Concession agreement for Z-Morh tunnel construction

22 Jan 2020 Editorial Team

A Concession Agreement has been recently signed for completing the 6.5-km-long Z-Morh tunnel in Jammu and Kashmir in the presence of Union Minister for Road Transport & Highways and MSMEs Nitin Gadkari. MoS Road Transport & Highways General (Retd) Dr VK Singh; Secretary Road Transport & Highways Sanjiv Ranjan; and other senior officers from the Ministry and NHIDCL were present on the occasion.

The project includes construction, operation and maintenance of the tunnel with approaches on NH-1 at Srinagar-Sonmarg-Gumri Road from 61 km to 89.30 km on the Design, Build, Finance, Operate and Transfer (DBFOT) Annuity basis.

The two-lane bi-directional tunnel with parallel escape tunnel will be completed in 3.5 years at a cost of Rs 23.7876 billion. The concessionaire has been awarded DLP period or operation & maintenance period of 15 years from the completion date. The earlier contract is being foreclosed in terms of Ministry ‘Guidelines Principles for Resolution of Stuck National Highway Projects’ dated March 9, 2019.

Bids for the project were re-invited on June 24, 2019 with a TPC of Rs 23.7876 billion on BOT (Annuity) basis. Four bids were received, and were opened on August 29, 2019. After receiving necessary administrative approval and financial sanction, the project award was sanctioned by the Ministry on December 17, 2019. The LoA for the project was subsequently issued on December 19, 2019 to APCO Infrastructure.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..