Apurvakriti Wins Contract for Mumbai Metro Line-4 Track Work
This contract's tracks (Package CA-161) will be installed on the 15.77 km northern portion of Line 4 & 4A between Mulund Fire Station and Gaimukh. A tender notice is currently pending for Line-4's southern leg (Wadala - Mulund Fire Station).
The Mumbai Metropolitan Region Development Authority (MMRDA) had invited bids for this contract in January 2023, with an undetermined budget and a two-year installation deadline. In March, technical bids were opened, revealing five bidders.
Financial Bid Values
Brief Scope: Design, Construction, Manufacturing, Supply, Installation, Testing and Commissioning of Ballastless Trackwork in Mainline from Mulund Fire Station Ch. 18929.611 M to Gaimukh Ch. 34702.272 M including Siding Tracks of Gaimukh Station
Jindal Steel & Power Ltd. (JSPL) was deemed the lowest bidder in February for the supply of 9800 MT of head-hardened rails. A re-tender notice for Line-4's 234 coach rolling stock contract, which was terminated by Alstom Transport in early 2022, is still pending.
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
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