The shares of Zomato Ltd record a one year high with stock gained nearly 53 per cent in the last 52 week. The stock of Zomato is witnessing a surge of Rs 77.35 a share, a level last seen on April 26, 2022.

In the end of March 2023, Zomato share dropped down at Rs 50 apiece. The stock was trading at Rs 77 on BSE at 1pm, up by 1.64 per cent from the previous close.

Since March, the stock gain a rise of nearly 53 per cent. It is still down 52 percent from its record closing high of Rs 160.30 hit on November 15, 2021.

After entering the new financial year, the shares of Zomato has increased around Rs 50 to Rs 77 apiece levels. The company shares had started signaling about the end of base building mode in January 2023 when it rebounded from Rs 47 apiece levels and sustained above this fresh bottom made after bouncing back from 52-week lows of Rs 40.60 apiece made in July 2022.

Zomato Ltd Shares

The shares of Zomato on Friday at 3:30pm IST were at Rs 77.90, up by 2.77 per cent.

Over 14,000 workers from close to a dozen countries worked on the iconic Mumbai Trans Harbour Link (MTHL). Some of the countries that they hailed from include Japan, America, South Korea, Switzerland, Denmark, and the United Kingdom. Despite the most challenging phase of the pandemic, the work continued on the project, though the pace had slowed down while ensuring safety protocols were met with.

Instead of putting the project on a pause during the lockdown period and later having an endless wait to get the labourers back to the project site, some strategic decisions were taken by the Mumbai Metropolitan Region Development Authority (MMRDA), the agency implementing the crucial infrastructure project.

Certain Engineering Feats Employed First Time In India

Not only is this the longest sea bridge in India, but certain engineering methodologies have been used for the first time. For instance, launching of the orthotropic steel decks was never done before in India. The entire project is 22km long, of which the sea bridge component is 16.5km. The remaining 5.5km is on either side of the landing areas.

The project’s chief engineer in MMRDA, Sunil V Wandhekar, visited Japan and South Korea to get familiarised with the engineering elements. Launching of each deck took nearly five days to bring it from the coast to launching it with the bridge’s structure.

These are prefabricated decks made of metal that are placed on barges and taken to the section where they have to be launched. Once kept on the pillar, they act as the portion on which the vehicles will zip past.

To make these decks, fabrication of certain elements and components was done in the workshops in different parts of the world, such as Vietnam, Japan, China and Taiwan.

Turkish President Recep Tayyip Erdogan highlighted the necessity of promoting dialogue for his country’s accession to the European Union (EU) in a phone talk with Charles Michel, the president of the European Council.

“It is necessary to increase contacts at all levels with a concrete and positive agenda in the direction of Turkey’s full membership to the EU, which has great strategic value for Europe,” an official statement quoted Erdogan as saying.

The EU’s “fair treatment and supportive perspective” for Turkey’s full EU membership would open up new horizons in relations between Ankara and the block, the statement said.

During the phone conversation, Erdogan also underlined the importance of updating the customs union agreement between Ankara and Brussels, ensuring visa-free for Turkish citizens within the EU, and strengthening bilateral cooperation on migration management and counterterrorism, it added.

Turkey started accession talks with Brussels in 2005, which have been at a standstill for several years following a prolonged state of emergency declared by Erdogan in the wake of a botched coup aiming to topple his government in 2016.