NCC secures 3 orders worth Rs 42.06 billion

04 Oct 2023 CW Team

NCC announced that it has received three orders totalling Rs 42.06 billion from both Central and State government organisations in September. According to the company's regulatory filing, the water division is responsible for one order for Rs 8.19 billion, the electrical division is responsible for another order worth Rs 1.73 billion, and the transportation division is responsible for the third order worth Rs 32.13 billion. According to the filing, NCC's portion of the Rs 63.01 billion order that J Kumar-NCC Joint Venture received from the Mumbai Municipal Corporation is Rs 32.13 billion. The joint venture between J Kumar and NCC is owned by NCC to the tune of 51%. According to the firm, these directives are obtained from State and Central government authorities and do not include any internal orders. The NCC has increased its footprint in a number of infrastructure development and construction industries. Construction projects from the company's portfolio include projects for buildings, transportation, water and the environment, electrical transmission and distribution, irrigation, mining and railroads.

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..