PMC’s riverfront development project gains traction

22 Nov 2021 CW Team

The Pune Municipal Corporation's riverfront development project, which is modelled after the Sabarmati riverfront development project, has piqued the interest of twelve companies.

In October, tenders worth Rs 360 crore were issued for the first phase. Due to a cost increase of around Rs 2,000 crore, the project is facing opposition. Activists and environmentalists have raised concerns about the project, claiming that it could result in flooding. They also claimed that cost-escalation occurred without proper public input.

On Wednesday, the tenders were released. Work will start five years after the announcement was made.

A senior PMC associated with the project, Mangesh Dighe, told the media that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known. Dighe said that the tender received a lot of positive feedback. A total of 12 companies have expressed an interest. After a fortnight, when the deadline expires, the final figure will be known.

The first phase will be completed from Sangam Ghat to Bund Garden, according to the tenders. Beautification of the banks, cycle paths, and Naik Island are all part of the project. This phase also includes a boating activity. Greenery will be developed on the tracks to maintain the temperature, according to the proposal. The project will be completed in 11 phases in total.

Image Source

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..