IDA approves Rs 2 B development projects in Indore

29 Aug 2023 CW Team

The Indore Development Authority (IDA) has sanctioned Rs 2 billion for development projects within IDA's TPS Schemes. This decision was made during a recent board meeting. Notably, tenders worth Rs 13.72 billion were approved, focusing primarily on road infrastructure and internal development aligned with the master plan of the TPS schemes. Additional allocations include Rs 60 million for electrification and Rs 50 million for beautification in Scheme No 155.

Moreover, Rs 2.6 million were allocated for garden development at Swami Vivekananda Higher Secondary School. In a bid to enhance amenities, a consultant-cum-transaction consultant was appointed to formulate a proposal for constructing a convention centre with a seating capacity of 10,000 in Scheme No 172.

Deva Swimming Institute Gurugram was chosen to oversee the operation, maintenance, and management of the under-construction international swimming pool in scheme number 94 Sector-F.

The board also decided to seek permission from the principal secretary to allocate a portion of the authority's actual income for various initiatives, including Corporate Social Responsibility (CSR) activities.

Furthermore, in accordance with the MP Town and Country Investment (Amendment) Act 2019, guidance will be sought from the government regarding the status of Scheme Number 171.

Regarding urban planning, the board resolved to secure necessary government permission, following the Madhya Pradesh Town and Village Investment Act (Amendment) 2019, for approving a mixed-use site for a high-rise building standing 90.00 meters tall at Startup Park in Sector-D of the Super Corridor.

Additionally, the board decided to enhance the contribution amount given to Ganeshotsav committees of closed textile mills to support the construction of Jhankis for the Ganesh immersion procession.

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..