Private Firm to Manage Chennai Metro's Phase II Operations

28 Jun 2024 CW Team

A private firm has been selected to manage the operations of Chennai Metro's Phase II network, signalling a strategic move towards enhancing efficiency and service quality in urban transportation. This decision aims to optimise operational capabilities and ensure seamless integration of new metro lines into Chennai's public transit system.

The selected private operator will be responsible for overseeing day-to-day operations, maintenance, and customer service across the expanded metro network. This includes managing train schedules, station facilities, and implementing safety protocols to enhance commuter experience and safety.

Chennai Metro's Phase II expansion spans several new corridors aimed at connecting additional parts of the city, addressing increasing commuter demands, and reducing traffic congestion. The involvement of a private firm is expected to bring operational expertise and innovative solutions to optimise metro services efficiently.

The partnership between Chennai Metro Rail Limited (CMRL) and the private operator reflects a collaborative effort to leverage private sector capabilities in public transportation management. It underscores a commitment to enhancing urban mobility infrastructure while ensuring reliability and convenience for metro commuters in Chennai.

As Chennai prepares for the Phase II metro network rollout, stakeholders anticipate improved connectivity, reduced travel times, and enhanced commuter satisfaction. The private firm's role is crucial in driving operational excellence and supporting Chennai's vision for sustainable urban development through efficient public transit solutions.

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..