At its 39th annual general meeting (AGM) in Mumbai, Mukesh Ambani, Chairman of Reliance Industries (RIL) informed that the firm plans to invest Rs 1.5 lakh crore over the next three years. He remarked that the firm is investing the largest capital in India by any enterprise public or private, Indian or foreign and this is an expression of the faith of Relia
Tag: Mumbai
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Enabling environment holds the key
Logistics companies are slowly adopting best practices from around the world, helped by the ongoing efforts to modernise and create capacity in transportation and related infrastructure. M Gurunathan projects the growth for logistics in brick-and-mortar terms.
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PM asks SEBI to support fund flow to infrastructure
Securities and Exchange Board of India (SEBI) received a request from Prime Minister Manmohan Singh to promote infra debt funds (IDFs) in order to boost funding to the infrastructure sector.
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MPT asks Goa govt to hire 2 tugs
Mormugao Port Trust (MPT) asked the Goa government to hire two tugs of 100 ton each from Mumbai in order to tow away the oil tanker MT PratibhaBhima to a safe location in the Mormugao harbour. MPT feels that the two tugs along with the three tugs it already possesses could be used to guide the tanker safely to the harbour
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BMC’s plan to let locals park on one side of road
A new parking policy for Mumbai is being brought out by the Brihanmumbai Municipal Corporation (BMC) under which BMC plans to give permits to local residents to park vehicles on road. The BMC is compiling a list of roads where residents can park vehicles on one side of the road. They will then be given annual permits allowing them to park their cars there; no other vehicle can park on these roads. The BMC also plans to introduce barcodes on permits for on-street parking to help the traffic polic
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Mumbai’s Milan rail over-bridge to open shortly
In Mumbai, with the much-delayed Milan rail over-bridge set to open by next week, commuters in the western suburbs can have a smooth commuting. Mumbaikars wishing to cross over from SV Road to the Western Express Highway had to earlier use Milan subway Ćā a notorious flooding spot prone to congestion.
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Collapsed Sion-Dharavi bridge to be reconstructed soon
The collapsed Sion-Dharavi-Mahim bridge in Mumbai will be rebuilt by the the Brihanmumbai Municipal Corporation (BMC) at a cost of Rs 11 crore. The collapsed in 2011. Officials said work will begin after the monsoon.
The bridge that is to connect Tulsi Pipe Road to Bandra (E) junction will be tabled during the civic standing committee next week.
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Mumbai’s Grant Road skywalk to be opened soon
In Mumbai, the Grant Road skywalk will be ready for public use within a month. This is the second-last skywalk nearing completion in the Mumbai Metropolitan Region (MMR). Work on Grant Road skywalk has entered final stages.
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Progess in Mumbai’s Peddar Road flyover project
In Mumbai, construction of Peddar Road flyover has seen some progress as the Maharashtra State Road Development Corporation (MSRDC) has called for a project management consultant to supervise the work of the controversial project, said Bipin Shrimali, Vice-Chairman and Managing Director of MSRDC.
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Centre offers loan to Nhava-Sewri sea link project
In Mumbai, the Rs 9,630-crore sea link project to connect peninsular Mumbai with Navi Mumbai has moved a step closer to reality with the Centre offering a loan to the project's developer to cover any financial shortfall. Delayed by at least 10 years, work on the Nhava-Sewri sea link project, also known as Mumbai trans harbour link (MTHL), is now expected to start by the year-end or early next year.