MMRDA to Build Elevated Road on Eastern Express Highway

21 Feb 2025 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced the construction of an 8.24-km elevated road along the Eastern Express Highway, connecting Anand Nagar to Saket in Thane. The six-lane corridor, with three lanes in each direction, aims to decongest traffic by providing an alternative route for vehicles bypassing Thane.

"The elevated road will commence from Anand Nagar, within Mumbai’s limits, and extend up to the Kharegaon Toll Naka. The project has an estimated cost of Rs 21.88 billion and is expected to be completed in 48 months, including a 24-month defect liability period," a senior MMRDA official said.

A tree survey is underway to assess the environmental impact, though most of the project does not require clearance. However, a 120-meter-long section of the Kalwa Bridge needs approval, with the process currently in progress.

Once completed, the elevated road is expected to significantly ease congestion in Thane by diverting through-traffic, improving local movement, reducing travel time, and enhancing road safety. Authorities remain confident in balancing urban mobility needs with environmental concerns.

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..