RWITC Leases Mahalaxmi Racecourse for 30 Years

11 Jul 2024 CW Team

The Royal Western India Turf Club (RWITC) has secured a 30-year lease for the iconic Mahalaxmi Racecourse, covering 91 acres. This agreement ensures the continuation and development of one of Mumbai's most prestigious sporting venues.

The new lease agreement marks a significant milestone for RWITC, allowing it to maintain and enhance the racecourse?s facilities and operations. The extended lease provides stability and enables long-term planning for improvements and modernization efforts, ensuring the racecourse remains a premier destination for horse racing enthusiasts.

RWITC plans to invest in upgrading the infrastructure, including the stables, tracks, and spectator amenities. These enhancements aim to elevate the experience for visitors and participants, aligning with international standards.

The Mahalaxmi Racecourse, known for its rich history and cultural significance, will benefit from the renewed focus on development. The racecourse hosts numerous prestigious events, contributing to Mumbai?s vibrant sporting and social calendar. The lease renewal signifies a commitment to preserving this heritage while adapting to contemporary demands.

Securing the lease also has broader implications for the local economy. The racecourse generates employment opportunities and attracts tourism, supporting various businesses in the area. The ongoing development projects are expected to create additional jobs and boost economic activity.

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 ..