Navi Mumbai airport development begins after long delay

29 Apr 2022 CW Team

The stalled Navi Mumbai International Airport (NMIA) project has finally started, with major the challenges being cleared.

The City and Industrial Development Corporation (CIDCO) aims to complete the development works of the first phase of the airport by the end of 2024.

The project is being developed on 2,268 hectares of land, from which 1,160 hectares will have the actual airport. The expected cost of the project is Rs 16,700 crore.

Recently, Adani Group took over the project. The project had land acquisition, rehabilitation and resettlement challenges due to opposition from the locals for years.

The Adani Group concessionaire has demanded the acquisition of the entire project land before beginning the actual development.

Ten villages within the core airport area had to be shifted, affecting 3,000 families. Nearly 22.5% of the developing land and other incentives were offered to the project affected people (PAPs). The project also had environmental issues and permissions from the central and state governments, and changes in the concessionaire required new approvals.

Vice-Chairman and Managing Director of CIDCO, Sanjay Mukherjee, said, CIDCO and NMIAL acquired the project in 1997 and are now starting at full pace. CIDCO has completed land acquisition, rehabilitation and predevelopment civil works. It is one of the most vital steps toward the successful execution of the project.

He added that NMIAL had obtained all clearances and financial closure. CIDCO has handed over the site to NMIAL, which has commenced the work of the airport at full speed.

Image Source

Also read: Adani Group concludes financing for Navi Mumbai airport project

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..