Mumbai, July 10 (IANS) Reliance Infrastructure Limited on Friday said its subsidiary Mumbai Metro One Private Limited (MMOPL) has entered into a debt restructuring agreement with the National Asset Reconstruction Company Limited (NARCL), resulting in a debt reduction of more than Rs 1,100 crore and the withdrawal of insolvency proceedings against the company.In a regulatory filing, Reliance Infrastructure said MMOPL — a joint venture in which it holds a 74 per cent stake and the Mumbai Metropol…
Latest MMRDA News & Updates
Mumbai, July 8 (IANS) Striking an aggressive tone on future economic growth, Chief Minister Devendra Fadnavis on Wednesday unveiled a historic capital expenditure blueprint for the Mumbai Metropolitan Region (MMR). Responding to the debate on a motion moved by treasury bench members under Rule 293 in the State Assembly, the Chief Minister announced that a massive Rs 12,26,871 crore ($147 billion) has been earmarked for infrastructure and development projects across the MMR and its decentralised …
Mumbai, May 18 (IANS) With the onset of the southwest monsoon approaching, the Mumbai Metropolitan Region Development Authority (MMRDA) has initiated an extensive multi-tier monsoon preparedness and emergency-response framework across all ongoing metro and infrastructure projects in the Mumbai Metropolitan Region.Recognising the critical importance of uninterrupted urban mobility, construction safety, drainage management and emergency responsiveness during the monsoon season, MMRDA has placed st…
New Delhi, May 2 (IANS) Commerce and Industry Minister Piyush Goyal on Saturday said that Maharashtra Chief Minister Devendra Fadnavis is building a pathway for Mumbai’s transformation where ease of living for citizens is paramount.In a post on X, Goyal said “I thank CM Fadnavis for chairing a review meeting today for transforming Uttar Mumbai into ‘Uttam Mumbai’ by ensuring world class services are available to citizens in this area, be it healthcare, infrastructure and other civic amenit…
Mumbai, March 25 (IANS) Maharashtra Deputy Chief Minister Eknath Shinde, replying to the Last Week Resolution in the Legislative Council on Wednesday, said the state government is committed to all-round development, asserting that work is underway across sectors including agriculture, industry, infrastructure, and law and order.Marking the birth centenary of Balasaheb Thackeray, the state government has resolved to make Mumbai and its surrounding areas slum-free. For this, the ‘Hinduhridaysamr…
Mumbai, March 10 (IANS) Having hosted major international events like the ATP Tour 250, WTA 125, and PMR Challenger tournaments consistently for five years, the Directorate of Sports and Youth Services, Maharashtra, together with the ATP Organising Committee, has chosen to extend tennis development directly to district levels in partnership with the Maharashtra State Lawn Tennis Association (MSLTA).Under this new initiative, 20 international tournaments sanctioned by the International Tennis Fed…
Mumbai, Feb 20 (IANS) The Mumbai Metropolitan Region Development Authority (MMRDA) will soon restart Monorail services in both directions between Chembur and Sant Gadge Maharaj Chowk as it secured mandatory safety certification. The services were suspended from September 20 last year for system upgradation and future-ready operations. This planned block aimed to allow faster integration of new Rolling Stock, advanced Communications Based Train Control (CBTC) signalling upgrades, and refurbishmen…
Mumbai, Feb 19 (IANS) In a major push to strengthen and modernise infrastructure in the Mumbai Metropolitan Region (MMR), Maharashtra Deputy Chief Minister Eknath Shinde on Thursday announced a comprehensive transformation plan for Thane and Kalyan through the Mumbai Metropolitan Region Development Authority’s (MMRDA) annual budget of Rs 48,000 crore, which was approved at its recent meeting held earlier this week.Deputy Chief Minister Shinde, who is also the Chairman of the MMRDA, said that w…
Mumbai, Feb 16 (IANS) The Mumbai Metropolitan Region Development Authority (MMRDA) on Monday presented its Budget for the financial year 2026–27 with a total outlay of Rs 48,072.57 crore, marking its first surplus Budget since 2017–18. MMRDA had a deficit of Rs 7,468 crore in 2024-2025. In just three years, the authority has achieved a surplus of Rs 17 lakh, thus signalling a decisive financial turnaround. The surplus is the outcome of structured land monetisation, strengthening of th…
Mumbai, Feb 14 (IANS) The Mumbai Metropolitan Region Development Authority (MMRDA) on Saturday imposed a penalty of Rs 5 crore on contractor Rajv Milan Infra and Rs 1 crore on the general consultant — a consortium of DB Engineering & Consulting, Hill International Inc, and Louis Berger Consulting Private Limited — after one person died and three others were injured following the collapse of a pillar segment of the under-construction Metro Line 4 corridor (Wadala–Kasarvadavali) in Mulund …