NCC secures Rs 68.29 billion coal mining contract in Jharkhand

29 Oct 2025 CW Team

NCC Limited has secured a contract worth Rs 68.29 billion from Central Coalfields Limited (CCL) for a major coal mining project in Jharkhand, marking one of the company’s largest order wins in recent quarters.

The project covers the extraction and transportation of overburden (OB) and coal at the Amrapali Open Cast Project (OCP) in the Chandragupt Area of Jharkhand. In a regulatory filing, NCC stated, “The Company has received a Letter of Acceptance dated 24 October 2025 from Central Coalfields Limited for extraction and transportation of overburden and coal at Amrapali OCP, Chandragupt Area, Jharkhand.”

Project scope and execution timeline The scope includes hiring heavy earth-moving machinery (HEMM) for removing 413.59 million cubic metres of OB, extracting 233.33 million tonnes of coal, and transporting it to Shivpur siding and the surface stockyard under various lead slabs. It also involves wagon loading of 139.99 million tonnes of coal at the siding.

The project will be completed over a total duration of 2,915 days, comprising a 360-day development phase followed by a seven-year production period.

No related-party involvement CCL, a public sector entity, awarded the contract under general conditions of contract. NCC confirmed that the project does not involve any related-party transactions, and none of the company’s promoters or group firms hold any interest in CCL.

Market performance Shares of NCC (Nagarjuna Construction Company) have declined 24.56 per cent so far this year.

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..