Odisha, AAI sign pact to develop Jharsuguda airport

11 Nov 2025 CW Team

The Odisha government has signed a memorandum of understanding (MoU) with the Airports Authority of India (AAI) for developing a full-fledged airport at Jharsuguda in western Odisha at an estimated cost of Rs 2.1 billion.

At present, the Jharsuguda facility, operated by AAI, caters only to a few chartered flights. Odisha currently has just one operational full-scale airport — the Biju Patnaik International Airport in Bhubaneswar.

Under the new agreement, the state government will contribute Rs 750 million towards the project. AAI already holds 909.22 hectares of land in Jharsuguda, while the state has agreed to provide an additional 296.5 acres free of cost, including 118.75 acres to be transferred immediately.

AAI Chairman Alok Sinha said, “We can complete construction of the airport within two years from the date of land acquisition.”

Once operational, the Jharsuguda airport is expected to significantly enhance regional air connectivity and spur economic development across western Odisha.

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..