For stalled construction of Ejipura flyover, BBMP publishes new tender

13 Jan 2023 CW Team

The flyover connecting Ejipura Main Road and Kendriya Sadan in Koramangala, Bengaluru, is now under construction. The Bruhat Bengaluru Mahanagara Palike (BBMP) has reissued a tender for it, worth INR 1.44 billion. The tender for the 2.5 kilometre flyover, which had been given to Simplex Infrastructure, had been annulled by the Karnataka government in March 2022 as a result of a high court order. After a thorough evaluation, a fresh tender has been released to hire a different company to finish the unfinished work. The construction of a flyover to reduce traffic in the Koramangala region was contracted for in 2017, however due to delays, only some of the work was completed. In 2022, the Urban Development Department ordered the BBMP to issue a new tender at a project cost of INR 2.04 billion in accordance with the requirements of the Karnataka Transparency in Public Procurement Act. But for technical reasons, the contract was not granted.

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..