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 Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..