MADC Begins Demolition for Nagpur Airport Expansion

16 Jan 2025 CW Team

The Maharashtra Airport Development Company (MADC) has started demolishing structures in Shivangaon village as part of the land clearance process for the expansion of Nagpur Airport, which will include the construction of a second runway. The project is progressing as plans to hand over the airport to GMR gather momentum. MADC officials have stated that the second runway will pass through Shivangaon, and the demolition of structures will continue for the next month.

In 2016-17, local residents were compensated with land at Chinchbhuvan, although many chose to remain in Shivangaon, renting out their properties or allowing relatives to occupy them. A 13-hectare parcel in Shivangaon is yet to be cleared. Homes identified for demolition have been marked with crosses, signalling their removal. According to the land swap agreement, MADC will transfer 288 hectares of land to the Indian Air Force (IAF) in exchange for land near the airport, which will be used for expansion. Locals have expressed dissatisfaction with the compensation provided, arguing that it was insufficient to rebuild their homes.

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..