SRM Contractors Wins Rs 4.83 bn Nashik Ring Road Package

13 Apr 2026 CW Team

The 14.02 km stretch lies between design chainage 14.950 km and 28.970 km and forms part of the proposed outer ring road that will encircle Nashik. The broader ring road is being implemented at an estimated cost of around Rs 76.13 bn including land acquisition and civil works. Authorities have positioned the corridor as a central component of the city’s infrastructure upgrade plan.

The initiative is linked to preparations for the Simhastha Kumbh Mela scheduled in 2027, with a target to make the corridor operational by March 2027. The timetable is aimed at ensuring the ring road can support the large influx of pilgrims and reduce pressure on the urban transport network. Completion of the corridor is expected to be a key factor in traffic management during the event.

The proposed alignment passes through DRDO Junction, Dindori Road, Gangapur Road, Trimbak Road and Vilholi, connecting major highways and enabling traffic to bypass congested inner urban areas. By diverting through traffic away from the city centre the ring road is intended to improve mobility for local residents and incoming visitors. Officials have noted that peripheral routes are critical in handling high-volume transit flows.

The package will be executed under the EPC model, which assigns responsibility for design, procurement and construction to the contractor and allows integrated execution across multiple segments. For SRM Contractors the contract adds to its existing order book and strengthens its presence in Maharashtra’s road construction sector. Progress in award and execution of packages will determine whether the corridor is delivered in time for the 2027 event.

SRM Contractors has been awarded a Rs 4.83 billion (bn) engineering, procurement and construction contract by the Maharashtra State Infrastructure Development Corporation for Package six of the Nashik Ring Road project. The package is for a 14.02 km stretch on the southern side of the 66.15 km corridor and is scheduled for completion within 12 months. The award was announced in the past week and is intended to expedite delivery ahead of major city events. The 14.02 km stretch lies between design chainage 14.950 km and 28.970 km and forms part of the proposed outer ring road that will encircle Nashik. The broader ring road is being implemented at an estimated cost of around Rs 76.13 bn including land acquisition and civil works. Authorities have positioned the corridor as a central component of the city’s infrastructure upgrade plan. The initiative is linked to preparations for the Simhastha Kumbh Mela scheduled in 2027, with a target to make the corridor operational by March 2027. The timetable is aimed at ensuring the ring road can support the large influx of pilgrims and reduce pressure on the urban transport network. Completion of the corridor is expected to be a key factor in traffic management during the event. The proposed alignment passes through DRDO Junction, Dindori Road, Gangapur Road, Trimbak Road and Vilholi, connecting major highways and enabling traffic to bypass congested inner urban areas. By diverting through traffic away from the city centre the ring road is intended to improve mobility for local residents and incoming visitors. Officials have noted that peripheral routes are critical in handling high-volume transit flows. The package will be executed under the EPC model, which assigns responsibility for design, procurement and construction to the contractor and allows integrated execution across multiple segments. For SRM Contractors the contract adds to its existing order book and strengthens its presence in Maharashtra’s road construction sector. Progress in award and execution of packages will determine whether the corridor is delivered in time for the 2027 event.

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..

Infrastructure Transport

30 May 2026

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..

Infrastructure Urban

30 May 2026

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..