Centre approves Rs 65.85 Bn for seven national highway projects in Andhra

20 Sep 2024 CW Team

Andhra Pradesh's Roads and Buildings Minister, BC Janardhan Reddy, announced that the Central government had sanctioned Rs 65.85 billion for the development of seven national highway projects spanning 384 kilometres in the state. The projects include the highways connecting Kodumuru to Pericherla, Sangameshwaram to Nallakaluva, Nandyal to Kurnool, Vempally to Chagalamarri, Gorantla to Hindupur, Muddanuru to B Kothapalli, and Pendurthy to Bavardha.

Reddy emphasised that Chief Minister N Chandrababu Naidu had placed special importance on securing these funds through coordination with officials from the Prime Minister's Office and the Union Ministry of Road Transport, among others.

During a press conference at the Secretariat, Reddy explained that these seven projects, initially allocated to Andhra Pradesh under the Bharat Mala project, had faced delays for various reasons. However, he noted that his recent visit to Delhi and meeting with Union Road Transport Minister Nitin Gadkari had been successful in reviving them. The minister also mentioned that the Standing Finance Committee had removed these projects from the Bharat Mala initiative and included them in the National Highways Ordinary Programme.

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..