NBCC Secures Rs 1.31 Bn Township Project in Meghalaya

02 May 2025 CW Team

NBCC (India) Ltd announced on Tuesday, 29 April, that it has secured an order valued at Rs 1.31 billion from the North Eastern Electric Power Corporation Ltd (NEEPCO). Under the contract, NBCC will develop a township on a 21.66-acre land parcel owned by NEEPCO in Umsawli, located in Shillong, Meghalaya.

The order adds to a series of recent project wins for the state-owned construction and infrastructure firm. Last week, NBCC revealed it had received fresh infrastructure contracts worth Rs 646.7 million. These include a Rs 296.5 million assignment for constructing a hostel block at Sewa Bharti’s Vidya Mandir in Mandoli, Delhi; a Rs 180.5 million contract for infrastructure development at NALSAR University of Law, Hyderabad; and Rs 169.7 million worth of development work at Dhamnagar College in Bhadrak, Odisha.

Earlier in April, the company also secured orders worth Rs 1.21 billion, including the construction of a multi-storey court building in Gudivada, Andhra Pradesh (Rs 466.9 million), a 14-court complex in Bhimavaram (Rs 721.7 million), and renovation work at the TEC Building in New Delhi (Rs 20.4 million). In addition, NBCC signed a Memorandum of Understanding (MoU) with RailTel to collaborate on the development of data centre infrastructure.

NBCC shares were trading 0.41 per cent lower at Rs 98.24 on Tuesday at 1:35 PM. Despite the dip, the stock has delivered a 20.4 per cent gain over the past month.

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..

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..