L&T to Build Hospitals Worth Rs 24 Billion for Apollo
Larsen & Toubro’s Buildings & Factories (B&F) division is set to enter into contracts worth approximately Rs 24 billion with Apollo Hospitals Enterprise Ltd for the construction of hospital buildings across various locations in India. The proposal will be placed before shareholders at L&T’s 80th Annual General Meeting on 17 June.The contracts, which are expected to span durations ranging from one and a half to three years depending on individual project requirements, will cater to Apollo’s specialised infrastructure needs. According to the AGM notice, the initiative aims ..
VOC Port’s Rs 70 Billion Harbour Project Fails Again
The VOC Port Authority’s Rs 70.56 billion outer harbour project in Thoothukudi has once again failed to attract bidders, prompting the cancellation of its tender for the second time. Sources confirm the tender has now been withdrawn, though it may be restructured and reissued at a later stage.Initially retendered in December 2024, the project had already been shelved once due to insufficient response — with only two applicants, Vedanta and Premier Science and Technology, both of whom were disqualified. Despite relaxing eligibility conditions in the second round to encourage broader partici..
Navi Mumbai Airport To Start With 8–10 Flights Per Hour
The Navi Mumbai International Airport (NMIA) will begin operations with 8 to 10 air traffic movements (ATMs) per hour, gradually scaling up to 30 ATMs by summer 2026, according to Chief Executive Officer Captain BVJK Sharma. Authorities expect the airport to reach its first-phase peak traffic by then.In its initial phase, NMIA is expected to handle 20 million passengers and 0.5 million metric tonnes (MMT) of cargo annually. Once fully developed, the airport will have the capacity to accommodate 90 million passengers and 3.2 MMT of cargo each year. Although a formal inauguration date has not be..
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