fill in this essential requirement the national transporter has built Indian railway parcel vans accessible for quick mass transportation via e-commerce companies along with other customers including state govt. By the operation of these Parcel Special trains since the lockdown began, Indian Railways has registered an earning of around seven cr. To assure a continuous supply of essential items, Indian Railways is working time-tabled Parcel Special trains on selected routes.

As per the Ministry of Railways, the zonal railways are recognising & notifying railway routes daily for running these Parcel trains. Now, these Parcel trains are being run on 65 routes over the Indian Railways network. These railway routes have been recognised to include the following points –

  • Proper connectivity of railways among major Indian cities, viz Delhi, Kolkata, Chennai, Hyderabad & Bengaluru
  • Rail connectivity from capitals of states or major cities to all the parts of the state
  • Assuring railway connectivity to the North-East part of the nation
  • Supply of milk & other dairy products from surplus zones like Gujarat, Andhra Pradesh to high demand regions
  • Transport of other key items like medical supplies, medicines, agricultural products, etc. from producing sectors to different other parts of India.

On 14 April 2020 till 6:00 PM as per a statement through Railway Ministry, as many as 77 train services were conducted out of that 75 trains were time-tabled Parcel trains. Moreover, in just single day materials of 1835 tonnes were loaded, giving Indian Railways Rs 63 lakh earning.

From the opening of lockdown, a total of 522 train services were conducted in which 458 services were time-tabled trains. Accordingly, a total of 20, 474 tonnes of consignments have been loaded & the earnings of Indian Railways by Parcel Special Trains have been nearby Rs 7.54 cr the ministry declared.

Hyperloop network from Paris-Amsterdam in 90 minutes

Neha Singh
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Hyperloop network from Paris-Amsterdam in 90 minutes

NETHERLAND (Metro Rail News): Proposals to formulate a Hyperloop network that will take commuters from Amsterdam-Paris in less than ninety mins are under consideration in the Netherlands after a study which says the hi-tech link can be economically viable.

Hyperloop is an intended transport mode which includes travelling in a sleek, pod-like capsule which propelled by a low-pressure steel tube at the speeds of above six-hundred miles every hour.

Probably many sustainable than aviation & speedier than current top-speed trains, Hyperloop’s advocates tell it’s the future of cross-country, & also cross-continental, travel.

Beginning of this month the Dutch start-up Hardt Hyperloop declared the results of a study conducted out in collaboration with the province of North Holland that tested the experimental travel plan.

The report revealed that a European-wide Hyperloop network will significantly curtail travelling times from European cities, blurring borders & offering unusual economic gains.

The study recommended that more beneficial to connecting the Amsterdam Metropolitan Area with other European hubs will enhance business travel and strengthen the economic condition of the province.

According to a report, Hyperloop can ferry 200,000 commuters every hour through the direction. Travelers can reach Paris in just ninety minutes. From Amsterdam-Brussels will need less than an hour by Hyperloop.

The company’s CEO & co-founder Tim Houter stated CNN Travel that Hardt Hyperloop’s offered European network will present an alternative for the polluting short-haul flights, last yr. On paper, it reflects like a gain but the questions still over Hyperloop’s feasibility.

A part of technologies request its sci-fi credentials the plan of sleek, streamlined pods and levitating in a tube over the county but the concept’s remain in their early stages.

That’s why we would engage in discussions with other authorities to progress the research, he added in a statement. Other Hyperloop companies throughout the world remain its efforts to improve the technology, originally the brainchild of Tesla boss Elon Musk.

Virgin Hyperloop One built a complete-size pod that has reached speeds of 387 km each hour on a test track in Nevada, in 2017. Virgin Hyperloop 1 & Dubai-based supply chain firm, DP World, received the green signal by a state govt in India in 2019 to form a Hyperloop line from the cities of Mumbai-Pune.

Chris Dulake, global railways & transit leader at consultancy Mott MacDonald, a company which served on the London Underground & Heathrow Airport’s Terminal 5, expected 2030 was the earliest any of the Hyperloop competitors would lead certification, Speaking to CNN Travel in 2019.

Dulake also added, once one of Hyperloop’s advocates successfully make it operate more would be expected to follow suit.

BMRCL invites tenders for common mobility card

Neha Singh
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BMRCL invites tenders for common mobility card

BANGALORE (Metro Rail News): Namma Metro operations might have been delayed because of the lockdown 2.0 yet the officials are working to prep up operations for the future to improve the mobility card infrastructure through the end of this year.

Bangalore Metro Rail Co Ltd (BMRCL) has invited bids for acquiring & announcing open-loop National Common Mobility Card (NCMC) for Phases 1 & 2, without for the Gottigere-Nagawara line.

Also, it proposes to upgrade the automatic fare collection (AFC) mode at the current stations in Phase-1 by June 2020. “The Phase-2 AFC system is now under implementation.

Since the current AFC system in Phase-1 does not carry the NCMC, the up-gradation of Phase-1 AFC system has also been designed to be performed via BMRCL,” the bid report says.

In Phase-2, the installation of the Yelachenahalli to Anjanapura expansion line would be performed by the 2nd quarter, where work on the Mysore Road to Kengeri line is supposed to take 3 more months.

The deadline for rest lines goes up to the 1st quarter of 2021-23. The tenders, that involve 7 yr contract in implementing the payment system, would be opened on 5th June & are supposed to be awarded by July after the technical & financial evaluation.

HS2 Ltd issues notice to start the work For high-speed rail network

Neha Singh
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HS2 Ltd issues notice to start the work For high-speed rail network

LONDON (Metro Rail News): With the decision to move ahead with HS2 earlier this yr, HS2 Ltd has on April 15, 2020, marked the next action for the project after publishing Notice to proceed to the companies which would move construction work on Britain’s new High-Speed Rail network.

Project-Highlights

  • High Speed-2 project reaches the next stage as JV companies get approval to start detailed design & construction phase
  • Notice to proceed process marks formal permission for the main development works to start the following a decision earlier this yr to continue with the project
  • Development to start in line with Public Health England advice meanwhile the coronavirus outbreak

After deliberate consideration of the independent Oakervee review, the PM proved to Parliament in Feb 2020 that the project can start to deliver vital changes to capacity & connectivity over the Midlands & North, alongside a reform package to enhance governance at HS-2 to assure the project is passed better & more efficiently. A time when the development area faces uncertainties through the coronavirus outbreak, issuing Notice to proceed gives a vote of confidence in companies and the wider supply chain financing HS2.

Following the decision ahead this yr to continue with the project, this next step gives thousands of development workers and businesses over the country with conviction at a time when they want it and means that work can begin on delivering this transformational project.

The four work packages are for complete detailed design and development of HS2 Phase-I railway. By the contracts, small & medium businesses have the guarantee of a pipeline of action for the future serving to protect jobs & increase certainty for them in the existing climate.

The JV that are responsible for each package of work would be able to start work in line with Public Health England’s guidance throughout development work continuing while the coronavirus COVID-19 outbreak, in a way both secured to the workers and the public.

Joint Ventures Names, originally awarded tenders by HS2 Ltd in July 2017:

However, Stations, rolling Stock, railway systems and other non-civils contracts are not part of the contract already awarded.

ContractorJoint venture Contract Valuework scope
SCS RailwaysSkanska Construction UK Ltd, Costain Ltd, Strabag AG£3·3bndevelopment of Euston Tunnels and Approaches, Northolt Tunnels
Align JVBouygues Travaux Publics SAS, a subsidiary of Bouygues Construction, Sir Robert McAlpine and VolkerFitzpatrick, a subsidiary of VolkerWessels UK£1·6bndevelopment of Chiltern Tunnels and Colne Valley Viaduct
EKFB JVEiffage Genie Civil SA, Kier Infrastructure and Overseas Ltd, BAM Nuttall, Ferrovial Agroman£2·3bndevelopment of North Portal Chiltern Tunnels to Brackley, Brackley to South Portal of Long Itchington Wood Green Tunnel
BBV JVBalfour Beatty Group Ltd, VINCI Construction Grands Projets, VINCI Construction UK Ltd, VINCI Construction Terrassement£4·8bndevelopment of Long Itchington Wood Green Tunnel to Delta Junction and Birmingham Spur, Delta Junction to West Coast Main Line Tie-In (Handsacre Junction)

The Transport Department has also published the complete business case HS2 Phase-I setting out the strategic & economic case for the project and outlining how it would deliver a positive result on investment, alongside boosting capacity & connectivity needed in towns & cities over the country by delivering on the govt levelling up plan.

JSPL bags Rs 50 cr order to supply 12,000 tonnes Rail Blooms to France

Neha Singh
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JSPL bags Rs 50 cr order to supply 12,000 tonnes Rail Blooms to France

New Delhi, India (Urban Transport News): on Wednesday Jindal Steel & Power Ltd (JSPL) declared that it has acquired an order of Rs 50 cr to supply 12,000 tonnes of rail blooms to France. Where notifying the share listing regulatory in the filing the company announced that it has got an order to provide the special grade rail blooms to France Rail Hayange.

Managing Director of JSPL V R Sharma stated that with this JSPL has come to be acknowledged as the regular suppliers to France Railways. As the Britain & Australia have shown their interest and they are supposed to place orders also.

12,000-tonnes special grade rail blooms trading order to France is costing at about Rs 50 cr. JSPL has received a certification from Research Designs & Standards Organisation and started the production of 1,080 head hardened heat-treated grade rails. Rail Vikas Nigam Limited has set order of 2308-tonnes rails of this series.  

The company has informed that it has got an order to supply 2,308 tonnes of head hardened rails to KMRC for the Kolkata Metro Rail project. Delhi headquartered JSPL is a part of US$25 billion Om Prakash Jindal Grp, that is producing above 30,000 tonnes of head hardened rails every month at its rail mill at Raigarh plant. As the Jindal Steel & Power Limited (JSPL) was founded in 1952 in Haryana.

California confirmed $600 million for the high-speed rail project

Neha Singh
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California confirmed $600 million for the high-speed rail project

CALIFORNIA (Metro Rail News): On Tuesday the state’s finance committee has confirmed the allocation of $600 million in tax-exempt bonds to move toward the private Virgin Trains for the intended high-speed rail project.

The $4.8 billion high-speed rail project would connect 2 cities among Las Vegas-Southern California. As per the Internal Revenue Service guidelines, the Virgin Trains market up to 4 times the amount of the $600 million in bonding authority that would complete of $2.4 billion in tax-free, private equity bonds.

Fiona Ma, California State Treasurer told that it’s not only a train but a necessary economic development tool for your region, creating 20,000 development job posts along with thousands of housing units and a clean, green electric MRTS.

In the last month, the U.S. Department of Transportation has bags $1 billion in tax-free private bonds to this project. Commenting on the bond permitted, Ben Porritt, Virgin spokesman, told that today’s approval is an excellent example of the public & private area working commonly to create statewide solutions for the transportation, economy, and housing, and it couldn’t grow at a more critical time.

The development work of the project would start only after getting last permission from Nevada state that would pass $200 million in bonds from the state’s debt limit allocation that will provide Virgin to market $800 million in bonds for the project.

“We still require the Nevada Department of Transportation agreement finalized, final environmental determination, evidence that the FRA would issue the decision record and David Robertson’s due diligence on the financial side before we can issue a finding of fact,” replied Terry Reynolds director of Nevada’s Department of Business.

Project details:

  • Name of the Project: California High-Speed Rail Project
  • The estimated cost of Project: US$4.8 billion
  • Total Length: 145 km
  • Investor name: Virgin Trains
  • Investment proposed via Virgin Trains: US$3.25 billion
  • Break-up: $2.03 billion on infrastructure, $650 million on railway vehicles & $175 million on the California station.

G R Infraprojects bags Rs 592.17 cr contract of Delhi-Alwar RRTS corridor

Neha Singh
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G R Infraprojects bags Rs 592.17 cr contract of Delhi-Alwar RRTS corridor

NEW DELHI (Metro Rail News): On Tuesday EPC company GR Infraprojects Ltd (GRIL) based on Gurugram declared that it has emerged as the lowest bidder (L1) for development of the 1st leg of Delhi-SNB-Alwar RRTS corridor of National Capital Region Transport Co. Ltd. (NCRTC)

As stated in a release that we are glad to declare that we won our 1st elevated rail project under NCR Transport Co. with project value Rs 592.17 cr. Total 3 construction firms namely GR Infraprojects Ltd, Tata Projects Ltd & Cherian Varkey Construction Company Pvt Ltd have submitted their bids for the development work of around 8.5 km elevated sector including 3 RRTS stations of Delhi-SNB-Alwar RRTS corridor from Rajiv Chowk-Udyog Vihar in Gurugram.

According to the NCRTC sources, the price quoted through the L1 & L2 bidders are as under-

  • GR Infraprojects Ltd: Rs 592,17,65,833.00
  • Tata Projects Ltd: Rs 648,50,36,616.00

According to the NCRTC, the expected cost of the work was Rs 588 cr. Technical bids were revealed online on 14 Feb 2020 and subsequently, financial bids were revealed on 4 April 2020 after evaluating the technical bids presented by 3 participants. The financial bids of Cherian Varkey Construction Company Pvt Ltd were not presented as the firm not found technically qualified as per the eligibility criteria and terms are provided in the tender notification.

last year in Nov the NCRTC had floated tender (DA/CN/COR-OF/014) for the development work of the Elevated Viaduct from the end of the Ramp at IDPL Complex to Begin of Ramp at Rajiv Chowk & 3 nos. of Elevated Stations viz. Udyog Vihar, Sector-17 & Rajiv Chowk of Delhi-Gurugram-SNB RRTS Corridor. This was the 1st construction tender of the Delhi-SNB-Alwar RRTS corridor.

As per the contract terms, GR Infraprojects Ltd has to finish the work in 2.5 yrs from the date of issuance of the letter of acceptance (LoA) through the NCRTC.

GR Infraprojects Ltd is an integrated road EPC company with experience in the design & development of many road and highway projects crossed 14 States in India.

The primary business operations of the company are broadly divided into three categories: first – civil construction projects under EPC services, second – development of roads & highways on a BOT basis, and third – manufacturing activities under bitumen manufacture thermoplastic road-marking paint & road signage and fabricate and galvanize metal crash barriers.

DMRC released its result for JE, Legal Assistant & Architect Assistant

Neha Singh
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DMRC released its result for JE, Legal Assistant & Architect Assistant

NEW DELHI (Metro Rail News): Delhi Metro Rail Corporation has now released the result of Computer Based Test for the post of Regular Junior Engineer for Electrical, Electronics & Stores. Along with this, the result for the job of Legal Assistant & Architect Assistant in daily Cadre has been declared by the Delhi Metro.

Each applicant who has arrived in DMRC JE Exam, DMRC Legal Assistant & Delhi Metro Architect Assitant for Regular Executive, can download DMRC Result from its official website www.delhimetrorail.com.

DMRC scorecard and response sheets of every the applicant would be uploaded on DMRC website www.delhimetrorail.com/career.aspx soon.

The selected applicants in DMRC CBT Exam would now have to resemble for the next stage of recruitment that is Paper Verification and Pre-appointment Medical Exam according to the merit cum reservation for that they would be notified on their registered e-mail ID and on Mobile No, at the appropriate time.

The applicants are suggested to keep visiting the Career section of DMRC website viz. www.delhimetrorail.com/career.aspx for additional instructions on paper verification, medical examination or joining. DMRC JE Exam was held on 17, 18, and 20 February 2020, Delhi Metro Architect Assistant exam on 21st of Feb 2020 and DMRC Legal Assistant Exam on 23rd of Feb 2020.

A complete no of applicants is 10921 that were arrived in DMRC JE Electronics exam out of that 66 applicants got selected in the exam. DMRC JE cut-off for Electronics posts for the general class is 47.735 paper one and 60.053 for paper one + paper two.

Indian Railways to start two trains from Bengaluru to meet military requirements

Neha Singh
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Indian Railways to start two trains from Bengaluru to meet military requirements

NEW DELHI (Metro Rail News): On Thursday Indian Railways has decided to begin a couple of special trains for the military to meet operational demands of Indian Army at northern & eastern borders during the nationwide lockdown to prevent the spread of COVID-19, as stated the force.

The Indian Army is also coordinating with the Railway Ministry for plying for further trains for the military plan in the upcoming weeks. “To meet the operational necessities of Northern & Eastern borders 2 military special trains are prepared to be operated,” Indian Army declared.

It said both the trains would begin from Bengaluru. The 1st train would begin on the 17th of April and arrive Jammu and the 2nd train would commence on the 18th of April for Guwahati. The route planned by the Indian Army is that the 1st train would commence from Bengaluru and the would have stoppages at Belgaum, Secundrabad, Ambala and culminate at Jammu.

The 2nd train would commence from Bengaluru and stop at Belgaum, Secundrabad, Gopalpur, Howrah, New Jalpaiguri & culminate at Guwahati.

“This would enable decongestion of section A & B training establishments at Bangalore, Belgaum, Secundrabad & Gopalpur like assist in operational preparation of active formations deployed along with the borders,” a source in the Indian Army declared.

The force said that the personnel because of rejoining units deployed in northern & eastern borders and have undergone mandatory quarantine period & found medically fit would be received.

UNIVIO Bags Rs. 110 Cr. Pune Metro’s Depot contract from Maha Metro

Neha Singh
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UNIVIO Bags Rs. 110 Cr. Pune Metro’s Depot contract from Maha Metro

PUNE (Metro Rail News): Maharashtra Metro Rail Corporation Limited (Maha Metro) awarded Pune Metro‘s Depot contract to a consortium UNIVIO, consisting of URC Construction (P) Ltd. India, Swastik Overseas India, Fabriyka Obrabiarek Rafamet S.A., Poland and Bertolotti Rail S.R.L Italy for the supply of Unit Machinery & Plant for two Depots among Range Hill and Vanaz

The scope of work includes Design and Manufacture, Supply, Installation, Testing, Commissioning & Comprehensive Maintenance Services (CMS) of Machinery and plants for 02 numbers of rolling stock depots at Range Hill and Vanaz of Pune Metro Rail project and training of personnel for Pune Metro Project.

The Pune Metro’s Depot tender was published in October 2018 and submitted on June 2019. The Letter of Award (LoA) came on 21st of March 2020, and the entire Contract Value is approximate 110 Crores

However, Supply Scope in this project are 

a)  Automatic Train Wash Plant:- 02 No.s 

b)  CNC Under Floor Wheel Lathe:- 02 No.s

c)  Under Floor Lifting Jacks:- 02 No.s

d)  Mobile Lifting Jacks:- 02 No.s

e)  Bogie Testing Machine:- 01 No.s

f)   Rescue Vehicle with Re-railing & Rescue Equipment:- 02 No.s

g)  Catenary Maintenance Vehicle:- 01 no.

h)  Battery Operated Rail Cum Road Vehicle:- 02 No.s

i)   Multi-Functional Working Platform :- 02 No.s

In October 2018, Maha-Metro proposed bid via international bidding procedure for Supply of Machinery & Plants for its two Depots where Swastik Overseas led consortium participated and emerged a the lowest bidder.

Among the 04 companies of consortium viz, the first one is URC Construction (P) Ltd. Chennai, India –  Founded in 1956 with Headquarters in Erode, Tamilnadu Carries. In the Metro sector, they have completed projects for Chennai Metro, Kochi Metro, Bangalore Metro, Gujarat Metro and various construction organization of Indian Railways. In this project, they act as a Lead Member in the consortium UNIVIO.

The second one is Swastik Overseas New Delhi, India, It is one of the reputed suppliers to the Govt of India for Railways, Defence & Petro Chemicals. Completed many projects for Indian Railways and Metros in India. In this project, they act as 2nd Member in the consortium UNIVIO.

The third one is Fabryka Obrabiarek Rafamet S.A. Poland, manufactures special-purpose machine tools for wheelset machining and it is one of the leaders on the global market. RAFAMET is also a widely recognized and reputable supplier of heavy-duty special-purpose machine tools for the customers in the machine-building, power generation, shipbuilding, metallurgical, aerospace and defence industries. In this project, they act as 3rd Member in the consortium UNIVIO.

The fourth one is Bertolotti Rail S.R.L. Ital,y Bertolotti Rail Srl, part of Bertolotti SpA Group, is one of the most important international companies which can design, integrate and manufacture full range of Depot Equipment with the “Turn-key” formula to perform maintenance activities of railway, metro and tramway systems. In this project, they act as 4th Member in the consortium UNIVIO.

DMRC commenced the construction work on Phase-IV network

Neha Singh
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DMRC commenced the construction work on Phase-IV network

NEW DELHI (Metro Rail News): Development work on some major infrastructure projects in Delhi may continue from next week after the Centre granted conditional permission for such activity in fields where there were no coronavirus disease containment zones and if workers were available on-site.

The decision to release “in-situ” development has come as a relief to some govt of Delhi agencies due to any infrastructure projects have been stuck from last November when the development movement was banned because of high air pollution levels in the city.

That ban was lifted on 14th of Feb only to be reimposed when the nationwide lockdown was started on 25th of March. PM Narendra Modi has extended the lockdown till 3rd of May but some actions have been allowed to kick-start the economy and give job opportunities to regular-wage labourers.

The availability of labours can be a challenge because many thousand migrant workers moved from the city for their towns & villages after the lockdown was stated and work may continue at a slow pace, some big projects are set to continue, as per multiple officials aware of the developments.

“The available workers are not sufficient to run the projects at the pace. So this is expected that initially, the construction work would be slow. We would also have to understand how to get stuff as the factories are closed,” stated a senior Public Works Department official.

On Wednesday the Govt agencies started assessing the inventory of construction material & workers availability, another PWD official added. Delhi Metro Rail Co commenced the development work on Phase IV network in Haiderpur Badli Mor on Dec 31.

The Delhi Development Authority announced that it is imposing the situation and is expected to continue work at ten of its housing sites. “We would commence the work with whatever stock is available on the site,” stated DDA vice-chairperson, Tarun Kapoor.

There was the entirety of 1,578 COVID-19 cases in Delhi on Wednesday, also 56 blocks in the city have been revealed “containment zones”, in which the curbs are more stringent, all action in banned and necessary types of material are home-delivered by the govt.

Pune Metro’s coach still waiting for a green signal from MIDC

Neha Singh
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Pune Metro’s coach still waiting for a green signal from MIDC

PUNE (Metro Rail News): Maharashtra Metro Rail Corporation (Maha Metro) had asked for land from the Jawaharlal Nehru Port Trust (JNPT) & Maharashtra Industrial Development Co. (MIDC) but still has not received any reply. Coaches of the Pune Metro assembling unit is still to get land near Nagpur.

International bids for the supply of a total of 102 coaches for Pune Metro has been given to Titagarh Firema an Indian company in a JV with an Italian firm. The JV is expected to supply a total of 102 state-of-the-art ultra-modern aluminium-bodied coaches.

According to the agreement, 25 per cent of the coaches are to be built at its plant in Italy and the remainder 75% would be built and commissioned at the Maha-Metro coach manufacturing plant. If this appears, it would be for 1st time that aluminium-bodied coaches would be built in India.

The coaches delivery of Pune Metro is assumed to begin from Jan 2021. However, given the pause in land acquisition for this project, there is a tiny chance that Maha-Metro’s plant would be available by then. Maha-Metro had proposed a proposal for acquiring fifty-acre land for the plant in Sept-2018.

Receiving no response from JNPT, the Maha-Metro officials then asked land from MIDC in Butibori and yet it is to get any positive response for that land too.

The DPR of the plant is ready and as per this, the First Phase of the plant would cost Rs hundred crore for the development of the boundary wall, sheds and for purchasing cranes.

L&T boosts up after got significant contracts from NCRTC

Neha Singh
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L&T boosts up after got significant contracts from NCRTC

MUMBAI (Metro Rail News): Larsen & Toubro (L&T) rise 4.39% to Rs 903.70 after L&T Construction got ‘significant’ contracts for the huge civil infrastructure business. The huge civil infrastructure business of L&T development has secured multiple contracts to make Regional Rapid Transit System Infrastructure from National Capital Region Transport Corporation (NCRTC) in UP.

The project scope is to perform a new dedicated high-speed, high capacity rail system in the Delhi-Meerut Corridor. RRTS is distinct from metro transit systems as it caters to travellers travelling relatively long distances with very few stops and at a higher speed.

The design speed for the project is 180 KMPH with an average operational speed of hundred KMPH. The multiple contracts for RRTS have been secured for packages beginning from Duhai-Modi Nagar and from Modi Nagar-Shatabdi Nagar for an entire distance of around 32 Km viaduct with seven elevated stations.

These contracts have been bagged against stiff competition and are breakthrough projects with this client. According to L&T’s classification, the valuation of the ‘significant’ order stands among Rs 1,000 crore & 2,500 crores. The disclosure was given during market hrs on 15 April 2020.

L&T shares jumped 16.64% in 6 consecutive trading assemblies to the current trading cost of Rs 903.70 from the recent closing low of Rs 774.75 on 1st April 2020. On a consolidated basis, the company’s profit rose 15.21%-Rs 2,352.12 cr on a 5.87% rise in sales to Rs 36,242.68 cr in Q3 Dec 2019 over Q3 Dec 2018.

Honeywell bags ~ Rs. 168 Crore telecom contract for Pune Metro from Maha Metro

Neha Singh
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Honeywell bags ~ Rs. 168 Crore telecom contract for Pune Metro from Maha Metro

PUNE (Metro Rail News): Maharashtra Metro Rail Corporation Limited (Maha Metro) has announced a letter of acceptance (LoA) to Honeywell Automation India Ltd for the contract of ~ INR168 crore for the supply of telecommunication systems for Maha Metro’s Pune Metro project on 25th Feb 2020.

In July 2019, Maha-Metro had floated tender for supply, design, manufacture, installation, testing & commissioning of telecommunication systems for Pune Metro project.

As Honeywell Automation India Ltd has appeared as the lowest bidder so awarded the contract for the same. Honeywell Automation India Limited (HAIL) a leader in providing integrated automation and software solutions, with process solutions and building solutions.

It has a big product portfolio insensing and control, environmental & combustion controls, also provides engineering services in the range of automation and control to global clients. The Pune Metro project is being performed under the supervision of Maha-Metro. The project is being financed by two foreign financial institutions, namely the French Development Agency (AfD) & the European Investment Bank (EIB).

This year in Jan Agence Française de Développement (AFD) had signed a loan agreement to give financial assistance of EUR245 million for the Metro project. Similarily, EIB has approved a loan agreement to give financial assistance of EUR 600 million for the development of the underground section and acquisition of metro coaches for the project.

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