Versova-Dahisar project costs surge to Rs 359.55 billion in 6 months

05 Feb 2024 CW Team

According to the budget speech, the BMC commissioner announced that the total cost of the Versova-Dahisar Project has reached Rs 359.55 billion. However, it was mentioned that when tenders for the project were floated in August the previous year, the cost was estimated at Rs 166.21 billion. Officials clarified that the apparent increase in price is not due to any escalation, but rather, when the tenders were initially floated, the cost did not include GST and various other ancillary expenses. These additional costs have now been incorporated into the total specified in the budget speech.

The alignment of this project, extending from the Versova Interchange to the Dahisar Interchange of the Mumbai Coastal Road Project, was highlighted. Additionally, a proposed elevated GMLR connector from the Mindspace Malad Junction on the Coastal Road to the starting point of GMLR in Goregaon East was mentioned. This connector aims to link the southern tip and western suburbs of Mumbai with Mulund and Thane.

The development of this project is based on a design and build approach. Given its extensive length, traversing diverse terrains such as mangroves and creek areas, crossing a metro depot, and involving various components requiring specialised expertise, the project has been divided into six packages.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..