MSRDC inks pact with GAIL for laying gas pipelines

28 Mar 2022 CW Team

The Maharashtra State Road Development Corporation (MSRDC), the authority implementing the project, has signed an agreement with the Gas Authority of India Limited (GAIL) to lay gas pipelines alongside the utility corridor, on each side of the Mumbai-Nagpur expressway.

The Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Mumbai to Nagpur brings prosperity to the state of Maharashtra. Before the highway is even thrown open for traffic, the corridor which is currently under construction received Rs 500 crore for the state exchequer.

MSRDC VC and MD Radheshyam Mopalwar told the media that the idea of having a utility corridor was ensuring the interiors of the state like Wardha, Jalna, and Aurangabad will have direct gas pipeline supply.

He said that Jalna is the steel manufacturing capital of Maharashtra. With the supply of gas, the sector will be boosted. Domestic users will further benefit from it. The households in the interior belt of Maharashtra will have easy gas supply through these pipelines. It will majorly impact the industrial as well as domestic levels. The officials said the MSRDC has signed the lease agreement for 30 years. Already 80% of the amount which is Rs 500 crore has already been disbursed.

The work of laying down the gas pipeline has also been started.

Image Source

Also read: kKEC International bags order for civil, oil and gas pipeline business

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..