PMC Receives Rs.1.40 Bn for Katraj-Kondhwa Road Project

04 Jul 2024 CW Team

The Pune Municipal Corporation (PMC) has secured ?1.40 billion from the Maharashtra government for the Katraj-Kondhwa road project. This funding aims to accelerate the development of key infrastructure, enhancing connectivity and easing traffic congestion in Pune.

The financial support from the state government is earmarked specifically for the Katraj-Kondhwa road project, a crucial initiative aimed at improving transportation links in Pune. The project's objective is to reduce travel time, enhance accessibility, and improve overall urban mobility for residents and commuters in the city.

The Katraj-Kondhwa road project is part of PMC's broader efforts to upgrade and expand Pune's road infrastructure to keep pace with the city's rapid urbanisation and growing population. It is expected to address long-standing traffic issues and improve connectivity between major residential and commercial areas.

The infusion of ?1.40 billion into the project underscores the Maharashtra government's commitment to enhancing urban infrastructure in Pune and promoting sustainable development. The funding allocation reflects proactive measures to address infrastructure gaps and improve the quality of life for Pune's residents.

PMC will utilise the funds to expedite construction and complete the Katraj-Kondhwa road project within the stipulated timelines. The project's successful implementation is anticipated to facilitate smoother traffic flow, reduce congestion, and support economic activities in Pune's expanding metropolitan area.

Overall, the funding infusion for the Katraj-Kondhwa road project represents a significant investment in Pune's infrastructure development, aimed at fostering inclusive growth and improving the overall urban living environment in the city.

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..