Construction of Pune-Shirur Elevated Highway to Start by Mid-Year: MSIDC

13 Mar 2025 CW Team

The construction of the 53.4 km Pune-Shirur six-lane elevated highway is set to commence by June or July, according to officials from the Maharashtra State Infrastructure Development Corporation (MSIDC). The Rs 75.15-billion project has completed its second pre-bid process, with tender allocation anticipated in April or May.

The project aims to ease congestion and enhance road conditions on the Pune-Shirur route. It will be constructed under the design, build, finance, operate, and transfer (DBFOT) model with a 30-year concession period. Deputy CM and Finance Minister Ajit Pawar highlighted the project in the state Budget for 2025-26, stressing its importance for improved connectivity.

Approved by the state cabinet in 2024, the project will require 41 hectares of land and is expected to be completed within four years. It will ultimately connect to the Samruddhi Highway and Chhatrapati Sambhajinagar.

The elevated highway was initially under the National Highways Authority of India (NHAI) but was later transferred to MSIDC following a memorandum of understanding between the central and state governments. MSIDC reissued tenders after NHAI’s initial process was cancelled.

Officials have confirmed that minimal land acquisition will be necessary, as the elevated corridor will run alongside the existing Pune-Shirur highway. The project will also include enhancements to the current road network.

Commuters on the Pune-Shirur road are hopeful that MSIDC will meet the proposed timeline.

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..