Maharashtra: Work on Mumbai-Ahmedabad bullet train project in full swing
According to the NHSRCL, work on all three elevated stations in the state, Thane, Virar, and Boisar, is advancing swiftly, and the first slabs for Virar and Boisar stations have recently been cast.
Across the alignment, pier foundations and pier works are underway at various locations, with approximately 44 km of piers cast to date.
In the Palghar district, viaduct construction has also commenced using full-span box girder launching technology, starting from the Dahanu area. Additionally, the excavation of seven mountain tunnels in the Palghar district is actively in progress, demonstrating the project's engineering scale and complexity.
Bridge construction has also kicked off at three major rivers: Vaitarna, Ulhas, and Jagani, further contributing to the corridor's critical infrastructure.
An important component of the project is the 21-kilometre-long underground and undersea tunnel connecting the Mumbai Bullet Train station at Bandra-Kurla Complex (BKC) to Shilphata. Of the 21 km tunnel, 16 km is being excavated using Tunnel Boring Machines (TBMs), while 5 km is being executed using the New Austrian Tunnelling Method (NATM). The tunnel includes a 7 km undersea stretch beneath Thane Creek, marking a significant feat in Indian tunnelling history.
So far, approximately 4.1 km of tunnel heading has been achieved through NATM from the Shilphata site, and two concurrent faces have been developed from the ADIT portal.
In terms of vertical construction, base slab casting at the Vikhroli shaft (56 meters deep) and Sawli shaft (39 meters deep) has been completed. Additionally, sludge treatment plants are being installed at shaft locations, and the Mahape tunnel lining casting yard is actively producing tunnel lining segments.
For the under-construction Mumbai Bullet Train station at Bandra Kurla Complex, 80% of the excavation work has been completed. Base slab casting at 100 ft below ground level has already started at both ends of the station site, NHSRCL added. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
9 minutes ago
- Economic Times
India needs 10% nominal GDP growth annually to achieve Viksit Bharat goal: CII president
CII President Rajiv Memani stated that India requires a 10 per cent average nominal GDP growth annually to achieve its Viksit Bharat vision by 2047. He also highlighted that the interim trade pact with the US will remove uncertainty and provide access to a larger market for Indian firms. India's economy is projected to grow at 6.4-6. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India needs an average nominal GDP growth rate of 10 per cent annually to achieve the government's vision of Viksit Bharat by 2047, CII President Rajiv Memani GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real GDP."India would require an average about 10 per cent nominal growth to achieve the Viksit Bharat vision," Memani told an interview to PTI, the newly-appointed president of the industry lobby observed that the interim trade pact between India and the US, expected to be finalised shortly, will remove the cloud of "uncertainty", providing access to a bigger market for Indian firms, especially in labour-intensive trade pact between the two nations will also pave the way for technology transfers, more joint ventures and partnerships, the CII president said."So I think first is that the uncertainty which was there, I think that will go away. People will get a clearer direction of what will happen in the future, and I think that has a very positive impact," he economy is expected to grow 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, according to CII."We have a very good position macro economically, things are very stable."Our institutions, whether it's the capital markets, whether it is RBI, whether it is banks, are in good shape, corporate balance sheets are looking stronger," the CII president said about India's Reserve Bank has retained India's GDP growth projection for the current fiscal ending March 2026 at 6.5 per cent, saying the country's economy presents a picture of strength, stability and opportunity in the backdrop of global FY26 growth projections are compared with the 6.5 per cent economic growth recorded in the 2024-25 fiscal year.
Hans India
13 minutes ago
- Hans India
5 key triggers for Sensex, Nifty next week; India-US trade deal, Q1 earnings, FPI flows
The Indian stock market is poised for a volatile week as multiple global and domestic cues unfold simultaneously. The top factors influencing investor sentiment include the anticipated India-US trade deal, the kick-off of Q1 FY26 earnings, foreign capital flows, monsoon progress, and the release of the US Federal Reserve's June meeting minutes. During the week ended July 4, both the Nifty 50 and Sensex slipped 0.70%, snapping their two-week winning streak. Profit-booking, foreign capital outflows, and uncertainty over trade negotiations between India and the US weighed on the indices. According to Ajit Mishra, SVP at Religare Broking, "Investors are cautious ahead of global trade deadlines and earnings. A potential interim trade agreement between India and the US may limit downside risks, but clear outcomes are crucial." While large-cap indices corrected, mid- and small-cap segments continued their upward march. The Nifty Midcap 100 gained 0.5%, and the Smallcap 100 rose 0.3%, showing resilience amid broader volatility. Here are 5 major triggers for the markets in the coming week: 1. India-US Trade Deal The unresolved trade pact between India and the US remains a top market trigger. With US President Donald Trump's July 9 deadline approaching, investor anxiety is growing. Although Indian negotiators returned from Washington last week, Commerce Minister Piyush Goyal reiterated that India will not commit to any deal unless it serves the national interest. A breakthrough could boost export-heavy sectors such as IT, pharma, and auto components. In contrast, any deadlock may dent near-term sentiment. 2. Q1 FY26 Earnings Season India Inc's Q1 results will start rolling in this week. IT bellwether TCS and Tata Elxsi will release their earnings on July 10, followed by DMart on July 11. Investors will watch closely for growth guidance, margin trends, and demand commentary, which will likely set the tone for sectoral momentum. 3. Monsoon Progress India's southwest monsoon has shown healthy progress, with cumulative June rainfall exceeding the long-period average by nearly 9%. Improved monsoon activity is aiding kharif crop sowing, which is up by 11% year-on-year. With the IMD forecasting active rainfall over the next week, monsoon trends will continue to be a crucial macroeconomic monitor for inflation and rural demand. 4. Foreign Portfolio Investment (FPI) Trends So far in July, FPIs have pulled out ₹5,773 crore from Indian equities amid uncertainty and valuation concerns. Experts suggest that clarity on the trade deal and robust Q1 earnings could reverse this trend. According to VK Vijayakumar of Geojit Financial, "A breakthrough in India-US trade talks and strong corporate earnings could revive FPI interest." 5. US Fed Minutes Global markets will keep a close watch on the minutes of the US Federal Reserve's June 17–18 meeting. These insights will offer clues on the Fed's stance regarding inflation and potential interest rate cuts. Though a September rate cut is still expected, recent jobs data hint at a resilient labor market, possibly delaying policy easing. Fed Chair Jerome Powell has stated that the inflationary impact of tariffs may start appearing in the coming months, suggesting a cautious Fed in the near term.
Mint
14 minutes ago
- Mint
Pharma firms likely to post 11% growth in sales, EBITDA in Q1FY26: Report
New Delhi [India], July 6 (ANI): Pharmaceutical firms are expected to post 11 per cent year-on-year growth in both sales and EBITDA for the first quarter of Financial Year 2026 (Q1FY26), driven by sustained momentum across most markets, according to a report by Kotak Institutional Equities. However, the report added that the muted domestic demand in April and March may slightly offset gains. The hospitals segment is projected to see robust 17 per cent year-on-year growth in both sales and EBITDA, supported by increased footfalls, new bed additions, and a modest rise in ARPOB. In diagnostics, volume growth, better mix, and M&A activity are expected to contribute to a 14 per cent YoY sales increase across the coverage. "For pharma companies, we expect continued traction across most markets to drive 11%/11% yoy growth in overall sales/EBITDA in 1QFY26," the report added. India's pharmaceutical market for FY 2023-24 is valued at USD 50 billion with domestic consumption valued at USD 23.5 billion and export valued at USD 26.5 billion. The domestic pharma industry is considered to be the world's third largest by volume and 14th in terms of value of production. With an extremely diversified product base covering generic drugs, bulk drugs, over-the-counter drugs, vaccines, biosimilars, and biologics, the Indian pharmaceutical industry has a strong presence at the global level. According to National Accounts Statistics 2024, published by the Ministry of Statistics and Programme Implementation, total output for industry i.e. Pharmaceuticals, medicinal and botanical products is Rs. 4,56,246 crores for FY 2022-23 at constant prices, of which value added is ₹ 1,75,583 crores. As per government data 9,25,811 number of persons are engaged in Pharmaceuticals, medicinal and botanical products industry during FY 2022-23. Research & Development (R&D) and innovation in Pharma Sector is done by number of institutions and organizations under various scientific Ministries/Departments. The Department of Pharmaceuticals has set up seven National Institutes of Pharmaceutical Education & Research (NIPERs) as institutes of national importance, which besides imparting postgraduate and doctorate education, conduct high end research in various pharma specializations. Further, Department has framed a "National Policy on Research & Development and Innovation in Pharma-MedTech Sector in India" to encourage R&D in pharmaceuticals and medical devices.
