Work on Varanasi-Ranchi-Kolkata expressway to begin in Jan

01 Dec 2022 CW Team

Construction of a six-lane Varanasi-Ranchi-Kolkata expressway is set to commence in January 2023, as the work order will be allotted by next month.

Earlier, this month, the National Highways Authority of India (NHAI) had floated global tenders to build the 54-km initial stretch, starting from Varanasi. This includes a 27-km stretch between Varanasi Ring Road and Chandauli-Chainpur Road in Uttar Pradesh and Bihar at a cost of Rs 9.88 billion.

Another tender involves a 27-km stretch from Chandauli-Chainpur Road to the junction with Bhabhua-Adhaura Road in Bihar at a cost of Rs 9.45 billion. Both the packages are to be built on Hybrid Annuity Mode (HAM), which requires the construction company to design, build, operate and then transfer the asset to the NHAI for toll collection.

The NHAI is scheduled to select the qualified construction firm and allot the work order in last week of December this year. The 610-km-long greenfield expressway has been planned under Bharatmala Pariyojna (BMP) Phase-2 to provide smooth connectivity to the northern and eastern regions of the country.

Starting at the junction of NH19 and Varanasi Ring Road, the access-controlled expressway passes through Bihar and Jharkhand before terminating at NH-16 near Uluberia in Howrah district in West Bengal.

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..