Mumbai tunnel project: L&T, J Kumar Infraprojects JV submit bids
Larsen & Toubro and J Kumar Infraprojects – NCC JV are the only 2 bidders for the 4.46 km Orange Gate – Marine Drive tunnel project’s construction in Mumbai.
Alignment of Marine Drive – Orange Gate
tunnel in yellow – via MMRDA’s tender document
The Orange Gate – Marine Drive tunnel is a proposed road tunnel in Mumbai, India. The tunnel will connect the Eastern Freeway and Marine Drive, and is expected to reduce travel time between the two points by 10 minutes. The tunnel will be 3.8 kilometers long and will have two lanes in each direction. It will be built under 30 meters below the Grant Road and Girgaum stations of Metro 3.
The tunnel is being developed by the Mumbai Metropolitan Region Development Authority (MMRDA) and is expected to cost ₹6,500 crores (US$850 million). Construction is expected to begin in 2023 and be completed in 2027.
Project profile south-west of Eastern Freeway – via MMRDA’s tender docs
The tunnel is one of several projects that are being undertaken by the MMRDA to improve traffic congestion in Mumbai. Other projects include the Mumbai Coastal Road, the Santa Cruz – Chembur Link Road, and the Bandra – Worli Sea Link.
The Orange Gate – Marine Drive tunnel is expected to be a major relief for motorists in Mumbai. It will provide a direct link between two important traffic arteries, and will help to reduce congestion on the roads that currently connect the two points. The tunnel is also expected to boost economic activity in the city, as it will make it easier for people to travel between the two areas.
KEC International Wins New Orders worth Rs. 12.36 Billion
KEC International, a global infrastructure EPC major and an RPG Group Company, has secured new orders worth Rs. 12.36 billion (bn) across various sectors.Transmission & Distribution (T&D):KEC has secured transmission line and substation orders in the Middle East (UAE and Kuwait) and a substation order from a private TBCB player in India.Civil:A residential project order from a leading private developer in Western India strengthens KEC’s presence in the civil sector.Transportation:The company has also secured an order in the prestigious Train Collision Avoidance System (TCAS) segment ..
Finance Minister to Launch NITI NCAER States Economic Forum Portal
Union Finance Minister Nirmala Sitharaman is set to launch the "NITI NCAER States Economic Forum" portal on 1st April 2025 in New Delhi. Developed collaboratively by NITI Aayog and the National Council of Applied Economic Research (NCAER), the portal will serve as a comprehensive repository of economic, social, and fiscal data spanning over 30 years (1990-91 to 2022-23). Key Features of the Portal The platform is structured into four main components: State Reports: Provides macro and fiscal overviews of 28 Indian states, featuring data on demography, economic structure, socio-economic indic..
IREDA’s Loan Sanctions Surge 27% to Rs 474.53 Bn in FY 2024-25
The Indian Renewable Energy Development Agency Limited (IREDA) has reported a 27% increase in loan sanctions, reaching Rs 474.53 billion for FY 2024-25, as per provisional data. Loan disbursements also saw a 20% rise to Rs 301.68 billion, up from Rs 250.89 billion in the previous fiscal year. Additionally, the outstanding loan book expanded by 28%, standing at Rs 762.5 billion as of March 31, 2025, compared to Rs 596.98 billion in FY 2023-24. IREDA’s Commitment to Renewable Energy Growth Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, emphasized the company’s commitment to t..
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