SWR partners with JSW for seven rake operation

20 Oct 2023 CW Team

South Western Railway (SWR) and JSW Minerals Rail Logistics had entered into an agreement under the General Purpose Wagon Investment Scheme (GPWIS) for the operation of seven specialised hopper wagons to load and unload iron ore.

SWR stated that the scheme of Indian Railways allowed the freight customer to invest in leasing wagons and offered a rebate on freight, thus incentivising transportation of bulk cargo by rail. In the long term, policies like GPWIS, by facilitating a shift from road to rail, had the potential to strengthen the supply chain for the core sector industries in the country and reduce logistics costs.

It was noted that this agreement marked a first for SWR. The rake had been manufactured by Titagarh Rail System in Kolkata, and the first rake was expected to be operative from April 2024. JSW Minerals Rail Logistics was investing Rs 290.5 million per rake. A 10% rebate on base freight was granted to the customer for every booking. The agreement had been signed by A Sundar, Chief Commercial Manager/Freight Marketing, SWR, and Sushil Nowal, Executive Vice-President (Planning and Logistics), JSW, in the presence of SWR principal officials such as Satya Prakash Shastri, Aravinda Herle G, and JSW Logistics General Manager Manmohan Shetty.

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..