Tamil Nadu to launch Rs 450B infra projects via PPP model

17 Apr 2025 CW Team

Tamil Nadu is set to roll out over 50 infrastructure projects worth more than Rs 450 billion over the next two years, spanning aviation, power, water, and industrial sectors. These will be executed via the public-private partnership (PPP) model.

The biggest among them is the Rs 200 billion greenfield airport at Parandur, near Chennai, which has received in-principle approval from the Centre. The bidding process is currently underway. Other major projects include two large pumped hydro storage schemes in Vellimalai (1,100 MW) and Aliyar (1,800 MW), together valued at Rs 117.21 billion, and a 660 MW thermal power plant in North Chennai estimated at Rs 70 billion.

The state is also pushing ahead with 24x7 water supply systems, a desalination plant, power transmission lines, industrial hubs, and a waste-to-energy facility. While smaller projects are expected to be completed within two years, the larger ones could take up to five or six years.

The energy push comes as Tamil Nadu prepares to meet its growing power demand, which is projected to double by 2030 as part of its vision to become a trillion-dollar economy.

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..