Aareve and Systra to develop Hyderabad Metro Phase-III

06 Sep 2023 CW Team

Aarvee Associates and Systra have secured contracts for preparing Preliminary Project Reports (PPRs) and Detailed Project Reports (DPRs) for Hyderabad's Phase-III Metro Rail expansion. The ambitious project includes 12 corridors spanning 278 km, with four along the Outer Ring Road (ORR) and eight extension corridors.

Hyderabad Airport Metro (HAML) initiated the tendering process in August 2023. Aarvee Associates will handle Packages II and III, while Systra will manage Packages I & IV. The consultancy firms are tasked with delivering PPRs within two months, involving comprehensive traffic surveys, travel demand forecasts, ridership estimates, and various analyses to determine appropriate public transport modes.

Following this, DPRs are expected within three months, encompassing specifics like Metro rail alignment, viaducts, station and depot planning, signalling and train communication systems, last-mile connectivity strategies, and other critical elements.

The agencies have also been directed to simultaneously initiate field surveys across all designated corridors.

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..