Navi Mumbai airport ahead of schedule, confident for Dec 2024 launch

02 Jan 2024 CW Team

"We're ahead of schedule at the airfield, with just a small hill left," stated a representative from Navi Mumbai International Airport Ltd (NMIAL). The airfield, comprising a runway, taxiway, apron, and more, is 60 per cent complete, with the runway reaching 70 per cent. The hill's demolition involves joint efforts by MIAL and Cidco, with Cidco's part expected to be completed by mid-January, overcoming earlier delays. NMIAL, a subsidiary with MIAL holding 74 per cent, is confident about meeting the December 2024 timeline for commercial operations, targeting an initial capacity of 20 million passengers. Despite delays reported by Capa India, NMIAL remains optimistic, with ongoing talks with airlines for operations and plans for future phases.

The spokesperson highlighted the importance of completing the initial phase before financial closure for subsequent phases and addressed concerns about connectivity, stating that delays in infrastructural projects like the Ulwe Coastal Road won't hinder connectivity but acknowledged it won't be "ideal." The Navi Mumbai Airport aims to alleviate congestion at Mumbai's international airport, targeting a capacity of 60 million passengers in the next few years. The airport is set to be ready for DGCA inspections from September onwards and plans to start operations in the winter schedule of 2024. In contrast to Mumbai International Airport's second terminal, the under-construction Navi airport may differ with a lotus-themed interior, increased space for private jets, higher parking fees for fossil-fuel-based vehicles, and a focus on digital art, as emphasised by the spokesperson.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..