Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian Railways
30.1 C
Delhi
Monday, July 15, 2024
Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian Railways

New arm for metro rail business sets up by Adani Enterprises

Date:

Share post:

MUMBAI (Metro Rail Project): On Thursday Gautam Adani-led Adani Enterprises has set up a subsidiary to focus on Metro Rail Projects, the company informed the market.

The Adani group has earlier shown interest in metro rail projects, and setting up of this subsidiary solidifies its intent to enter and expand in this business.

The company said in a statement, the company has incorporated a wholly own subsidiary for the business of building, construction of transportation facilities like the metro and Monorail segment, Rapid Rail Transit System (RRTS), and engineering, procurement and construction, thereof.

The subsidiary, which is yet to start operations, has authorized share capital of Rs 5 lakh and paid-up share capital of Rs 1 lakh.

With many Indian cities taking up metro projects and other rapid transport projects for public transport, the sector is attracting infrastructure majors, both locally and abroad.

Aradhana Patel
Aradhana Patelhttps://www.metrorailnews.in
She is an Engineering graduate and passionate about writing technical news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_img

Related articles

Navi Mumbai Metro: A Look Back at Line 1 and Lessons Learned

Introduction Navi Mumbai, as evident by its name itself, is a newly planned & developed city situated in the...

Transforming Lucknow: The Rise of the Metro

Lucknow, the City of Nawabs, enchants with its rich tapestry of history and contemporary charm. Nestled on the...

Shri Anil Kumar Khandelwal Inspects Ongoing Work at Pamban Bridge 

Ramanathapuram (Metro Rail News): During a two-day visit to Southern Railway, Anil Kumar Khandelwal, Member (Infrastructure) of the...

Kolkata Metro: Construction of 170m Long D-Wall completed at Victoria Metro Station

Kolkata (Metro Rail News): The construction work of Victoria Metro Station is progressing swiftly. Recently, The L&T team...