421 projects grapple with staggering Rs 4.40 trn setback

27 Dec 2023 CW Team

As many as 421 infrastructure projects in India are grappling with significant cost overruns, accumulating a staggering setback of Rs 4.40 trillion. The scale of these financial challenges raises pertinent questions about project management, and financial prudence, and underscores the imperative for robust mechanisms to ensure the timely and cost-effective completion of critical infrastructure initiatives.

The substantial cost overruns across a diverse range of projects indicate the complexities and challenges involved in infrastructure development. It emphasises the need for thorough planning, effective risk management, and proactive measures to address issues that may lead to budgetary escalations.

Addressing the cost overruns in infrastructure projects is crucial not only for financial sustainability but also for delivering the intended benefits to the public. This situation prompts a critical examination of the factors contributing to the setbacks. It underscores the importance of implementing best practices in project management to optimise resources and mitigate financial risks.

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..