India to supply diesel and gas to Sri Lanka

01 Jun 2022 CW Team

Continuing its offer of aid, India will send two ships each of diesel and gasoline to Sri Lanka, which is currently suffering from a severe fuel scarcity. Two ships are anticipated in Sri Lanka between July 13 and 15 and July 29 and 31.

Following recent conversations between Hardeep Singh Puri, minister of petroleum and natural gas, and Milinda Moragoda, Sri Lanka's high commissioner to India, the decision to deliver gasoline was made. Puri was informed by Moragoda about Sri Lanka's pressing energy needs.

Over the last three months, Sri Lanka has received more than 400,000 tonnes of petroleum from India.

According to the high commission, Moragoda and Puri addressed ways that India and Sri Lanka may continue to increase their collaboration in the petroleum industry to help resolve the present problem. They also discussed forging long-term connections in the oil, gas, and associated supply industries.

Until a fresh supply arrives, Sri Lanka's present diesel supplies will only be utilised for vital services.

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..