President Murmu to Launch 3 Odisha Rail Projects on December 7

04 Dec 2024 CW Team

President Droupadi Murmu will lay the foundation stone for three railway line projects in northern Odisha on December 7 during her five-day visit to the state. The projects, located along the Badampahar-Kendujhargarh, Bangiriposi-Gorumahisani, and Buramara-Chakulia routes, aim to enhance connectivity in the region. Railway Minister Ashwini Vaishnaw announced the initiative on Monday, noting that he had invited the President to inaugurate the projects while briefing her on Odisha's ongoing railway infrastructure development.

Approved by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, these projects represent a significant investment in Odisha’s railway network.

The 82-km Badampahar-Kendujhargarh line, costing Rs 21.07 billion, will connect Keonjhar with Mayurbhanj, forming a north-northeastern rail corridor. The 86-km Bangiriposi-Gorumahisani line, valued at Rs 25.49 billion, will link Odisha's northern region with Jharkhand. Additionally, the 60-km Buramara-Chakulia line, with a Rs 1,639 crore investment, will connect Odisha's northeast to the Howrah-Mumbai mainline.

President Murmu will conclude her state visit by laying the foundation stones for these projects. She will arrive in Bhubaneswar on December 3, participate in Navy Day celebrations in Puri, and attend the 40th convocation of OUAT Bhubaneswar on December 5. Her itinerary also includes inaugurating a new judicial court complex in Bhubaneswar, visiting her native district of Mayurbhanj, and engaging with locals.

During her stay, she will visit Rairangpur Women’s College, offer prayers at the Puneswar Mahadev Temple, and inaugurate a tribal research center and sub-divisional hospital via video conferencing before returning to New Delhi.

(ET)

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..