PM Modi to unveil segment of Coastal Road

02 Feb 2024 CW Team

It has been announced that Prime Minister Narendra Modi is set to inaugurate a partial stretch of the ambitious coastal road project by the Brihanmumbai Municipal Corporation (BMC) on February 9. Originally, the groundbreaking ceremony was intended to be led by Shiv Sena UBT chief Uddhav Thackeray, but the swift inauguration by the Bharatiya Janata Party (BJP) has raised concerns, especially with the upcoming Lok Sabha elections and the enforcement of the election code of conduct.

As per reports, the inaugurated segment will be the southbound stretch from Worli to Marine Drive. The coastal road, spanning from Princess Street in Marine Drive to the Worli end of Bandra-Worli Sea Link, addresses the long-standing issue of traffic congestion. It is anticipated to be operational from Monday to Friday, between 8 am to 8 pm, with closures on weekends to facilitate ongoing construction. Chief Minister Eknath Shinde rejected the proposed toll of Rs 85 for using the coastal road.

The total project cost of Rs 139.84 billion includes a construction cost of Rs 93.84 billion, with the remaining funds allocated for administrative charges, physical infrastructure, water and sewerage facilities, cost contingencies, supervision, compensation for mangroves, and the relocation of utilities. The project's overall progress currently stands at 84 percent.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..