Tata Advanced Systems Buys 7.4 Lakh Sq Ft Land in Karnataka for Rs 290 Mn

08 Apr 2025 CW Team

Tata Advanced Systems (TASL), a wholly owned subsidiary of Tata Sons, has acquired a 7.4 lakh square feet land parcel in Karnataka’s Vemgal Industrial Area for Rs 290.34 million. The purchase, made at a rate of Rs 10.7 million per acre, was finalized through a lease-cum-sale agreement with the Karnataka Industrial Areas Development Board (KIADB). The registration of the transaction took place on February 24, 2025, and included a stamp duty payment of Rs 10.5 million.

The land acquisition is part of TASL’s plan to set up a facility dedicated to aircraft manufacturing, including a final assembly line and a maintenance, repair, and overhaul (MRO) unit. This development aligns with the company's broader strategy to expand its footprint in Karnataka, leveraging the state's robust infrastructure, skilled manpower, and supportive industrial policies.

Located on the Kolar–Chikkaballapur Road (SH-96), Vemgal Industrial Area spans 666 acres and is situated approximately 10 kilometres from the Narasapura and Jakkasandra industrial hubs. The region is rapidly emerging as a significant centre for industrial development in Karnataka.

TASL has also committed to establishing a state-of-the-art MRO facility to support the Indian Air Force’s Lockheed Martin C-130J fleet. This investment is expected to boost technological capabilities, generate employment, and foster international collaboration within the aerospace sector. Karnataka’s proactive approach to industrial development continues to attract major aerospace and defence companies, reinforcing the state’s strategic role in strengthening India’s position in the global aerospace supply chain.

News source: Business Standard

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..