Mumbai's Underground Metro Project to Finish by June 2024

18 May 2023 CW Team

The ambitious Aqua Line 3 project, a 33.5 km underground metro route connecting North and South Mumbai, is expected to be completed by June 2024. The project, running along the Colaba-Bandra-SEEPZ corridor, will link major financial hubs such as Nariman Point, Bandra-Kurla Complex, Fort, Worli, Lower Parel, and Goregaon. The Mumbai Metro Rail Corporation Ltd (MMRCL), the nodal agency overseeing the project, anticipates that the first phase, spanning from Aarey to Bandra-Kurla Complex, will be ready by December. The second phase, covering Bandra-Kurla Complex to Cuffe Parade, is projected for completion by June 2024.

The Aqua Line 3 project is estimated to cost approximately Rs. 330 billion and has received funding from various sources, including the Japan International Cooperation Agency (JICA). Senior officials from JICA recently visited the under-construction MIDC station of Aqua Line 3 to assess the progress. JICA has provided Official Development Assistance of about Rs. 127.50 billion for the project thus far.

Upon completion, the fully underground North-South metro corridor will comprise 27 stations and interchange points linking with Mumbai's suburban railway, Monorail, and existing Metro lines (Metro-1, Metro 2B, and Metro 6). The project is expected to cater to over 1.6 million daily commuters, significantly reducing travel time in the congested city.

As per the latest update from MMRCL, Phase 1 construction progress between Aarey and Bandra-Kurla Complex stands at 87%, with station construction nearing 93% completion. Phase 2, covering Bandra-Kurla Complex to Cuffe Parade, is approximately 77% complete, with station and tunnel work reaching 95% completion.

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..