BMC issues fresh tenders worth Rs 60.79 bn for road works

28 Nov 2022 CW Team

After cancelling road concreting tenders worth Rs 58 billion, the Brihanmumbai Municipal Corporation has invited fresh tenders worth Rs 60.79 billion, increasing the budget by Rs 2 billion crore. In the new tenders, the civic body specifies the use of ‘porous concrete’ (which absorbs or lets rain water percolate, releasing it in drainage) in key locations to avoid flooding during the monsoon.

Additional Municipal Commissioner (Projects) P Velrasu said, “Porous concrete will absorb rainwater within two minutes. We will use it on side straps, footpaths and above drainage lines so that water doesn’t collect on roads when it rains heavily.”

The BMC has issued three separate tenders for the city, eastern suburbs and the western suburbs. The earlier ones were scrapped because of poor response. These road concreting projects will be carried out in areas in the western suburbs like Santa Cruz East and West, Andheri East and West, Malad, Goregaon, Kandivali and Borivali.

Every year, especially during monsoon, the BMC is targeted over pothole-riddled roads, which have become the key point of contention considering the city will soon witness civic elections. Under the road concreting tenders, around 400 km of road network will be improved.

In fresh tenders, 71 km of road network is in the island city, for which nearly Rs 12.33 billion would be spent, while Rs 8.46 billion would be spent on 70 km of roads in the eastern suburbs and Rs 40 billion on concreting 275 km of roads in the western suburbs.

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..