Live
- IPL 2025 Auction: RCB acquire Hazlewood for Rs 12.50 cr; Gujarat Titans bag Prasidh Krishna at Rs 9.5 crore
- Maharashtra result reflects the outcome of Congress' destructive politics: BJP's Shazia Ilmi
- 13 killed, 18 injured as landslides, flash floods hit Indonesia's North Sumatra province
- Israeli PM seeks additional delay of testimony in court for criminal trial
- JAIN International Residential School, Bengaluru jointly with The Sports School to announce India’s First Integrated Scholarship Future25
- Sale certificate issued in pursuance to a court's auction not required to be stamped: Supreme Court
- Andhra Pradesh: Jagan flays Chandrababu-led govt for neglect of education
- Sri Lanka issues flood warnings for 12 flood-prone river basin areas
- IPL 2025 Auction: Venkatesh Iyer sold to KKR for Rs 23.75 cr, Stoinis joins PBKS for Rs 11 crore
- Kharge to lead Opposition strategy meeting as Parliament session kicks off on Monday
Tata-Siemens JV to develop Metro Corridor for Pune Metro under PPP route
Tata-Siemens JV to develop Metro Corridor for Pune Metro under PPP route
A Joint Venture between TRIL Urban Transport Private Limited and Siemens Project Ventures GmbH under Public Private Partnership Route (PPP) will develop the metro corridor from Hinjewadi to Shivajinagar.
A Joint Venture between TRIL Urban Transport Private Limited and Siemens Project Ventures GmbH under Public Private Partnership Route (PPP) will develop the metro corridor from Hinjewadi to Shivajinagar.
A consortium between Siemens AG, Siemens Mobility GmbH, Siemens Limited and Alstom Transport India Limited has been awarded the contract for the electrical and mechanical system works of the project by Pune IT City Metro Rail Limited. The project is to be completed in 39 months. Siemens Limited is a part of the Consortium that will provide project management, turnkey electrification, signalling, communications and depot works (equipment) for this prestigious project.
The order size of Siemens Limited is to the extent of Rs 900 crore (approximately).
TRIL Urban Transport Private Limited is a Tata Group Company while Siemens Project Ventures GmbH is a subsidiary of Siemens Financial Services.
The Joint Venture has formed a special purpose company called Pune IT City Metro Rail Limited. The elevated metro line connects Hinjewadi Rajiv Gandhi Infotech Park to Shivajinagar via Balewadi. The 23.3 km corridor with 23 stations will be the first metro project in India under the New Metro Rail Policy.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, "We would like to thank the Pune Metropolitan Region Development Authority for awarding this project to us. Siemens is a leader in providing state-of-the-art metro rail solutions globally. Pune Metro is a prestigious project, and Siemens is glad to be partnering with the Tatas to jointly develop this project. We are confident that the new metro line will play a key role in positively impacting the quality of life of Pune's citizens to transform their every day."
Siemens Financial Services (SFS) invests in infrastructure projects around the world. Through PPPs, SFS can help cities meet their goals of obtaining intelligent infrastructure solutions and enable smarter, more sustainable transportation networks.
