India, Nepal Seal JV Deals To Build Cross-Border Power Corridors

27 Nov 2025 CW Team

Power Grid Corporation of India and the Nepal Electricity Authority have finalised a series of joint venture agreements to build and operate cross-border transmission links aimed at strengthening electricity trade between the two countries. The move marks a major step towards establishing dedicated high-voltage corridors that can reliably handle rising demand and seasonal fluctuations on both sides of the border.

Under the agreements, the two organisations will set up joint venture companies to plan, construct and maintain key transmission projects. These lines will support the long-term power-trade framework endorsed by both governments, including the export of surplus hydropower from Nepal to India during the monsoon and imports from India during the dry winter months. The cooperation dovetails with the plan to scale bilateral electricity trade to ten gigawatts within the next decade.

The joint ventures will also oversee development of new substations, system-strengthening measures and grid-integration assets to enhance the stability of cross-border power flows. The agreements follow India’s recent approval of higher import volumes of clean energy from Nepal and expanded transmission permissions across multiple existing corridors.

Both sides have stressed that dependable transmission connectivity is essential for unlocking Nepal’s hydropower potential and supporting India’s clean-energy transition. The JV structure enables Power Grid to provide technical expertise and project-execution capacity, while the Nepal Electricity Authority contributes local knowledge and site access.

With the agreements now formalised, work is set to accelerate on priority corridors identified during recent bilateral discussions aimed at deepening regional energy cooperation.

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..