Ashoka Buildcon JV Wins Rs 18.16 Billion BMC River Project

16 Dec 2025 CW Team

Ashoka Buildcon Ltd on Wednesday said its joint venture with Adani Road Transport and Aakshaya Infra has received a Letter of Acceptance worth Rs 18.16 billion from the Brihanmumbai Municipal Corporation for the Mithi River Development and Pollution Control Project (Package III).

The scope of work includes dry-weather flow interception at tidal outfalls, construction of transfer sewers, river training works, service roads, retaining walls and allied infrastructure. The project will be executed on a Design, Build and Operate basis and also includes a 10-year operations and maintenance component.

Under the joint venture structure, Adani Road Transport holds a 51 per cent stake and is the lead member, while Ashoka Buildcon owns 26 per cent and Aakshaya Infra holds the remaining 23 per cent. The design and construction phase is scheduled to be completed over 48 months, excluding monsoon periods, after which the long-term maintenance phase will begin.

The order strengthens Ashoka Buildcon’s infrastructure pipeline at a time when Mumbai is accelerating urban renewal, flood mitigation and river restoration projects. Ahead of the announcement, shares of Ashoka Buildcon closed 2.09 per cent lower at Rs 163.99 on the NSE.

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..