logo
Rs 2,528 crore project: Cabinet approves 104-km freight corridor connecting Vadhavan Port with Mumbai-Nagpur E-way

Rs 2,528 crore project: Cabinet approves 104-km freight corridor connecting Vadhavan Port with Mumbai-Nagpur E-way

Indian Express2 days ago
The Maharashtra Cabinet on Tuesday gave its approval for the construction of a 104.8-kilometre high-speed freight corridor connecting the upcoming Vadhavan Port in Palghar district with Bharvir in Nashik district, linking it to the Mumbai–Nagpur Expressway, officially named the Hindu Hridaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg.
The corridor, proposed as a strategic infrastructure link under the state's rapid logistics expansion plan, is expected to save nearly 79 km in travel distance and reduce commute time between the port and the expressway from 4–5 hours to just 1–1.5 hours.
The project will be developed by the Maharashtra State Road Development Corporation (MSRDC). The Cabinet has approved a total outlay of Rs 2,528.90 crore, including a Rs 1,500 crore loan from HUDCO (Housing and Urban Development Corporation). The corridor is to be completed within three years.
Currently, cargo from Vadhavan must travel via the Vadodara–Mumbai Expressway, covering around 183.48 km to reach the Samruddhi corridor via Bharvir–Amne. With the new expressway, the distance will be reduced to 104.898 km, saving 78.582 km, officials said.
The proposed expressway will pass through Dahanu, Vikramgad, Jawhar and Mokhada in Palghar district, and Trimbakeshwar and Igatpuri in Nashik district, offering a direct, fast-moving logistics link between the state's western coast and central and eastern Maharashtra.
The Vadhavan Transshipment Port, being developed under the Sagarmala initiative by Vadhavan Port Project Ltd, is expected to serve as a major international cargo hub. To complement this, the National Highways Authority of India (NHAI) is currently constructing a 32-km highway from the port to Tawa on National Highway 48, which will integrate into the larger freight corridor.
At present, heavy cargo vehicles must take a longer detour from Bharvir–Amne to reach the Vadodara–Mumbai Expressway, resulting in additional travel of nearly 82 km. The new corridor is expected to eliminate this inefficiency, enhancing fuel savings and turnaround times for goods transport.
Officials said the corridor is being planned with future traffic volumes in mind. With anticipated high-volume freight movement from Vadhavan Port, particularly toward Vidarbha, Marathwada, and North Maharashtra, the expressway will play a vital role in decongesting existing routes and facilitating regional economic development.
'The expressway will benefit a wide range of stakeholders — from large and medium-scale industries to agricultural processing units, educational institutions, and IT parks in Palghar and Nashik. It will also help improve market access and generate local employment,' an MSRDC official said.
The Cabinet meeting was chaired by Deputy Chief Minister Devendra Fadnavis, who is overseeing major infrastructure and connectivity initiatives in the state. Officials noted that the new corridor will function as a key logistics backbone, enabling affordable, fast, and efficient cargo transport from India's western maritime gateway to its heartland.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

iPhone 16 gets big price cut on Croma
iPhone 16 gets big price cut on Croma

India Today

time5 minutes ago

  • India Today

iPhone 16 gets big price cut on Croma

iPhone 16 gets big price cut on Croma By Divya Bhati The iPhone 16 has received a major price cut during Croma's Independence Day Sale. Originally priced at Rs 79,900, the 128GB variant is now available for just Rs 73,990. Additionally you can get an extra Rs 4,000 discount on certain bank cards. You can also get an exchange benefit of up to Rs 62,891. Adding the store discount, coupons, bank cashback & exchange, the effective price can go as low as Rs 38,990. The sale is available only till August 17 across its 560+ stores. Shoppers can also avail no-cost EMI options starting at just Rs 3,483/month. The iPhone 16 features a 6.1-inch OLED Super Retina XDR display, powered by the A18 chip. It features 48 MP + 12 MP Dual Rear & 12 MP Front Camera and 25W MagSafe wireless charging Also Read: iPhone 16 and iPhone 16 Plus review: Smart upgrades

MacBook Air M4 gets massive discount
MacBook Air M4 gets massive discount

India Today

time5 minutes ago

  • India Today

MacBook Air M4 gets massive discount

MacBook Air M4 gets massive discount By Divya Bhati Croma is hosting its Independence Day Sale bringing a massive discount on the latest Apple MacBook Air M4. The powerful 13.6-inch Apple laptop is now available at just Rs 93,990, down from Rs 99,900. You can also avail up to Rs 10,000 off via OTP verification. The e-commerce platform is also offering 6-month no-cost EMI plans. But with combined offers like student/teacher discounts, exchange bonuses, and bank cashback, you can get it for as low as Rs 56,990. This offer is part of Croma's sale, which is live across 560+ stores and online till August 17. The MacBook Air M4 features a 16GB RAM, 256GB SSD, and the new Apple M4 chip for top-notch performance. It runs on the latest macOS, and features a 13.6 inch Liquid Retina display.

Kalyan Jewellers Q1 Results: Cons PAT jumps 49% YoY to Rs 264 crore, revenue grows 31%
Kalyan Jewellers Q1 Results: Cons PAT jumps 49% YoY to Rs 264 crore, revenue grows 31%

Economic Times

time5 minutes ago

  • Economic Times

Kalyan Jewellers Q1 Results: Cons PAT jumps 49% YoY to Rs 264 crore, revenue grows 31%

Kalyan Jewellers posted a 49% YoY jump in Q1FY26 net profit to Rs 264 crore, driven by strong domestic and international growth. Revenue rose 31% YoY to Rs 7,268 crore, with upbeat outlook for the festive season. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Kalyan Jewellers India on Thursday reported a 49% growth in its Q1FY26 consolidated net profit at Rs 264 crore versus Rs 178 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company's revenue from operations stood at Rs 7,268 crore which was up 31% from Rs 5,528 crore reported in the corresponding quarter of the last financial PAT was up 41% on a sequential basis versus Rs 188 crore reported in Q4FY25 while the topline increased 18% compared to Rs 6,182 crore posted by the jeweler in the January-March standalone revenue (India) for Q1FY26 was reported at Rs 6,142 crore, which is a growth of 31% when compared with the same period in the previous financial year while PAT was reported at Rs 256 crore recording a growth of 55% when compared with the same period in the previous financial operations recorded revenue of Rs 1,070 crore for Q1FY26, a growth of 32% when compared with the same period in the previous financial year. Middle East revenue and PAT for Q1FY26 stood at Rs 1,026 crore and Rs 22 crore respectively, a growth of 27% and 18% lifestyle jewellery platform Candere, recorded a revenue of 66 crore and net loss of 10 crore for Q1 on the earnings, Executive Director Ramesh Kalyanaraman said that the company has started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. "We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns,' he in Thrissur in the state of Kerala, Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East and the US. The company has had over three decades of presence in the Jewellers has 406 showrooms across India, USA and the Middle East, with a retail area exceeding 10,00,000 square feet.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store