Shakti Pumps FY25 PAT Surges 188%, Revenue Hits Rs 25.16 Bn

Mumbai Metro Launches EV Battery Swap Stations

On Environment Day 2025, the Mumbai Metro Operation Corporation Ltd (MMMOCL) partnered with Honda Power Pack Energy India Pvt Ltd to install battery swapping stations for electric vehicles at 25 metro and six monorail stations across Mumbai. This landmark initiative positions Mumbai as one of the first metro cities in India to integrate electric vehicle (EV) battery infrastructure with public transport systems.The partnership represents the first large-scale rollout under MMMOCL’s newly approved EV Policy, designed to promote green mobility and last-mile connectivity. Approved at the 29th Bo..

SPML Infra Wins Rs 2.6 Billion Water Project in Chennai

SPML Infra, a prominent publicly listed infrastructure developer in India, has secured a Rs 2.58 billion contract from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The project has been awarded to a consortium comprising SPML Infra (26 per cent) and JWIL Infra (74 per cent), which emerged as the lowest bidder and has received the Letter of Acceptance (LoA).The scope of work includes the construction, testing, and commissioning of a major water reservoir in Porur, aimed at bolstering Chennai’s water storage and distribution capacity. The project also entails the developme..

Bihar Slashes Aviation Fuel Tax to 4 Per Cent

In a major push to improve air connectivity and promote tourism, the Bihar Cabinet, led by Chief Minister Nitish Kumar, has approved a sharp reduction in value-added tax (VAT) on aviation turbine fuel (ATF) from 29 per cent to 4 per cent. Previously applicable only at Gaya airport, the revised rate will now extend to all airports in the state.The move is designed to encourage airlines to operate more commercial flights in Bihar, reduce airfare, and align with the Central Government’s Regional Connectivity Scheme (RCS), which aims to make air travel more affordable and widespread.Bihar, home ..