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Hyderabad Metro Rail
The Hyderabad Metro is a rapid transit system, serving the city of Hyderabad, Telangana, India. It is the second longest operational metro network in India after the Delhi Metro (285 stations) with 57 stations and the lines are arranged in a Transport topology, secant model. It is funded by a public–private partnership (PPP), with the state government holding a minority equity stake. A special purpose vehicle company, L&T Metro Rail Hyderabad Ltd (L&TMRHL), was established by the construction company Larsen & Toubro, L&T to develop the Hyderabad metro rail project. Hyderabad Metro is the world's largest elevated Metro Rail system based on DBFOT basis (Design, Built, Finance, Operate and Transfer). A stretch from Miyapur metro station, Miyapur to Nagole, with 24 stations, was inaugurated on 28 November 2017 by Prime Minister Narendra Modi. This was the longest rapid transit metro line opened in one go in India. It is estimated to cost . As of February 2020, about 490,000 peop ...
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Larsen & Toubro
Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies. It was founded by Henning Holck-Larsen and Søren Kristian Toubro, who were two Danish engineers taking refuge in India. As of 2020, L&T Group comprises 118 subsidiaries, 6 associates, 25 joint-venture and 35 joint operations companies, operating across basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services. History Larsen & Toubro originated from a company founded in 1946 in Bombay by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro. The company began as a representative of Danish manufacturers of dairy and allied equipment. However, with the start of the Second World ...
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Transport Topology
Rapid transit or mass rapid transit (MRT), also known as heavy rail or metro, is a type of high-capacity public transport generally found in urban areas. A rapid transit system that primarily or traditionally runs below the surface may be called a subway, tube, or underground. Unlike buses or trams, rapid transit systems are railways (usually electric) that operate on an exclusive right-of-way, which cannot be accessed by pedestrians or other vehicles, and which is often grade-separated in tunnels or on elevated railways. Modern services on rapid transit systems are provided on designated lines between stations typically using electric multiple units on rail tracks, although some systems use guided rubber tires, magnetic levitation (''maglev''), or monorail. The stations typically have high platforms, without steps inside the trains, requiring custom-made trains in order to minimize gaps between train and platform. They are typically integrated with other public transport a ...
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Raidurg Metro Station
Raidurg Metro Station is located on the Blue Line of the Hyderabad Metro. The station was opened on 29 November 2019, two years after first commercial operation of Hyderabad metro started. It is located near Raheja Mindspace Junction. Raidurg metro station is one of the busiest metro stations in Hyderabad with daily footfalls of around 25,000 commuters. In February 2020, Synchrony Financial became the sponsor of the Raidurg metro station, under semi-naming policy of Hyderabad metro to generate non-fare revenues. Raidurg station is terminal point of Blue Line, from where Phase 2 Airport Express will commence. This station was proposed in 2012. Initially, the metro rail was supposed to terminate at Shilparamam but as it was found to be a lake bed, the line was extended by a kilometre to Raidurg where a 15-acre site was earmarked. Raidurg station is opposite Lemon Tree Hotel and TCS Deccan Park. It is 1.6 km from Biodiversity park, Hyderabad. Mindspace underpass was const ...
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Metro Railway (Operations And Maintenance) Act, 2002
The Metro Railway (Operations and Maintenance) Act, 2002, formerly the Delhi Metro Railway (Operation and Maintenance) Act, 2002, is an Act of the Parliament of India that governs the operations of metro rail systems in India. The law was first promulgated as an Ordinance on 29 October 2002. When it was first enacted in 2002, the Act applied only to the National Capital Territory of Delhi. It was amended in 2009 to permit the Central Government to extend the Act to any metropolitan city or area, after consultation with the concerned State Government. However, the amendment specifically prohibits the Centre from extending the Act to the metropolitan city of Kolkata. Proposal and enactment The ''Metro Railway (Operation and Maintenance) Act, 2002'' was promulgated as an Ordinance titled the ''Delhi Metro Railway (Operation and Maintenance) Ordinance, 2002'' by then President A. P. J. Abdul Kalam on 29 October 2002. The ''Delhi Metro Railway (Operation and Maintenance) Bill, 2002' ...
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Business Standard
''Business Standard'' is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi. Founded in 1975, the newspaper covers the Indian economy, infrastructure, international business and trade, stock and currency markets, corporate governance, and a range of other financial news, opinions and insights. The main English-language edition comes from 12 regional centers, Mumbai, New Delhi, Kolkata, Bengaluru, Coimbatore, Chennai, Ahmedabad, Hyderabad, Chandigarh, Pune, Lucknow, Bhubaneswar, and Kochi, and reaches readers in over 1,000 towns and cities across India. History The newspaper's initial owner had been the Kolkata-based ABP Group. Circulation was rising, but losses were rising, possibly to above Rs 50 crore, and ABP could not support it. ABP hoped that the government would allow Financial Times to take an equity stake in Business Standard Limited and bring in funds. In 1997, ''Business Times'' was purchas ...
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