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BMRCL stated that interest component wasn't that high but it was "definitely more than ₹ 1 crore (US$120,000) per day". [141] Namma Metro elevated section. BMRCL announced plans on 13 June 2013 to issue 10-year bonds. [142] The proposed bonds received a credit rating of "IND AA" from India Ratings & Research (Ind-Ra). [143]
The station was named after a renowned electronics company located nearby after an agreement with BMRCL. As per latest reports, the Yellow Line is slated to be operational between 2nd & 4th weeks of January 2025 [ 2 ] due to lack of train sets which are needed for commencement of commercial operations.
BMRCL received bids from CRRC, Bombardier, Alstom India, and BEML. The tenders were a huge surprise; CRRC's total bid cost was ₹100 crores less than BMRCL estimates and over ₹175 crores cheaper than the next lowest bid. The firm placed a bid of ₹7.31 crores per coach, compared to BEML ₹9.28 crores per coach. [13]
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As per latest news updates, the Karnataka Cabinet had approved the Phase 3A of this metro line, linking Sarjapur in southeastern Bengaluru with Hebbal in the north on December 6, 2024. The approval from the Union Cabinet is awaited, as the Centre holds a 50% equity stake in Namma Metro. [4] [5]
The Purple Line is a part of the Namma Metro rail system for the city of Bengaluru, Karnataka, India. [1] As of 2023, the line is 43.49 km (27.02 mi) long and spans 37 stations from Challaghatta in the southwest to Whitefield (Kadugodi) to the east. [2]