AP Government to issue new bids for Polavaram Irrigation Project

16 Aug 2019 Editorial Team

The Andhra Pradesh government under the leadership of Chief Minister Y S Jagan Mohan Reddy, is set to call for fresh tenders for the completion of construction of the Polavaram irrigation project on the Godavari river.

The work on the project had come to a standstill after the original contractor Navayuga Engineering Company Limited (NECL), who was appointed under the previous Telugu Desam government, was issued a pre-closure termination notice. The company was responsible for finishing a part of the project. The move was based on the recommendation made by an eight-member expert committee appointed by the present administration.

Reportedly, the government will also float tenders for the 960 MW Polavaram hydro power project as part of the main dam. The total cost of the tenders is estimated to be Rs 5,070 crore.

Currently, the Andhra Pradesh Power Generation Corporation Limited and water resources authority are combing through the details to invite tenders for both, irrigation and hydro-electric power projects.

However, the Polavaram Project Authority (PPA) of the Union water resources ministry held a meeting where it was also noted that seeking out fresh tenders could result in additional delay in the project and might also lead to an increase in over-all cost. The possibility of loss due to delayed benefits of the projects was also an important factor that would determine the final decision to be taken, as reported.

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..