Mumbai Metro Line 2B contractor fined Rs 1.5 crore for slow work

30 Oct 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has imposed fines totaling Rs 1.5 crore against J Kumar Infraprojects Ltd due to the slow progress of work on Metro Line 2B, which runs from D N Nagar to Mandale.

J Kumar Infraprojects was awarded the contract for Package L2B-C101, covering a 12.8-kilometer stretch that includes elevated viaducts and stations at locations such as ESIC Nagar, Prem Nagar, and Indra Nagar. MMRDA sources indicate that the contractor is significantly behind schedule, with only 67% of civil work completed against the target of 81%. Moreover, the laying of the viaduct, crucial for track installation, remains incomplete; the contractor was expected to lay nearly 1.8 kilometers of the viaduct but did not meet this benchmark.

The first penalty of approximately Rs 1.2 crore was levied in September, followed by a Rs 46 lakh fine in October. This is not the first instance of financial repercussions for J Kumar Infraprojects; on July 18, the Mumbai Metro Rail Corporation Ltd imposed a ?1 crore penalty for inadequate preparedness during monsoon conditions, which led to rainwater ingress on July 6 and 7. A second notice with a similar penalty was issued for another contract in the Phase I section, accumulating penalties of ?2 crore in July alone.

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..