Chennai Port Double-Decker Corridor Set For 2027 Completion

23 Sep 2025 CW Team

The double-decker elevated corridor between Maduravoyal and Chennai Port is now scheduled for completion in the first half of 2027, according to highway officials. The project, aimed at easing city traffic, is currently under construction.

Originally expected by May 2026, the project faced delays due to factors such as monsoon rains. Monthly review meetings are being conducted to closely monitor progress.

The 19-km corridor starts at Gate 10 of Chennai Port, runs along the Cooum River to Koyambedu, then joins National Highway 4 and extends to Maduravoyal. Large concrete pillars are being erected along the Cooum, with planned height adjustments before the next monsoon.

Implemented by a Mumbai-based company, the project is estimated at Rs 55.7 billion. The National Highways Authority of India (NHAI) is executing the work in four phases: Phase 1 (4.95 km) at Rs 13.89 billion, Phase 2 (5.10 km) at Rs 16.17 billion, Phase 3 (4.49 km) at Rs 12.99 billion, and Phase 4 (6.41 km) at Rs 12.05 billion.

Both central and state governments are involved, with Tamil Nadu providing land acquisition support and necessary approvals. Once operational, the corridor is expected to significantly reduce city congestion and improve cargo movement to and from the port.

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..