Rs 850 Mn Tender Issued for Mumbai Coastal Road Operation & Maintenance

12 Mar 2025 CW Team

The Brihanmumbai Municipal Corporation (BMC) has issued a Rs 850 million tender for the operation and maintenance of the Mumbai Coastal Road Project for a five-year period. The tender, floated on March 10, covers various aspects of the 10.6 km-long high-speed corridor, which has been maintained by the BMC since its inception. Responsibilities have included repairing damaged road sections, maintaining the twin tunnels, and handling other related operations.

Under the new tender, the selected contractor will be responsible for routine inspections, maintaining the fire-fighting system, towing services, deploying patrolling vans, marking vehicular lanes, and repainting and maintaining existing road signs. The funding for this maintenance work will come from the annual allocation to the coastal road department in the BMC’s budget. The decision to introduce a dedicated tender for these activities aims to streamline operations and ensure efficient fund utilization.

While the contractor will handle most maintenance responsibilities, the upkeep of the tunnel ventilation system and the uninterrupted power supply (UPS) system will continue under BMC's supervision for the next two years. After this period, these responsibilities will be transferred to the contractor through a separate tender process.

Any additional work that may arise beyond the current contract’s scope will be incorporated into future tenders. This approach is intended to prevent cost escalations within the current agreement while allowing for necessary revisions in subsequent contracts.

News source: The Indian Express

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..