State govt releases Rs 2.50 bn for Pune Ring Road project

25 Aug 2022 CW Team

The Maharashtra government has allocated Rs 2.50 billion for the land acquisition of the Pune Ring Road project, Chief Minister Eknath Shinde announced this week. The project is being executed by the Maharashtra Road Development Corporation (MSRDC).

The land acquisition will be carried out in 83 villages in six talukas of Pune district. The state government has set a budget of Rs 15 billion for this project.

“The state government has handed over Rs 250 crore for the Pune ring road project. The district administration has begun land measurement,” said Shinde.

Pune district collector Rajesh Deshmukh said, “90 per cent of measurement work has been completed. We have already initiated valuation process from the villages where measurement is done.”

The MSRDC is expecting the tender process to be completed soon, and work on the ring road will commence in the next two months. It will be completed in 24 months, said officials.

After the Maha Vikas Aghadi (MVA) government stepped down and the Shinde-Fadnavis government came to power, there were questions about the project getting scrapped, as the new government had put a stop to various projects initiated by the MVA. Since the CM allocated the funds, it is clear the ring road project will finally see the light of day.v The 170-km Pune Ring Road will be an eight-lane express highway catering to vehicle speeds of 120 km per hour. According to the MSRDC, the ring road will split the city and the highway traffic, and help reduce vehicular pollution.

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..

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..

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..