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Thane Coastal Road Completion Expected
The Thane Coastal Road project, linking Balkum to Gaimukh, is slated for completion by 2028, marking a significant milestone in Mumbai's infrastructure development. This ambitious project, undertaken to alleviate traffic congestion and improve connectivity in the Thane region, is expected to transform the commuting experience for residents and boost the local economy. The 12 km long coastal road will provide an alternative route to the congested Ghodbunder Road, enhancing travel efficiency and reducing travel time. The project is being developed by the Thane Municipal Corporation (TMC) and is ..
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Maharashtra Clears Reliance Metro Debt
The Maharashtra government is poised to clear a significant debt of Rs 1,700 crore owed by Reliance Infrastructure's subsidiary, Mumbai Metro One Pvt Ltd (MMOPL). This financial relief comes as a crucial step to support the operations and expansion of Mumbai's metro network. The decision underscores the government's commitment to improving urban transportation and easing the financial burden on private operators involved in public infrastructure projects. Mumbai Metro Line 1, operated by MMOPL, has been instrumental in decongesting the city's roads and providing a reliable mode of transportati..
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India's Coal Imports Increase by 5% to 52 Million Tonnes in April-May
India's coal imports increased by 5.3% to 52.29 million tonnes (MT) in the first two months of the current fiscal year compared to the same period last year. The data, compiled by mjunction services, indicated that the country had imported 49.62 MT of coal in April and May of FY24. However, there was a slight decline in coal imports in May, dropping to 26.19 MT from 26.57 MT a year earlier. According to mjunction services ltd, there was a decrease of 1.43% compared to the 26.57 MT imported in May 2023. Vinaya Varma, MD and CEO of mjunction, mentioned that demand for imports is likely to sta..