Reliance Expands Footprint In Navi Mumbai With Rs 2,200 Crore Land Acquisition
For Rs 2,200 crore, Reliance Industries Ltd. (RIL) made a historic acquisition of more than 5,286 acres of valuable industrial land that is ideally located close to the Mumbai Trans Harbour Link (MTHL) project, Jawaharlal Nehru Port Trust (JNPT), and Navi Mumbai International Airport. RIL’s industrial footprint has significantly expanded with this transaction, which is […]
The plan to purchase Metro 1 from Anil Ambani is approved by the state cabinet
On 21 May, 2024, the State cabinet approved in principle the acquisition of Ghatkopar-Versova Mumbai Metro One owned by Anil Ambani and Mumbai Metropolitan Region Development Authority (MMRDA). Ambani’s stake is estimated around ₹4,000 Crore. Mumbai Metro One was the first metro that was undertaken under the Build-Operate-Transfer (BOT) policy in 2007. MMRDA has a […]