MMRDA Extends Rs.14,000 Crore Road Projects

10 Oct 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has granted a two-month extension for major road projects valued at Rs14,000 crore. These projects faced delays after construction giant Larsen & Toubro (L&T) challenged certain tender processes in the Bombay High Court. The legal challenge raised concerns about fairness and compliance, resulting in a pause on some key road developments. The extension is expected to provide additional time to resolve the legal issues and ensure that the projects, critical for improving road infrastructure across Mumbai and surrounding areas, proceed without further obstacles.

This extension is significant as it impacts projects meant to ease traffic congestion, improve connectivity, and boost economic growth in the region. MMRDA's decision aims to ensure smoother operations while addressing legal challenges posed by L&T. With urban expansion and infrastructure demands on the rise, these road developments are integral to the city's long-term planning. Despite the delays, the projects are expected to bring crucial improvements to the Mumbai Metropolitan Region's transport network.

The MMRDA is likely to use this period to engage with contractors, address legal stipulations, and streamline processes to avoid further hold-ups. This situation underscores the complexities involved in large-scale urban infrastructure projects, where legal, technical, and operational hurdles can lead to delays, affecting both public and private stakeholders. As the situation unfolds, the progress of these road projects will be closely watched, given their importance to Mumbai’s development.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..