MbPA To Lease 217 Acres For Rs 8 Billion Revenue Boost

14 Aug 2025 CW Team

The Mumbai Port Authority (MbPA) has announced plans to lease 28 land parcels spanning more than 217 acres along Mumbai’s eastern coastline, including Alibag, as part of its Eastern Waterfront initiative. The leases, offered for 30 years, are aimed at generating over Rs 8 billion annually for commercial and industrial purposes.

According to the notice issued by MbPA, the sites are located in Wadala, Sewree, Reay Road, P’Dmello Road, Colaba, Fort, Mazgaon, Sassoon Dock, Mallet Bunder, and near Thal beach in Alibag. The Expression of Interest (EOI), published on 11 August, lists 27 plots in Mumbai and one in Thal, Raigad district, with the submission deadline set for 11 September. The plots will be allocated strictly for industrial and commercial activities, with no residential use permitted.

The 28 plots include prime parcels such as a 22-hectare site at Princess Dock near the domestic cruise terminal; a 29-acre Wadala plot formerly occupied by Hindustan Petroleum Corporation Limited (HPCL); a 10-acre ex-Food Corporation of India (FCI) warehouse site in Wadala; 25 acres at the Sewree Timber Pond; and a cargo storage yard near the Mumbai Trans Harbour Link (MTHL). Several MbPA-owned buildings along the city’s eastern waterfront are also part of the offering.

As one of the largest landholders among state and central agencies, MbPA joins entities such as the National Textiles Corporation, Maharashtra government, Central government, and Indian Railways in owning extensive city land holdings.

MbPA was appointed as the Special Planning Authority for the 966-hectare Eastern Waterfront project in December 2018. A draft development plan prepared under then-chairperson Sanjay Bhatia was finalised but later placed in cold storage. The current leasing plan marks a significant step towards unlocking the economic potential of this underutilised waterfront.

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..