LKT – Enia JV Wins Mumbai Metro Line-12’s Design Consultant Work
The Mumbai Metropolitan Region Development Authority (MMRDA) plans to build Line-12 as a southern elevated extension of the partially completed 24.95 km Line-5 (Thane - Bhiwandi - Kalyan) at a cost of Rs 4,132 crore.
MMRDA has invited proposals for this consultant contract in December 2022, with an estimated cost of Rs. 11.28 crore and a contract length of four years. In March, technical bids were opened, revealing six bidders.
Egis Rail - Egis India JV and MM S.p.A - SMEC JV were disqualified for failing to present papers required to meet the minimum work experience eligibility criteria.
Financial Bid Values
MMRDA’s Brief Scope: Engagement Of Detail Design Consultant DDC for Architectural and Building Services Including E And M Works And Civil Works For Depot, Stations, Staff Quarters, Occ and Auxiliary Structures for Metro Line 12 Kalyan-Taloja Of MMRDA
Ganesh Nagar, Pisvali Gaon, Golavali, Dombivli MIDC, Sagaon, Sonarpada, Manpada, Hedutane, Kolegaon, Nilaje Gaon, Vadavali, Bale, Waklan, Turbhe, Pisarve Depot, Pisarve, Taloja are among the 17 stations proposed.
The LKT-Enia JV's bid of Rs. 6.51 crore was significantly lower than MMRDA's estimate of Rs. 11.28 crore, implying that a contract should be awarded in the next weeks without a lengthy financial bid evaluation phase.
Line-10 and Line-12's General Consultant contract was awarded to SYSTRA MVA Consulting - DB Engineering & Consulting JV in December 2022. In May, 11 construction firms filed 19 proposals for the civil construction of the line, which was divided into two packages: CA-195 (Kalyan - Kolegaon) and CA-186 (Kolegaon - Taloja).
Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan
Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..
Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli
Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..
UPI Crosses 500 Million Users, Fuels MSME and Digital Growth
The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..
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