MSRDC to raise Rs 360 billion for infrastructure projects
ROADS & HIGHWAYS

MSRDC to raise Rs 360 billion for infrastructure projects

The Maharashtra State Road Development Corporation (MSRDC) has approved a Rs 356 billion loan to pay for land acquisition compensation. The decision will give a significant boost to the Virar-Alibaug multi-modal corridor and the Pune ring road projects.

It will also expedite other major projects, such as the Jalna-Nanded Expressway, because land for it will be acquired through the same fund.

The first phase of the Virar-Alibaug corridor will be 98.5 kilometres long, with 1,000 ha of land acquired, as well as 2,000 ha for the 173-kilometer Pune ring road and the 180-kilometer Jalna-Nanded expressway.

The Virar-Alibaug project will cost Rs 550 billion in total, with the land alone costing Rs 220 billion.

Also read:
Kolte Patil to get Rs 2.06 bn cash infusion from Marubeni Corp
Taurus, Sage Capital to raise Rs 5 bn real estate fund

The Maharashtra State Road Development Corporation (MSRDC) has approved a Rs 356 billion loan to pay for land acquisition compensation. The decision will give a significant boost to the Virar-Alibaug multi-modal corridor and the Pune ring road projects. It will also expedite other major projects, such as the Jalna-Nanded Expressway, because land for it will be acquired through the same fund. The first phase of the Virar-Alibaug corridor will be 98.5 kilometres long, with 1,000 ha of land acquired, as well as 2,000 ha for the 173-kilometer Pune ring road and the 180-kilometer Jalna-Nanded expressway. The Virar-Alibaug project will cost Rs 550 billion in total, with the land alone costing Rs 220 billion. Also read: Kolte Patil to get Rs 2.06 bn cash infusion from Marubeni Corp Taurus, Sage Capital to raise Rs 5 bn real estate fund

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?