DRP rejects favouritism claims, cites delay tactics in Dharavi Project

20 Nov 2023 CW Team

The Dharavi Redevelopment Project (DRP), led by the Adani Group, dismissed allegations of favouritism in the matter. In a statement, DRP, which also counts the Maharashtra government as a stakeholder, stated that "vested interests" were trying to hinder or postpone the project, which holds a revenue potential of Rs 200 billion.

The Opposition Congress claimed that the BJP government was 'benefitting' the Adani Group by easing norms for the Dharavi redevelopment project in Mumbai. Jairam Ramesh, its general secretary, accused the Maharashtra Urban Development Department, which had initially expressed reservations about relaxing the rules, of being "compelled to issue a notification that removes the provision of indexation in Dharavi's real estate Transferable Development Rights (TDR) and makes it mandatory for all Mumbai builders to purchase the first 40 per cent of their TDRs from Adani."

The DRP's statement referred to the efforts to "manufacture a controversy" around TDR generation as "unfortunate." It asserted that the generation of TDR within the Dharavi Notified Area (DNA) had been allowed since the Government Resolution (GR) of 2018, modified in the GR of 2022. The statement reminded that both developments occurred before the issuance of the tender for the redevelopment in 2022.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..