Road projects worth Rs 25 lakh crore to be developed

07 Dec 2020 Editorial Team

According to the government, Rs 25 lakh crore worth of road projects will be developed as part of the Rs 100 lakh crore infrastructure building programme that was declared by Prime Minister Narendra Modi. These schemes comprise revamping the models of asset monetisation as well as establishing SPVs for the Rs 1 lakh crore worth Delhi-Mumbai Corridor Project. Roads minister Nitin Gadkari was quoted in a PTI report saying that last week that he has cleared two large highway projects worth Rs 65,000 crore including the Amritsar-Ajmer express highway project worth Rs 35,000 crore.

To attract a higher number of investments in the asset monetisation programme, a revision of the model has been undertaken in alignment with the department of disinvestment model which has allowed for the realistic price discovery of an asset. As per the Indian roads minister Nitin Gadkari, the facilitation of the infrastructure debt funds ensures their participation in the asset’s direct financing under monetisation.

Under the Bharatmala initiative, the SPV national highways logistics management company has been put in place for a total of 35 logistics parks. Manoj Kumar, a member of NHAI, acts as their chairman.

To help existing partners in the road and construction sector deal with financial and logistic woes stemming from the slowing down of the economy, they have been granted sizable financial relief packages, added the Minister.

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..