Delhi CM greenlights MoU for phase-4's initial 3 metro corridors

21 Feb 2024 CW Team

An official statement conveyed that the signing of a memorandum of understanding (MoU) for the first three corridors under Phase-IV of the metro has been approved by Arvind Kejriwal, Chief Minister, Delhi. The approval involves collaboration between the Delhi government, the Centre, and the Delhi Metro Rail Corporation (DMRC). Presently, the DMRC is actively engaged in the construction of a 65.2-km stretch encompassing three priority corridors with 45 stations.

The three corridors include Janakpuri West-RK Ashram Marg (28.92 km) and Majlis Park-Maujpur (12.55 km), both extensions of the Magenta Line and Pink Line of the Delhi Metro. Additionally, the Aerocity-Tughlakabad corridor (23.62 km), known as the Golden Line, is under construction to connect the Violet Line and the Airport Line from their respective ends.

As per the official statement from the Delhi government, the approval granted by Chief Minister Arvind Kejriwal will expedite the progress of construction on these three corridors. The statement emphasized that the MoU will play a crucial role in eliminating any "obstacles" encountered during the construction phase.

The statement also highlighted the efforts of the Kejriwal government in seeking approval for the remaining three Phase-IV corridors, which are currently pending with the central government. These proposed corridors awaiting approval are Rithala-Bawana-Narela, Inderlok-Indraprastha, and Lajpat Nagar-Saket G Block, and the government is actively pursuing their swift approval.

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..