GMDA Approves Rs 30B Budget for 2025-26 with Key Infrastructure Upgrades

28 Apr 2025 CW Team

The Gurugram Metropolitan Development Authority (GMDA) has approved a budget of Rs 30.34 billion for the fiscal year 2025-26, alongside infrastructure projects worth nearly Rs 9 billion to meet the city’s growing urban requirements. The approvals were made during the 14th GMDA board meeting chaired by Haryana Chief Minister Nayab Singh Saini on April 23.

A major highlight of the meeting was the green light for the construction of flyovers and underpasses at five congestion-prone junctions along the new metro corridor, including Railway Road Chowk, Sector 5 junction, Krishna Chowk, Rezang La Chowk, and the Old Delhi Road-Palam Vihar junction.

The GMDA has also approved the construction of five grade separators and an underpass at Bakhtawar Chowk to be carried out by GMRL as part of a 'deposit work' arrangement, which aims to expedite the execution process without delays.

To tackle stormwater drainage issues, Rs 700 million has been allocated for the reconstruction of key sections of the master drain network in Sectors 21, 22, and 23, covering over 4.2 km. The work will address structural failures caused by prolonged sewage exposure.

Additional approvals include Rs 1.1 billion for replacing a key pipeline from Basai Water Treatment Plant to Sector 16 and Rs 1.34 billion to upgrade a 15 km stretch of the city’s sewer line network. A Rs 418 million project has also been approved for a new road connecting NH-8 to Naurangpur between Sectors 78 and 80.

Image source: english.jagran

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..