The extension of the Line-IV of the Mumbai Metro, connecting south Mumbai with suburb Thane, on December 27 received approval from the Maharashtra Cabinet. The line, once operational, will link the Gaimukh near south Mumbai with Kasarvadavli in Thane via Ghatkopar and Mulund through a fully elevated corridor. The total cost of the project is estimated to be about Rs 14,549 crore with an additional Rs 949 crore sanctioned for the extension. The authorities are planning to complete this project by March 2022, benefitting over 8.7 lakh commuters.
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NBCC, Kotak Among 4 Shortlisted To Buy Insolvency-HiGovernment-owned NBCC along with Kotak Investment, Singapore-based Cube Highways and Suraksha Group have been shortlisted to acquire debt-laden Jaypee Infratech. Currently, insolvency proceedings against the company are underway in the National Company Law Tribunal. Last year, when Lakshadweep Pvt Ltd, a joint venture between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, won the bid to buy the company for Rs 7,350 crore, Jaypee declined the offer on the grounds of undervaluation.
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Last update - 08-11-2018