Mumbai, Feb 20 (PTI): Multiplex operator Miraj Cinemas plans to add 100 more screens by March 2020, with an investment outlay of Rs 200 crore. Miraj Cinemas, a part of the Rajasthan-based Miraj group, currently operates 110 screens across 40 locations in 14 states.

Expansion will be fuelled by an investment of Rs 200 crore which will be a mix of equity and debt, Miraj group chairman Madan Paliwal said Wednesday.


Online apparel brand Turms secures Rs 2 cr funding After hitting a Rs 24 crore revenue run rate, online apparel brand Turms has secured an additional Rs 2 crore angel funding led by Myntra cofounder Raveen Sastry, ex-Googler Sree Unnikrishnan, FarEye cofounder Gautam Kumar, PremjiInvest Partners Rahul Garg and Atul Gupta, and ex-Flipkart’s Sanjay Ramakrishnan.

The latest capital infusion takes Turms total seed funding to Rs 8.3 crore, the company said Wednesday adding it plans to utilse the to invest in brand, scale up its products and technology team, launch experience centers, optimise supply chain and further invest in R&D.


HG Infra bags Rs 538-cr NHAI contract in Raj HG Infra has bagged an Rs 538.11-crore EPC contract from NHAI to build a six-lane access-controlled greenfield highway in Rajasthan.

The project which includes construction of highway from Sangariya (near Chautala) to Rasisar (near Bikaner) section of NH-754K as a part of Amritsar-Jamnagar Economic Corridor in Rajasthan and is to be completed in two years.


Tunnel breakthrough for Mumbai Metro Corpn at Sahar The Mumbai Metro Rail Corporation, which is implementing the Colaba-Seepz underground metro line has said the sixth tunnel boring machine used for the project has achieved breakthrough. With this, five TBMs have completed a section of tunnelling for the 33.5-km fully underground metro corridor, named Line 3.

The TBM–Tapi 1– at the Sahar Road metro station, which is a part of package 6 of construction being jointly undertake by a consortium of J Kumar and China Rail Tunnel Group, commissioned work on September 13 last year have tunnelled 692 mts. MMRC has deployed 17 TBMs for the entire project.

This is published unedited from the PTI feed.