Metro 3 Navy Nagar Extension Awaits Government Nod

02 Jul 2025 CW Team

The Mumbai Metro Rail Corporation (MMRC) finished its detailed project report in November 2023 for extending the underground Metro 3 corridor by five kilometres to Navy Nagar, yet the plan still awaits clearances from the state government and MMRC’s own board. First announced in the 2022‑23 Budget by then deputy chief minister Ajit Pawar, the two‑and‑a‑half‑kilometre spur in each direction was requested by the naval authorities to serve the densely populated enclave of government staff housing and surrounding communities.

MMRC officials say construction of the new segment will begin only after the main 33‑kilometre Colaba‑BKC‑SEEPZ line is fully operational. At present, 22 kilometres between Aarey and Bandra‑Kurla Complex are open, while trial runs, finishing works and integrated tests continue on the remaining stretch to Cuffe Parade and Colaba.

Once complete, Metro 3 will weave together six business districts, 30 office clusters, 12 universities and colleges, 11 major hospitals, 10 transport hubs and 25 religious or leisure landmarks, while also linking both airport terminals. It will bring rail‑based transit to neighbourhoods such as Kalbadevi, Nariman Point and BKC, which currently rely on congested roads.

The corporation estimates that 85 per cent of riders will switch from private road travel, trimming daily traffic by about 0.45 million vehicle trips at launch and roughly 0.65 million as capacity climbs.

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..