MMRCL Plans 3 km Of Subways To Improve Metro 3 Connectivity

20 Nov 2025 CW Team

Mumbai Metro Rail Corporation Ltd (MMRCL), operator of the fully underground Metro 3 or Aqua Line, will construct two new subways to link stations on the route with major neighbourhoods and upcoming infrastructure projects, officials have said.

One subway will connect the Worli Science Centre station with the Mahalaxmi Racecourse, the Worli promenade and the Nehru Planetarium. The second will link the Bandra Kurla Complex (BKC) station with the Bullet Train terminal.

R. Ramana, Director at MMRCL, said an agency will soon be appointed to prepare the Detailed Project Report for the two pedestrian vestibules or subways, which will together span 3 kilometres. The same agency will also serve as the project management consultant during construction.

The Worli Science Centre subway will be 1.6 km long, providing direct access to the racecourse, the upcoming Coastal Road garden and a new commercial centre planned on the erstwhile Worli Dairy plot. An official said the State Urban Development Department will soon amend the Development Control and Promotional Regulations to change the land reservation of the Worli Dairy site to commercial use. The Mumbai Metropolitan Region Development Authority has already been designated as the planning body for the plot.

The subway at BKC will be 1.4 km long and will connect directly to the Bullet Train terminal. MMRCL officials said the cost of the two subways will be determined once the DPR is completed.

Infrastructure Urban

11 May 2026

India and EU Launch 15.2 Million Euro EV Battery Recycling Initiative

India and the European Union launched a third coordinated call for proposals on the recycling of electric vehicle batteries under the India-EU Trade and Technology Council Working Group two on five May 2026, with submissions due on 15 September 2026. The initiative is aimed at securing critical raw materials and accelerating the transition to a circular economy while deepening bilateral relations. The announcement was made by officials from the Office of the Principal Scientific Adviser and the European Commission. The call has a combined funding pool of 15.2 million euros (15.2 mn euros) and ..

Aptus Value Posts Strong FY26 Results And Asset Quality

Aptus Value Housing Finance India Limited on six May 2026 reported results for the quarter and year ended 31 March 2026. Assets under management (AUM) stood at Rs 131.07 bn, up 21 per cent year on year. The company said improved field execution and sustained demand supported the growth. Disbursements in the fourth quarter were Rs 12.42 bn, up 17 per cent year on year, and full year disbursements were Rs 40.09 bn, up 11 per cent. Total income for FY26 was Rs 22.46 bn, up 25 per cent, and net profit for the year was Rs 9.43 bn, a rise of 26 per cent. Quarterly net profit was Rs 2.61 bn. For the ..

R Systems Posts Nearly Thirty Per Cent Revenue Growth In Q1 2026

R Systems International Limited (R Systems) reported consolidated revenue of Rs 5,748 million (mn) for the quarter ended March 31, 2026, representing year-on-year growth of 29.9 per cent in rupee terms and 22.9 per cent in US dollar terms. Adjusted EBITDA was Rs 1,157 mn, or 20.1 per cent of revenue, and adjusted net profit after tax was Rs 758 mn, indicating margin expansion. Results reflected full-quarter consolidation of Novigo, which management said strengthened revenue and margins. Executives said the quarter reflected accelerating demand as mid-market enterprises moved from AI pilots to ..