NBCC Wins Rs 37 Billion Mixed-Use Project in Rajasthan

28 Aug 2025 CW Team

State-owned NBCC Ltd has been awarded the role of lead agency for a major mixed-use development project in Rajasthan, with an estimated investment of Rs 37 billion. The 95-acre site, situated along B2 Bypass on Tonk Road, is owned by the Rajasthan State Industrial Development & Investment Corporation (RIICO).

According to a regulatory filing on Monday, NBCC will be responsible for designing, building, and marketing key infrastructure including the Rajasthan Mandapam Convention Centre, a Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and various commercial and residential spaces.

The highlight of the project is the Rajasthan Mandapam Convention Centre, which will be developed across 25 acres and feature a seating capacity of 7,500, making it one of the region’s most significant event venues.

The Rajasthan government has officially approved the development, which aims to create a high-value economic and hospitality corridor anchored by modern convention, business, and residential infrastructure.

NBCC Ltd, a central public sector enterprise under the Ministry of Housing and Urban Affairs, is engaged in project management consultancy (PMC), real estate development, and engineering, procurement, and construction (EPC) services. This new contract further enhances its role in shaping state-level infrastructure aimed at boosting economic activity and global investment appeal in Rajasthan.

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..