Mukesh Ambani-backed smart city near Delhi-NCR sees huge expansion

19 Apr 2024 CW Team

Mukesh Ambani, the current wealthiest individual in India and Asia, boasts an immense net worth of Rs 1.28 trillion. His company, Reliance Industries, presently holds the title of the most valuable company in India, with a market capitalization of Rs 19.830 trillion. Under the leadership of Mukesh Ambani, Reliance Industries operates across various sectors through its subsidiaries. One such subsidiary, known as Model Economic Township or MET City, is in the process of constructing a smart city from the ground up near the national capital region.

The new greenfield city is under development in Haryana?s Jhajjar, near Gurugram, an economically significant area within the Delhi NCR region. Presently, it houses major corporations such as Nihon Kohden, Panasonic, Denso, and T-Suzuki. Notably, for the fiscal year ending March 2024, it has reported impressive growth figures. The subsidiary, MET City, has received a total booking value of Rs 19.13 billion. In the fiscal year 2023-2024, Reliance Industries's MET City witnessed bookings for plots amounting to 1079. Among these bookings, Rs 10.04 billion originated from the residential segment, while Rs 8.96 billion stemmed from the industrial segment. Situated across 8,250 acres in Jhajjar district near Gurugram, Haryana, MET City is Mukesh Ambani's brainchild.

Additionally, Mukesh Ambani's smart city project near Delhi-NCR accommodates Saab?s new weapon manufacturing plant, where the Carl-Gustaf M4 weapon will be produced. At this new facility, Saab plans to deploy advanced technologies, including the latest sighting technology and advanced carbon fibre winding, for manufacturing the Carl-Gustaf M4 intended for the Indian armed forces, as well as components that may be integrated into other users? systems.

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..