Revised Budget Approved for Nalgonda X Road Flyover

10 Jan 2025 CW Team

Hyderabad’s Municipal Administration and Urban Development (MAUD) department has approved a revised budget of Rs 6.2 billion for the construction of the Nalgonda X Road to Santoshnagar flyover, up from the initial estimate of Rs 5.23 billion. The approval followed a detailed proposal submitted by the Greater Hyderabad Municipal Corporation (GHMC). The 3.38 km, four-lane steel flyover, a key part of the Strategic Road Development Program (SRDP), is designed to enhance connectivity in Hyderabad’s Old City. It will link the Government Printing Press in Chanchalguda to Santoshnagar, with ramps directing traffic towards Yadagiri Theatre and Champapet. Once completed, the flyover is expected to significantly reduce traffic congestion at busy junctions, including IS Sadan, Saidabad, and Chanchalguda, while improving access to major residential and commercial hubs. Construction began in 2021 and was initially slated for completion by June 2023. However, delays caused by land acquisition, underground utility works, and rising costs of construction materials like steel and cement have extended the timeline. After a thorough review of the revised costs, the MAUD department approved the updated budget. Local reports indicate that the flyover is likely to open for public use by the end of May 2025. (siasat)

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..