Wider highways, tunnels, flyovers and land acquisition raised Bharatmala cost
ROADS & HIGHWAYS

Wider highways, tunnels, flyovers and land acquisition raised Bharatmala cost

Responding to reports that the Comptroller and Auditor General (CAG) in a latest audit report flagged huge cost overruns in the Dwarka Expressway project, a roads ministry official said the cost of high...

Responding to reports that the Comptroller and Auditor General (CAG) in a latest audit report flagged huge cost overruns in the Dwarka Expressway project, a roads ministry official said the cost of highway projects under India's Bharatmala programme has risen above initial estimates due to the construction of wider highways, tunnels, flyovers as well as more expensive land acquisition. They said the government had saved over 12 per cent in construction cost against estimates in awarding contracts of Urban Extension Road-II or Dwarka Expressway and would convey their comments on the issue to the CAG and whenever it came up for discussion in the Public Accounts Committee. The CAG had earlier said that the National Highways Authority of India's (NHAI) decision to go for an elevated carriageway on the Haryana portion of the Dwarka Expressway pushed up the construction cost to Rs.2,510 million per kilometre from `182 million per km as estimated earlier.The auditor also flagged irregularities in awarding of highway projects by NHAI and the National Highways and Infrastructure Development Corporation (NHIDCL) - the implementing agencies which develop centrally funded road projects.

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Infrastructure Urban

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..

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Infrastructure Energy

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..

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Real Estate

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..

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