Mumbai Metro Line 9: Rahee Secures Track Work Contract

25 Sep 2023 CW Team

Rahee, a prominent player in the construction industry, has emerged victorious in securing the track work contract for Mumbai Metro Line 9, a major milestone in the city's expanding metro network. This development signifies a significant step forward in enhancing Mumbai's public transportation infrastructure. The contract, valued at approximately ?167 million, encompasses the design, supply, and installation of the rail tracks for Line 9. This metro line, once completed, will connect the northern and southern parts of Mumbai, easing congestion and reducing commute times for millions of residents.This achievement reaffirms Rahee's commitment to delivering high-quality infrastructure solutions and underscores their pivotal role in shaping the urban landscape of Mumbai. The Mumbai Metro Line 9 project is part of the city's larger vision to create a seamless and efficient public transportation system, contributing to its economic growth and improving the overall quality of life for its residents.

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..