Road Ministry to Award Rs.3 Lakh Crore in Contracts in 3 Months

06 Aug 2024 CW Team

India's Road Transport and Highways Ministry is set to award contracts exceeding ?3 lakh crore within the next three months. This significant move aims to accelerate infrastructure development and boost the country's road network.

The planned contracts cover a broad spectrum of road projects, including the construction of highways, expressways, and other critical infrastructure. The initiative is expected to enhance connectivity, reduce travel times, and support economic growth by improving transportation efficiency across the country.

Union Minister Nitin Gadkari highlighted that this aggressive push is part of a broader strategy to address road infrastructure deficiencies and facilitate smoother transportation. By awarding these contracts promptly, the ministry aims to generate substantial employment opportunities and stimulate growth in the construction and related sectors.

The swift award of these contracts is also expected to bolster investor confidence and attract further investment in India's infrastructure development. The move underscores the government's commitment to upgrading the nation's road infrastructure and achieving key milestones in national development plans.

Overall, this ambitious plan reflects a proactive approach to infrastructure enhancement, aiming to significantly improve India's road network and contribute to the country's economic advancement.

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..