MMRDA Seeks Rs 5.50 Bn Property Tax Waiver on Metro Yards and RMC Plants
The Mumbai Metropolitan Region Development Authority (MMRDA) has requested the State Urban Development Department to direct the Brihanmumbai Municipal Corporation (BMC) to waive Rs 5.50 billion in property tax levied on temporary casting yards and Ready Mix Concrete (RMC) plants set up by Metro contractors. This request follows a letter sent by the BMC in December 2024, demanding recovery of the pending dues.J Kumar Infraprojects was allotted seven plots by MMRDA across various BMC wards—H/East (Santacruz), H/West (Bandra), K/East (Andheri), P/North (Malad), and M/West (Chembur)—to establi..
Bridging the Gap
India’s bridge infrastructure market is poised for significant growth, projected to rise from $ 42.16 billion in FY2024 to $ 68.26 billion by FY2032, registering a compound annual growth rate (CAGR) of 6.21 per cent, according to Markets & Data. This upward trajectory is bolstered by an 11.1 per cent increase in capital infrastructure spending this year, taking the total allocation to Rs 11.11 lakh crore (~$ 133 billion).“Policy reforms and institutional frameworks have emerged as key accelerators in India’s bridge construction landscape, streamlining execution, enhancing resilience ..
We are among the global top 3 in tech adopti
As energy gains global importance, L&T has built a strong presence across hydrocarbons, power, renewables and green technologies. With energy contributing significantly to its revenues, the company is now focused on sustainability and future readiness. In conversation with PRATAP PADODE, Editor-in-Chief, CW, Subramanian Sarma, Deputy Managing Director & President, L&T outlines the company’s strategy for transition, talent and technology.With energy becoming increasingly vital and a key contributor to L&T’s revenues, how do you see the segment evolving?We’ve been..
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