CIL Boosts Exchequer with Rs.60.14 Billion

17 Apr 2024 CW Team

Coal India Limited (CIL) has bolstered the national exchequer with a significant financial contribution, amounting to ?60.14 billion in the fiscal year 2023-24. This figure represents a noteworthy 6.4% increase compared to the previous fiscal year, showcasing the company's continued growth and commitment to economic progress. As one of the largest coal producers globally, CIL plays a crucial role in India's energy sector and overall economic landscape. Its sustained financial contribution underscores the company's dedication to supporting national development initiatives and fulfilling its corporate responsibilities. The increase in revenue signifies both operational efficiency and market demand, reflecting positively on CIL's strategic management and adaptability in dynamic business environments. Furthermore, this financial injection into the exchequer bodes well for government initiatives and public welfare programs, potentially fuelling further socio-economic development across the nation. CIL's consistent performance highlights its position as a key player in India's industrial landscape, contributing not only to energy security but also to the country's revenue generation and economic stability. This milestone achievement reinforces CIL's status as a reliable partner in nation-building efforts, aligning its corporate objectives with broader developmental goals. With its continued focus on sustainable practices and technological innovation, CIL is poised to further enhance its operational efficiency and financial performance, thus continuing to make significant contributions to both the economy and society at large.

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..