L&T to Build Hospitals Worth Rs 24 Billion for Apollo

12 Jun 2025 CW Team

Larsen & Toubro’s Buildings & Factories (B&F) division is set to enter into contracts worth approximately Rs 24 billion with Apollo Hospitals Enterprise Ltd for the construction of hospital buildings across various locations in India. The proposal will be placed before shareholders at L&T’s 80th Annual General Meeting on 17 June.

The contracts, which are expected to span durations ranging from one and a half to three years depending on individual project requirements, will cater to Apollo’s specialised infrastructure needs. According to the AGM notice, the initiative aims to not only expand L&T’s revenue base but also enhance long-term value creation for shareholders.

The B&F vertical of L&T handles engineering, procurement, and construction (EPC) for all types of building and factory structures. In the healthcare segment, it offers comprehensive capabilities, including design, construction, procurement, and commissioning of hospital facilities and medical equipment.

While both L&T and Apollo Hospitals declined to comment beyond the AGM notice, the collaboration marks a significant move in strengthening India's healthcare infrastructure through private sector partnerships.

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..