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IL&FS Engineering bags Rs.532-cr project from NMRC

IL&FS Engineering bags Rs.532-cr project from NMRC

IL&FS Engineering and Construction Company has bagged a Rs.532.67-crore contract from Nagpur Metro Rail Corporation (NMRC) to construct elevated Metro stations. The project involves construction of seven elevated Metro stations and three ´at-grade´ stations - Congress Nagar to Khapri and related works.

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Authority to set up SPV for metro rail project

Authority to set up SPV for metro rail project

In order to set up a 29.707 kilometre metro rail line between Noida and Greater Noida, the Noida and the Greater Noida authorities are in the process of forming a special purpose vehicle (SPV). The SPV, named Noida Metro Rail Corporation (NMRC), will see an investment of Rs 1,000 crore. It is learnt that the authorities would soon approach the registrar of companies, Uttar Pradesh, for clearance and the w