Hindustan Construction Secures Rs 25.65 Bn Contracts for Patna Metro

26 Sep 2025 CW Team

Hindustan Construction Company (HCC) has announced the award of two major contracts from Patna Metro Rail Corporation (PMRCL), collectively valued at Rs 25.65 billion. The contracts form a key part of the first phase of the Patna Metro Rail Project.

The contracts include the construction of 10.67 km of underground tunnels using Tunnel Boring Machines (TBM) and the development of six underground metro stations. These works are expected to significantly advance the progress of the Danapur–Khemnichak Corridor.

As per HCC’s statement, Package PC-05 covers the design and construction of twin tunnels with shield TBMs, a cut-and-cover tunnel, and an underground ramp at Mithapur. It also includes three stations — Vikas Bhawan, Vidyut Bhawan, and Patna Station.

Package PC-06 will involve an underground ramp at Rukanpura, along with metro stations at Rukanpura, Raja Bazar, and Patna Zoo. Both packages also cover architectural works, water supply, sanitary, and drainage systems across the corridor.

HCC has played a pivotal role in strengthening India’s metro infrastructure, contributing to the successful execution of projects in Delhi, Bengaluru, Mumbai, and Kolkata. With the Patna Metro project, the company continues its commitment to building advanced urban transport systems that enhance connectivity and support sustainable urban development.

News source: Devdiscourse

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..