Infra works worth Rs 27 bn in Thane, Palghar, Bhiwandi soon

27 Dec 2022 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has proposed to carry out feasibility studies and detailed project reports (DPRs) for infrastructure development projects in Thane, Palghar and Bhiwandi areas worth around Rs 27 billion. It has floated a tender to appoint an agency for these feasibility studies and DPRs.

The work proposed includes improving Thane approach roads: Gaimukh (Thane) to Paye Gaon; Kasarvadavali (Thane) to Kharbav; and Kolshet (Thane) to Kalher (Bhiwandi) at a cost of Rs 11.62 billion.

Feasibility study and DPR will also be carried out for the Naringi Creek Bridge between Marambalpada Jetty and Datiware and a bridge on Vaitarna river to provide connectivity between Palghar and Virar, at an estimated cost of Rs 7.41 billion.

The Authority has proposed connectivity between Shilphata and Mankoli for which feasibility and DPR will be carried out for Rs 6.14 billion. The road from Gandhari Bridge, Kalyan to National Highway-3, including the widening of the Gandhan Bridge, is also part of the DPR and feasibility study for an estimated cost of Rs 1.48 billion.

Chief Minister Eknath Shinde, who also holds Urban Development Ministry, is stressing on development of infrastructure projects in the Mumbai Metropolitan Region, MMRDA officials said.

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..