NBCC Wins Rs 820 Million Contract for Lokpal Renovation Project

02 Apr 2025 CW Team

Additionally, NBCC, a Navratna enterprise under the Government of India, has entered into a Memorandum of Understanding (MoU) with the Maharashtra Asset Housing and Development Authority (MAHAPREIT), a division of the Maharashtra Government. This agreement enables NBCC to undertake consultancy, engineering, procurement, construction (EPC), fee-based, and redevelopment projects across Maharashtra.

The MoU was formalized on March 26, 2025, marking NBCC's expansion into Maharashtra’s redevelopment sector following its significant contributions to urban transformation in Delhi. Under the agreement, NBCC will act as a project management consultancy (PMC) contractor for a period of two to three years, overseeing project execution.

Earlier in the week, NBCC secured two additional contracts totaling Rs 6.58 billion, further strengthening its order book. The Uttarakhand Investment and Infrastructure Development Board awarded a contract worth Rs 4.38 billion for various infrastructure and redevelopment works in Haridwar. This project includes rejuvenation of public spaces, development of business and exercise districts, and urban improvements to support regional growth.

Another contract, valued at Rs 2.19 billion, was awarded by the Centre for Development of Telematics (C-DOT) for planning, supervision, and construction of buildings at its Mehrauli campus in New Delhi. The project encompasses a data centre, residential housing, hostels, a technical block, and associated infrastructure to support C-DOT’s operations.

These contracts align with NBCC’s corporate growth strategy, reinforcing its leadership in the redevelopment and infrastructure sector in India. The projects are expected to contribute significantly to the company’s revenue, further solidifying its position as a key player in construction and engineering.

News source: Indian Infoline

NBCC (India) has secured a work order worth Rs 820.08 million from the Lokpal of India for renovation and interior upgrades at the Lokpal premises in Vasant Kunj, New Delhi. The project involves a comprehensive refurbishment aimed at enhancing the operational infrastructure of the office. Additionally, NBCC, a Navratna enterprise under the Government of India, has entered into a Memorandum of Understanding (MoU) with the Maharashtra Asset Housing and Development Authority (MAHAPREIT), a division of the Maharashtra Government. This agreement enables NBCC to undertake consultancy, engineering, procurement, construction (EPC), fee-based, and redevelopment projects across Maharashtra. The MoU was formalized on March 26, 2025, marking NBCC's expansion into Maharashtra’s redevelopment sector following its significant contributions to urban transformation in Delhi. Under the agreement, NBCC will act as a project management consultancy (PMC) contractor for a period of two to three years, overseeing project execution. Earlier in the week, NBCC secured two additional contracts totaling Rs 6.58 billion, further strengthening its order book. The Uttarakhand Investment and Infrastructure Development Board awarded a contract worth Rs 4.38 billion for various infrastructure and redevelopment works in Haridwar. This project includes rejuvenation of public spaces, development of business and exercise districts, and urban improvements to support regional growth. Another contract, valued at Rs 2.19 billion, was awarded by the Centre for Development of Telematics (C-DOT) for planning, supervision, and construction of buildings at its Mehrauli campus in New Delhi. The project encompasses a data centre, residential housing, hostels, a technical block, and associated infrastructure to support C-DOT’s operations. These contracts align with NBCC’s corporate growth strategy, reinforcing its leadership in the redevelopment and infrastructure sector in India. The projects are expected to contribute significantly to the company’s revenue, further solidifying its position as a key player in construction and engineering. News source: Indian Infoline

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..

Infrastructure Energy

06 Apr 2026

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..

Real Estate

06 Apr 2026

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..