Nashik Smart City Halts Development of 57 Roads Over Delays

02 Dec 2024 CW Team

The Nashik Municipal Smart City Development Corporation Ltd (NMSCDCL) has cancelled plans to develop 57 of the 197 proposed roads in the old city areas due to delays and unresolved issues. Initially, the project aimed to improve 197 major and minor roads spanning a total of 43 kilometers at an estimated cost of Rs 2.37 billion.

Under the Area-Based Development (ABD) initiative, the project focused on upgrading roads in older parts of the city, including Panchavati and Bhadrakali. However, only 140 roads covering 32 kilometers were completed, costing Rs 1.75 billion. The remaining 57 roads, measuring 11 kilometers, faced delays due to local resistance and contractors failing to secure necessary clearances.

An NMSCDCL official confirmed that the administration cancelled the incomplete projects during a recent board meeting. The initiative was designed to revamp the city's aging civic infrastructure, incorporating footpaths, utility conduits, water and stormwater lines, street furniture, traffic signage, landscaping, improved junctions, and smart bus stops. The cancellation marks a setback for efforts to modernize Nashik’s old city areas.

(TOI)

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..