Navi Mumbai airport will relieve Mumbai airport

11 Jun 2024 CW Team

When the new Navi Mumbai airport (NMIA) opens in less than a year, Mumbai's overcrowded Chhatrapati Shivaji Maharaj International Airport (CSMIA) will get some relief, both airside and terminal-wise. Arun Bansal, CEO of Adani Airport Holding Ltd., stated at an event on Friday that a significant amount of airside space at CSMIA would be released by relocating certain hangars, general aviation infrastructure, and cargo facilities to NMIA. He mentioned that this relocation would enable the creation of airside infrastructure, although the prospect of having two parallel runways in Mumbai was dismissed many years ago. Bansal also referenced London Gatwick Airport's plans to have two airstrips by 2029, contrasting it with CSMIA, which currently operates as the world's busiest single-runway airport. In March, Karan Adani, Managing Director of Adani Ports, informed TOI that CSMIA's old Terminal 1 (T1; domestic) would be demolished a few months after the Navi Mumbai airport becomes operational, anticipated in March 2025. The demolition of old T1 would pave the way for a new terminal to be constructed within approximately three years from the commencement of construction work. Consequently, both terminal and airside capacities at CSMIA are expected to expand in the coming years. Bansal added that NMIA would offer a larger number of parking slots to general aviation (including charters and private planes) and freighters, with many being relocated from CSMIA to NMIA.

When the new Navi Mumbai airport (NMIA) opens in less than a year, Mumbai's overcrowded Chhatrapati Shivaji Maharaj International Airport (CSMIA) will get some relief, both airside and terminal-wise.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..