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Maharashtra

11 buyers · 12 tenders · checked 2026-10-03

India's most active rail and metro procurement state; largest single-state rail allocation, three operating metros, busiest suburban network, bullet train leg.

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3Metro systems operating
2IR zones present
10Buyers tracked
13Tenders tracked
Live pipeline
$5.81B+ (₹50,000 cr+) in tracked tenders and recent awards
Technology areas
Signalling & train control, Rolling-stock hardware, Digital operations, Predictive maintenance, AI inspection, Cybersecurity, Track & civil, Electrification

Key figures

IR allocation to Maharashtra$2.76B (₹23,778 crore)IR allocation to Maharashtra, FY2025-26
1 source · primary
Combined MUTP-II/III/IIIA sanct…$6.13B (₹52,724 crore)Combined MUTP-II/III/IIIA sanctioned
1 source · primary

Buyers

BuyerTypeTendersContracts awarded
National High Speed Rail Corporation LimitedHigh-speed rail SPV66
Mumbai Metropolitan Region Development AuthorityDevelopment authority46
National High Speed Rail Corporation Limited (Maharashtra packages)High-speed rail SPV33
Mumbai Railway Vikas Corporation LimitedRegional rail SPV31
Maharashtra Metro Rail Corporation LimitedMetro corporation11
Maha Mumbai Metro Operation Corporation LimitedMetro corporation10
Mumbai Metro Rail Corporation LimitedMetro corporation01
Central Railway — Mumbai DivisionIR zone00
Maharashtra Rail Infrastructure Development CorporationState SPV00
Maharashtra State Road Development CorporationTransit authority00
Western Railway — Mumbai Central DivisionIR zone00

Tenders

TenderBuyerStatusValue bandNext key date
Line 12 Kalyan–Taloja rolling stock signallingMMRDABids closed$500m–1bnBids closed June 2026 · award expected
Mumbai Monorail operations and maintenanceMMMOCLBids closed$29.1–34.9M (₹250–300 cr)
Nagpur Metro Phase 2 AFC open-loop EMVMaha MetroBids closed$17.4–23.3M (₹150–200 cr)Bids closed May 2026 · award expected
C-3 civil Thane–Boisar viaduct tunnels 3 stationsNHSRCLAwarded$1.74–1.86B (₹15,000–16,000 cr)Awarded 2024
HSR signalling train control telecom OCC S-1NHSRCLAwarded$465–581M (₹4,000–5,000 cr)Awarded June 2025
Line 4/4A 234 driverless cars CBTC depotMMRDAAwarded$291–581M (₹2,500–5,000 cr)
Line 5 rolling stock 132 coaches CBTCMMRDAAwarded$233–291M (₹2,000–2,500 cr)Awarded November 2025
Line 6 CA-232 108 coaches CBTC telecomMMRDAAwarded$233–291M (₹2,000–2,500 cr)Awarded March 2025
Maharashtra J-slab ballastless track packageNHSRCLAwarded$465–581M (₹4,000–5,000 cr)
Signalling 5th/6th lines Borivali–Virar MUTP-3AMRVCAwarded$23.3–29.1M (₹200–250 cr)Awarded February 2026
CBTC extension Central Western Railway main linesMRVCPlanned
2,856 AC Vande Metro suburban coaches maintenanceMRVCCancelled$2.33B+ (₹20,000 cr+)

Cities

CityNetwork statusNetworks
Mumbaioperational + major constructionMumbai Metro (Lines 1, 2A, 2B, 3, 7, 9 operational; 4/4A, 5, 6 under construction)
Puneoperational + expansionPune Metro (Maha Metro) — Purple + Aqua lines
Nagpuroperational + Phase 2 constructionNagpur Metro (Maha Metro) — Orange + Aqua lines

Players with a footprint here

PlayerKindFootprint
L&TCivil contractorHeadquarters
RVNLCivil contractorHeadquarters
KPILTrack & electrification contractorHeadquarters
TitagarhRolling-stock OEMPlant
AurionproTechnology vendorHeadquarters
HCCCivil contractorHeadquarters
AfconsCivil contractorHeadquarters
Tata ProjectsCivil contractorProject presence
TexmacoRolling-stock OEMHeadquarters
DRA InfraconCivil contractorProject presence
EgisEngineering consultantOffice
KinetRolling-stock OEMPlant
Asa BhanuEngineering consultantProject presence
CG PowerVehicle systems supplierHeadquarters
J. KumarCivil contractorHeadquarters
NCCCivil contractorHeadquarters
AIIBFunder / investorOffice
HBLSignalling & systemsHeadquarters
HirectVehicle systems supplierPlant
Hitachi EnergyVehicle systems supplierPlant
JICAFunder / investorOffice
KECTrack & electrification contractorHeadquarters
KfWFunder / investorOffice
NDBFunder / investorOffice
Oriental RailVehicle systems supplierHeadquarters
TalgoRolling-stock OEMJoint venture

What changed

From This Week in Rail, newest first.

  • 2026-07-27 — MMRDA's ₹9,950 crore Metro Line 5A / 12A loan tender re-floated; bids now close 17 August
  • 2026-07-13 — MMRDA seeks a ₹9,950 crore long-term loan for Metro Line 5A (Durgadi–Kalyan–Bhoirwadi) and Line 12A (bids close 21 July) Financing tenders precede construction tenders; both lines move from map to market when this closes.

Withheld in the free surface

  • Capex in this region (4)
  • Sanctioned project value (3)
  • Live pipeline value (4)
  • Market narrative

Full detail withheld: 4 fields. In the India edition · See a fully open example

  • Mutp3 (3)
  • Mutp3a (3)
  • Mahsr (3)
  • Metro programme cost (3)

Full detail withheld: 4 fields. In the India edition · See a fully open example

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Compiled by Watchtower to editorial standards the Managing Partner sets and enforces. Public record only — every datum carries its source.