Panvel City municipal corp accepts CIDCO's offer for physical infra

03 Jan 2022 CW Team

The Panvel City Municipal Corporation (PCMC) has accepted CIDCO's proposal to provide physical infrastructure and services in the Panvel civic area to itself.

The handover of services has been decided upon with effect from January 1, 2022. It was determined to sign the deal for the handover of services in the meeting between CIDCO and Panvel civic authorities held on December 27.

The civic body chief has asked CIDCO to achieve the ongoing civil works, guarantee all defunct streetlights are in working condition and assure that the STP's non-operational machinery are made functional.

Panvel Municipal Commissioner Ganesh Deshmukh urged the CIDCO Managing Director, Dr Sanjay Mukherjee, to stop imposing 'Service Charges' on the residents in CIDCO nodes under Panvel civic jurisdiction. Rebel BJP corporator from Kharghar, Leena Garad, who has filed a PIL in HC against PCMC imposing retrospective property tax and claiming double taxation burden on citizens by CIDCO and PCMC, told the media that all property owners in CIDCO nodes have paid to CIDCO, via the builders, power supply and infrastructure development costs, water resources development costs and drainage lines charges and sewerage treatment facility. Thus, the Panvel civic body must accept the handover of services from CIDCOonly after the basic infrastructure facilities are achieved by CIDCO.

Image Source

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..