NBCC secures Rs 8.5 bn contracts from Damodar Valley and Ministry of Housing

17 Feb 2025 CW Team

NBCC (India) has secured work orders worth a total of Rs 8.51 billion for construction and maintenance services from the Damodar Valley Corporation (DVC) and the Ministry of Housing and Urban Affairs.

The company has been awarded a Rs 7.76 billion construction contract by DVC. This project includes the construction of buildings and related infrastructure for townships at Durgapur, Koderma, and Raghunathpur, along with the DVC Administrative Building in New Town, Kolkata.

In addition, the Ministry of Housing and Urban Affairs has entrusted NBCC with a two-year maintenance contract for the New Moti Bagh GPRA Complex (NMB Complex) for the fiscal years 2025-26 and 2026-27, valued at Rs 740.94 million.

NBCC operates in three major sectors: project management consultancy, real estate, and engineering procurement and construction. The company has demonstrated growth, reporting a 25.41 per cent increase in consolidated net profit, which rose to Rs 1.42 billion for Q3 FY25, compared to Rs 1.13 billion in Q3 FY24. Revenue from operations for the same period saw a 16.65 per cent year-on-year increase, reaching Rs 28.26 billion for the quarter ending 31 December 2024.

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..