Metro Moves: From Expansion to System Integration
MMRDA: Engineering Mumbai’s Underground Future
Somewhere beneath Mumbai’s restless surface, a second city is being built into existence.In the late afternoon, as the day leaned towards evening, Dr Sanjay Mukherjee, Metropolitan Commissioner (MMRDA), led us into a realm that very few ever enter—the active heart of one of Mumbai’s most ambitious underground road projects. While the city surges forward in familiar chaos above the ground, another Mumbai is taking shape below: quietly, methodically, irrevocably. The metal lift doors clo..
Steel: Shielded or Strengthened?
Going forward, domestic steel mills are targeting capacity expansion of nearly 40 per cent through till FY31, adding 80-85 mt, translating into an investment pipeline of $ 45-50 billion. So, Jhunjhunwala points out that continuing the safeguard duty will be vital to prevent a surge in imports and protect domestic prices from external shocks. While in FY26, the industry operating profit per tonne is expected to hold at around $ 108, similar to last year, the industry’s earnings must meaningfully improve from hereon to sustain large-scale investments. Else, domestic mills could..

