Mumbai Urban Transport Project receives Rs 5.79 bn from Indian Railways

05 Feb 2019 CW Staff

The Indian Railways has been reportedly allotted funds for improving the suburban rail system and its expansion in Mumbai. The Indian Railways has sanctioned Rs 5.79 billion for various phases of Mumbai Urban Transport Project (MUTP). The funds have been reportedly approved for the ongoing projects along with the expansion of suburban rail.

These projects fall under MUTP and the remaining half of the sanctioned Rs 5.79 billion is expected to be provided by the Maharashtra Government. The MUTP-3A, which is worth Rs 547.7 billion, has reportedly received funds of Rs 500 million. These include new rail corridors of a fast line between CSMT-Panvel, Panvel-Virar, extending harbour line on Goregaon-Borivali stretch, five-six lines on Borivali-Virar, three-four lines on Kalyan-Badlapur and fourth line on Kalyan-Asangaon. It is touted to be the largest funded rail project ever in the history.

Also, by the end of February, the MUTP-3A is expected to get a clearance from the cabinet of ministers. This being the last stage, the work on the multi-million project is expected to commence soon.

Rs 2.45 billion has been reportedly sanctioned for projects that have been going on for over a decade under MUTP-2 . These include Thane-Diva five-six lines, sixth line between Mumbai Central-Borivali and five-six lines between Kurla-CSMT. All these lines will segregate suburban trains from long distance ones.

Besides, MUTP-3 has got Rs 2.84 billion, which will be in addition to Rs 5.19 billion that was received last year in the budget.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..