Maharashtra Allocates Rs 170 Billion For Key Land Acquisitions

25 Jun 2025 CW Team

The Maharashtra government will release Rs 170 billion to speed up land purchases for nine major Maharashtra State Road Development Corporation schemes, including expressways and multimodal corridors. Chief Minister Devendra Fadnavis has ordered that all priority acquisitions finish by end-2025 to curb delays and cost overruns.

Acquisition for the Pune Ring Road and the Jalna–Nanded Expressway is nearing completion, while surveys are under way for the Virar–Alibaug multimodal corridor, the Shaktipeeth (Golden Triangle) Expressway, new Vidarbha highways and the Navgaon–Morgaon and Vadhwan–Samruddhi link roads.

The state has already sanctioned Rs 360 billion for land-related work: Rs 90 billion for Pune Ring Road, Rs 21.4 billion for Jalna–Nanded and Rs 220 billion for the Virar–Alibaug route. The new Rs 170 billion injection will be released in stages as acquisition progresses.

Mr Fadnavis told officials that any holdup would inflate costs and urged departments to avoid bureaucratic snags. Financing models—Public-Private Partnership or Build-Operate-Transfer—will be finalised only after land deals close.

On the Shaktipeeth Expressway, measurements are complete in 86 of 300 villages, with the remainder due by August. The route will link Nagpur, Mumbai and Goa, boosting both pilgrimage and trade traffic.

The finance department has been directed to disburse Rs 120 billion immediately, while the forest department must accelerate environmental clearances for ecologically sensitive stretches such as the Morbe–Karanja section of the Virar–Alibaug corridor.

Additional priorities include the Vadhwan–Igatpuri Expressway, several Vidarbha expressways (Bhandara–Gadchiroli, Nagpur–Chandrapur and Nagpur–Gondiya) and mineral and rail corridors at Navegaon–Surjagad and Wardha–Nanded.

Equipment

12 May 2026

Liebherr Excavators Win Red Dot Top Honour

Liebherr’s new A 909 Compact and A 911 Compact Litronic wheeled excavators have received the ‘Red Dot: Best of the Best’ award in the Product Design 2026 discipline of the Red Dot Award. The highest honour recognises visionary and exceptionally outstanding product design.The two models, first presented to the public last year, expand Liebherr’s wheeled excavator portfolio. With their compact structure, strong performance and user-oriented design, the A 909 Compact and A 911 Compact set new standards in the compact wheeled excavator segment.The new wheeled excavator series from Liebherr..

NYSE Expands Original Market Programming

The New York Stock Exchange offers a wide range of original programming focused on finance, markets and business leadership. Its Market Update provides a one-minute preview of equity moves, economic data and developments from NYSE-listed and private companies, including major milestones, partnerships and exchange launches.NYSE Live, its flagship morning show, features real-time market action, the Opening Bell, trading floor updates, company stories and interviews. The exchange also presents an Interview Series with industry leaders and innovators, while the Inside the ICE House podcast offers ..

Syrma SGS FY26 Revenue Rises 27%

Syrma SGS Technology reported strong financial performance for FY26, with revenue growing 27 per cent to Rs 48.19 billion. Operating EBITDA increased to Rs 5.45 billion, supported by stronger execution, positive operating cash flow and reduced net working capital days.Managing Director Jasbir Singh Gujral said FY26 was a strong year of execution for the company. Syrma SGS strengthened its presence across automotive, industrial, healthcare and defence verticals, while exports grew 41 per cent and crossed Rs 12 billion.The company also advanced its strategic growth plans through the consolidatio..