L&T bags K-RIDE's suburban rail project

03 Jan 2024 CW Team

After a long delay, the Rail Infrastructure Development Company-Karnataka (K-RIDE) has awarded a tender for civil works of suburban rail project's corridor 4 (Kanaka Line). Larsen and Toubro will construct the 46-km rail line that connects Heelalige (near Electronics City) and Rajankunte, a locality in the north.

K-RIDE issued a letter of acceptance to the contractor for design and construction of the elevated line. The contract doesn?t cover the construction of 19 railway stations proposed on this corridor. The project cost is Rs 1,040 crore. The contractor will also build a double-decker alignment of 1.2km that will cover Majestic-Devanahalli and Heelalige-Rajankunte line near Yelahanka. At Benniganahalli, the proposed suburban rail for a length of 500 metres will be built below the Namma Metro line. K-RIDE claimed the shared alignment (common right of way) at Benniganahalli is a first-of-its-kind project in India.

Earlier, K-RIDE had awarded a tender to the same contractor for building corridor 2 from Byappanahalli to Chikkabanavara for a length of 25km. Officials said tenders for other two corridors Majestic to Devanahalli and Kengeri to Whitefield would be invited shortly.

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..