Cognizant Withdraws Plans For Two IT SEZs In Telangana

24 Feb 2026 CW Team

No extension was sought for the Nanakramguda approval and no development activity was undertaken. The company wrote to the state government seeking full de-notification on 15 October 2019 and the state recommended de-notification to the Union government on two September 2024. The Union notification for Nanakramguda has been issued by the ministry. The de-notification process follows established administrative procedures for SEZ land reversion.

For the Adibatla site Cognizant had received the Letter of Approval on seven January 2008 for 16.19 ha and extensions were granted up to 2015. The company executed a bond cum legal undertaking for Rs 120 million (Rs 120 mn) on 22 November 2011 but only a perimeter compound wall was constructed. No further construction or infrastructure work proceeded on the Adibatla site. The firm cited operational constraints and limited development on the site.

Cognizant explained that the need for close proximity to employees for round the clock operations meant that the distance from Hyderabad contributed to attrition and constrained business growth. Accepting this rationale the Board of Approval has recommended de-notification of the entire 16.19 ha at Adibatla and the formal notification is awaited. Once de-notified the land will be governed by state land use guidelines and applicable master plans. Officials expect the outcome to allow the state to align use of the land with local master plans and development priorities.

Cognizant Technology Solutions India Private Limited (Cognizant) has withdrawn its proposal to develop two IT and ITES Special Economic Zones in Telangana and has sought de-notification of the land allocated at Nanakramguda and Adibatla. The Board of Approval for SEZs has de-notified the entire two point one six hectares (ha) allotted for the Nanakramguda SEZ following a notification by the Ministry of Commerce and Industry. The LoA for Nanakramguda was granted on 21 April 2016 and expired on 20 April 2019. The decision ends a long period of inactivity on the parcels that had been earmarked for technology campuses. No extension was sought for the Nanakramguda approval and no development activity was undertaken. The company wrote to the state government seeking full de-notification on 15 October 2019 and the state recommended de-notification to the Union government on two September 2024. The Union notification for Nanakramguda has been issued by the ministry. The de-notification process follows established administrative procedures for SEZ land reversion. For the Adibatla site Cognizant had received the Letter of Approval on seven January 2008 for 16.19 ha and extensions were granted up to 2015. The company executed a bond cum legal undertaking for Rs 120 million (Rs 120 mn) on 22 November 2011 but only a perimeter compound wall was constructed. No further construction or infrastructure work proceeded on the Adibatla site. The firm cited operational constraints and limited development on the site. Cognizant explained that the need for close proximity to employees for round the clock operations meant that the distance from Hyderabad contributed to attrition and constrained business growth. Accepting this rationale the Board of Approval has recommended de-notification of the entire 16.19 ha at Adibatla and the formal notification is awaited. Once de-notified the land will be governed by state land use guidelines and applicable master plans. Officials expect the outcome to allow the state to align use of the land with local master plans and development priorities.

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..