G R Infraprojects Wins Rs 14.54 Billion NHAI Contract in Gujarat

06 Apr 2026 CW Team

G R Infraprojects has been awarded a Rs 1,454 crore contract by the National Highways Authority of India to upgrade a highway in Gujarat. The contract value is equivalent to Rs 14.54 billion (bn) and will be recorded in the company’s order book. The assignment covers upgrade and strengthening works on the designated highway stretch and will be executed under the terms specified by the authority. The company will mobilise resources and manage project execution through its engineering and construction teams.

The National Highways Authority of India selected the firm following its standard procurement procedures and contractual framework. The project forms part of broader government initiatives to enhance arterial connectivity and road capacity within the state. Execution of the works is expected to involve coordination with local agencies and suppliers to meet technical and regulatory requirements. The contract represents a continuation of the firm’s focus on road infrastructure projects across various regions.

G R Infraprojects operates in the infrastructure sector with a portfolio of highway and civil engineering projects and a pipeline of ongoing assignments. The new contract will augment the firm’s order inflows and is likely to support revenue visibility during the execution period. The award reinforces the company’s strategic emphasis on core engineering, procurement and construction activities. Management will be required to oversee project delivery while maintaining safety, quality and timelines.

The project is expected to stimulate local demand for construction materials and labour during the execution phase and to improve transport links for communities and businesses. Improved highway capacity may facilitate smoother movement of goods and passengers and contribute to regional economic activity. The contract win underscores continued investment in road infrastructure by central agencies.

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..