New Delhi | 24th December 2025: Shardul Amarchand Mangaldas & Co. (SAM) advised Pune IT City Metro Rail Limited (“PITCMRL”) on negotiating and finalizing the operations and maintenance contract for the Pune Metro Line III, connecting Hinjewadi to Civil Court (Shivajinagar) with Keolis S.A., a global leader in urban mobility operations.
Pune Metro Line III, developed under the Government of India’s New Metro Policy 2017 in PPP mode, requires a specialised operator to manage pre-commissioning activities including rail activation and testing, followed by full-scale operations post commissioning.
The SAM transaction team comprised Deepto Roy (Partner), Vaibhav Gwalani (Associate) and Tejash Bhandari (Associate).