Adani Group wins Mumbai’s Dharavi Redevelopment Project with 5,069 crore bid

Daily Current Affairs / Adani Group wins Mumbai’s Dharavi Redevelopment Project with 5,069 crore bid

Change Language English Hindi

Category : Business and economics Published on: December 01 2022

Share on facebook

The Adani Group emerged as the highest bidder for a project to redevelop the slum cluster of Dharavi in Mumbai.
SVR Srinivas, the chief executive officer of the Dharavi Redevelopment Project, said that the conglomerate led by billionaire Gautam Adani submitted a bid of Rs 5,069 crore for the project, while the DLF Group quoted Rs 2,025 crore.
The bid is for the entire Rs. 20,000 crore project and the total timeline for the project is 7 years to rehabilitate the 6.5 lakh slum dwellers who are spread over a 2.5 sq km area right now.

ONGC will invest ₹4,600 crore in Andhra Pradesh’s KG Basin for drilling, offshore platforms, pipeline, and gas processing.
Read More....
India’s defence production reached a record ₹1.51 lakh crore in FY 2024-25, up 18% from last year.
Read More....
China and Hong Kong won the Asia Rugby U-20 Sevens titles, while India’s women claimed bronze in Bihar.
Read More....
DPIIT signed an MoU with Zepto to support manufacturing startups under the Zepto Nova Innovation Challenge.
Read More....
Indian Navy will commission stealth frigates INS Udaygiri and INS Himgiri together for the first time on 26 August 2025.
Read More....
Lok Sabha passed the revised Income Tax Bill 2025, expanding officials’ powers for search operations.
Read More....
Kerala’s KSFE became the first miscellaneous NBFC in India to cross ₹1 lakh crore turnover.
Read More....
WHO confirmed Kenya has eliminated sleeping sickness as a public health problem.
Read More....
Aadhaar Face Authentication transactions doubled from 100 crore to 200 crore in just six months.
Read More....
Tata’s Nelco and France’s Eutelsat will provide OneWeb satellite internet services in India.
Read More....

Adani Group wins Mumbai’s Dharavi Redevelopment Project with 5,069 crore bid