Nashik Smart City Halts Development of 57 Roads Over Delays

02 Dec 2024 CW Team

The Nashik Municipal Smart City Development Corporation Ltd (NMSCDCL) has cancelled plans to develop 57 of the 197 proposed roads in the old city areas due to delays and unresolved issues. Initially, the project aimed to improve 197 major and minor roads spanning a total of 43 kilometers at an estimated cost of Rs 2.37 billion.

Under the Area-Based Development (ABD) initiative, the project focused on upgrading roads in older parts of the city, including Panchavati and Bhadrakali. However, only 140 roads covering 32 kilometers were completed, costing Rs 1.75 billion. The remaining 57 roads, measuring 11 kilometers, faced delays due to local resistance and contractors failing to secure necessary clearances.

An NMSCDCL official confirmed that the administration cancelled the incomplete projects during a recent board meeting. The initiative was designed to revamp the city's aging civic infrastructure, incorporating footpaths, utility conduits, water and stormwater lines, street furniture, traffic signage, landscaping, improved junctions, and smart bus stops. The cancellation marks a setback for efforts to modernize Nashik’s old city areas.

(TOI)

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..