Maharashtra Dy CM urges acceleration of Pune Metro Flyover Project

10 Aug 2023 CW Team

Ajit Pawar, the Deputy Chief Minister of Maharashtra, issued instructions to the concessionaire of the Pune Metropolitan Region Development Authority (PMRDA) to explore the possibility of advancing the completion deadline for the double-deck flyover project. The flyover spans from Savitribai Phule Pune University (SPPU) Chowk to the E-Square junction. The suggested new deadline for the project is September 2024, rather than the initially planned November 2024.

This double-deck flyover constitutes a vital component of the extended 23-kilometer third Metro line connecting Hinjewadi to Shivajinagar. The comprehensive Metro line is scheduled for operational readiness by April 2025.

During an online review session, the Deputy CM engaged with officials from the PMRDA and conveyed the state government's readiness to facilitate any required permits for the ongoing work. He urged the PMRDA's concessionaire to expedite the project's progress.

Among the project's milestones, 20 out of the total 34 pillars required for the flyover's construction have been successfully erected. Concurrently, the advancement of the Metro work has reached a completion rate of 39 per cent.

A representative from the PMRDA reported that Pawar has requested a comprehensive report from the concessionaire within the next two to three days, outlining the strategy to adhere to the revised timeline.

Furthermore, Deputy Chief Minister Pawar instructed the Pune Municipal Corporation (PMC) to secure the necessary land for widening Ganeshkhind Road, a measure aimed at accelerating the project's pace. The representative quoted the Deputy CM as emphasising that the process of land acquisition for the road expansion should conclude within the following 15 days.

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..