Bombay HC Approves Navi Mumbai’s Cycle Track Along Palm Beach Road

28 Feb 2025 CW Team

The Bombay High Court has granted the Navi Mumbai Municipal Corporation (NMMC) permission to move forward with its proposed cycle track and area development project along Palm Beach Road.

The project, designed to promote eco-friendly transportation and improve public health, had been contested by the Bombay Environmental Action Group (BEAG) due to its partial location within the Coastal Regulation Zone (CRZ) and mangrove buffer areas. However, the court ruled in favour of the project, recognising its public utility and its minimal impact on the mangroves.

NMMC had proposed the ?13,90,83,934 project in 2021, which will span both the service road and the main lane of Palm Beach Road in Nerul. The corporation sought court approval, emphasising that the project would encourage a healthy, eco-friendly mode of transport for daily commuters.

After obtaining the necessary clearances from the Maharashtra Coastal Zone Management Authority (MCZMA), the Chief Conservator of Forests (Mangrove Cell), and the State Environmental Impact Assessment Authority (SEIAA), NMMC clarified that the project would be situated on the landward side of the road, making it permissible under the CRZ-II category.

Despite opposition from BEAG, who argued that the project was not allowed within CRZ-II, the court found the objection unsustainable. "This project serves public utility purposes and doesn’t harm the mangroves," stated the court.

The court also noted that safeguards had been imposed by the MCZMA, SEIAA, and the forest department, allowing NMMC to proceed. The project aims to alleviate congestion by creating a dedicated cycle lane and improve connectivity across Navi Mumbai.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..