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Mumbai Urban Transport Project-III project get Rs.35 bn boost from AIIB
RAILWAYS & METRO RAIL

Mumbai Urban Transport Project-III project get Rs.35 bn boost from AIIB

To augment the suburban railway network in the Mumbai Metropolitan Region and ensure the safety of passengers, the Mumbai Railway Vikas Corporation (MRVC), along with the Centre and Maharashtra Government, has signed a loan agreement of Rs.35 bn with AIIB for railway projects under the Mumbai U...

To augment the suburban railway network in the Mumbai Metropolitan Region and ensure the safety of passengers, the Mumbai Railway Vikas Corporation (MRVC), along with the Centre and Maharashtra Government, has signed a loan agreement of Rs.35 bn with AIIB for railway projects under the Mumbai Urban Transport Project-III (MUTP-III). The total cost of MUTP-III is Rs.109.47 bn. The AIIB loan has a five-year grace period and maturity of 30 years. Sanctioned by the ministry of railways in 2017, MUTP-III projects include quadrupling of the 63-km line between Virar and Dahanu stations and setting up a 28-km Panvel-Karjat suburban railway corridor to provide a shorter route from Karjat to Chhatrapati Shivaji Maharaj Terminus.

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Infrastructure Urban

Schaeffler Highlights Future-ready Aftermarket Solutions at ACMA 2026

Schaeffler India, a leading motion technology company, is participating in ACMA Automechanika 2026 in New Delhi, where it is showcasing a comprehensive and future-ready aftermarket portfolio designed to support the complete vehicle lifecycle. The company’s offerings cater to a wide spectrum of mobility segments, including two-wheelers, passenger vehicles with internal combustion engines (ICE), commercial vehicles, tractors, hybrids and electric vehicles (EVs).A key highlight of Schaeffler India’s presence at the event is the launch of a dedicated range of two-wheeler spare parts for the In..

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Infrastructure Urban

Gateway Distriparks Reports Q3 FY26 Results, Declares Dividends

Gateway Distriparks (GDL), a leading multimodal logistics solutions provider in India, has announced its financial results for the quarter ended December 31, 2025 (Q3 FY26). The company also declared a second interim dividend of Rs 0.75 per share and a special interim dividend of Rs 1.25 per share for FY26.The special interim dividend is a one-time, non-recurring payout, announced to commemorate two key milestones: Gateway Distriparks achieving a net debt-free status for the first time since inception, and the completion of 30 years since the acquisition of land for its first facility at Nhava..

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Infrastructure Urban

Hindustan Zinc, JNCASR Advance Zinc-Ion Batteries for Grid Storage

Hindustan Zinc, the world’s largest integrated zinc producer and among the top five silver producers globally, has partnered with the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) to advance zinc-ion battery technology for large-scale renewable energy storage. The collaboration has resulted in the development of stable and reliable zinc-ion battery pouch cell prototypes, marking a key milestone in India’s indigenous energy storage research.Zinc-ion batteries are gaining traction as a promising alternative for stationary energy storage, supported by zinc’s abundance, l..

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