India Seals Rs 50.83 bn Defence Deal For ALH Mk-III And Shtil

10 Mar 2026 CW Team

India has finalised a defence procurement valued at Rs 50.83 billion (bn) aimed at strengthening aerial and maritime capabilities. The package covers Advanced Light Helicopter Mark III and Shtil shipborne missile systems. The move reflects a continued focus on modernisation of forces and onshore maintenance capacities. The procurement is expected to support operational readiness and to stimulate maintenance and supply chain ecosystems tasked with sustaining the platforms.\n\nThe Advanced Light Helicopter Mark III is expected to enhance rotary wing operations across multiple roles including surveillance, transport and casualty evacuation. The procurement emphasises platform versatility and lifecycle sustainment as priorities for the services. Officials indicated that acquisition timelines and delivery schedules will align with operational readiness goals. Emphasis on lifecycle sustainment includes provisions for upgrades and for commonality to reduce long term support costs.\n\nThe Shtil missile component is intended to augment shipborne defensive measures against aerial threats and to improve fleet survivability. Integration work will require coordination between platform and weapon system teams and will involve adaptations to existing shipboard systems. Training and logistics provisions form part of the overall package to ensure seamless induction. Joint training programmes and interoperability testing are included to accelerate induction and to ensure cohesive operational integration.\n\nAt the stated value of Rs 50.83 bn the acquisition represents a significant capital outlay for defence modernisation while signalling procurement continuity. Analysts suggest such investments aim to balance indigenous capability development with selective imports to address capability gaps. The contract is likely to shape near term force structure decisions and sustainment planning across maritime and aerial domains. Budgetary prioritisation and oversight mechanisms are expected to govern delivery and expenditure to secure value for money over the asset life.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..