Sub-Rs 1k Crore Shortcut Approved

18 Oct 2024 CW Team

The Indian government has approved a sub-Rs 1,000 crore shortcut project under the Bharatmala Pariyojana, aimed at enhancing road connectivity and streamlining highway routes. This shortcut project is designed to improve national highways by offering a more direct and efficient route, cutting travel times and improving logistics. By focusing on cost-effective solutions, the government aims to expedite the construction and development of highways across the country, particularly in critical economic corridors.

The National Highways Authority of India (NHAI) has identified areas where these shortcuts can provide significant benefits, including decongesting heavily trafficked routes and reducing distances between major cities and towns. This approach not only supports faster completion but also ensures cost-efficiency, helping to keep the overall expenditure below Rs 1,000 crore.

The Bharatmala project is one of India’s most ambitious infrastructure programs, focusing on developing 34,800 km of roads to improve the country’s road network and support its growing economy. With this new shortcut initiative, the program is expected to accelerate the movement of goods, reduce vehicle operating costs, and enhance the country’s logistics framework.

Government officials noted that by utilizing innovative planning and leveraging existing infrastructure, this sub-Rs 1,000 crore project exemplifies how smaller, targeted interventions can have a large-scale impact. This project aligns with India’s long-term goal of improving its transportation infrastructure while maintaining budgetary discipline.

The shortcut project will further integrate with the larger Bharatmala scheme, ultimately supporting regional development and boosting India’s competitiveness on a global scale by facilitating faster trade and transport. It underscores the government's commitment to advancing infrastructure while ensuring sustainable and efficient use of resources.

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..