MbPA To Lease 217 Acres For Rs 8 Billion Revenue Boost
The Mumbai Port Authority (MbPA) has announced plans to lease 28 land parcels spanning more than 217 acres along Mumbai’s eastern coastline, including Alibag, as part of its Eastern Waterfront initiative. The leases, offered for 30 years, are aimed at generating over Rs 8 billion annually for commercial and industrial purposes.According to the notice issued by MbPA, the sites are located in Wadala, Sewree, Reay Road, P’Dmello Road, Colaba, Fort, Mazgaon, Sassoon Dock, Mallet Bunder, and near Thal beach in Alibag. The Expression of Interest (EOI), published on 11 August, lists 27 plots in M..
SCI Plans Rs 198.2 Billion Order For 26 India-Made Ships
State-owned Shipping Corporation of India (SCI), the nation’s largest shipping line, is preparing to purchase 26 India-built vessels worth Rs 198.2 billion (USD 2.3 billion) as part of a government initiative to strengthen the domestic shipbuilding industry, according to people familiar with the matter.The planned vessels will have a combined internal volume of 1.18 million gross tonnes, with deliveries staggered over several years. This move aligns with a broader procurement push by buyers in India’s petroleum and natural gas, steel, and fertiliser sectors. Together with SCI, they intend ..
Pataudi Highway Bypass To Open By 31 August
Commuters on the Pataudi Highway, particularly between the Dwarka Expressway and Wazirpur, are set to get relief as the National Highways Authority of India (NHAI) has confirmed that a seven-kilometre alternative stretch will be operational by 31 August. The under-construction segment is part of the 46.1 km Pataudi Highway project aimed at improving connectivity between Gurugram, Pataudi, and Rewari.The Rs 9.5 billion project is designed to offer a faster, congestion-free alternative to the existing Pataudi Road, which passes through Harsaru, Hayatpur, and Wazirpur. It includes 81 culverts, 23..
Latest Updates
