Centre Approves Rs 45 Bn 6-Lane Highway Project Connecting JNPT to Chowk

20 Mar 2025 CW Team

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the construction of a six-lane access-controlled greenfield high-speed national highway, linking Jawaharlal Nehru Port Authority (JNPA) in Pagote to Chowk in Maharashtra. The Rs 45 billion project will be developed under the Build-Operate-Transfer (BOT) model.

At present, congestion in urban areas such as Palaspe Phata, D-Point, Kalamboli Junction, and Panvel causes delays of 2-3 hours for vehicles moving from JNPA Port to the Golden Quadrilateral (NH-48) and the Mumbai-Pune Expressway. The new highway will provide seamless connectivity between JNPA, NH-48, the Mumbai-Pune Expressway, and NH-66 (Mumbai-Goa National Highway), significantly improving freight movement.

The infrastructure boost comes ahead of the operationalisation of Navi Mumbai International Airport in 2025, addressing the increasing demand for direct road connectivity in the region. The highway is expected to enhance port connectivity, improve logistics efficiency, and drive economic growth in the Mumbai-Pune corridor.

Government Approves Rs 106 billion Urea Plant in Assam The Cabinet also sanctioned the establishment of a Rs 106 billion urea plant in Assam as part of its strategy to reduce fertilizer imports and strengthen India’s self-sufficiency in agricultural inputs.

The new brownfield Ammonia-Urea Complex at Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) in Namrup will have an annual production capacity of 12.7 lakh tonnes of urea. Developed through a joint venture (JV) with a 70:30 debt-equity ratio, the project is scheduled for commissioning within 48 months.

This initiative aligns with the government’s long-term vision of ensuring agricultural security and reducing dependency on foreign imports

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..