MMRDA allocates Rs 2.23 bn for last-mile connectivity at 20 stations

13 Nov 2023 CW Team

Furthermore, to ensure the proper execution of the work, it has been mandated by the MMRDA that the contractor appointed will be held responsible for overseeing the work for two years following the completion of the project. Companies interested in participating can submit their bids until December 22.

The Mumbai Metropolitan Region Development Authority (MMRDA) is gearing up to implement the Multi Modal Integration (MMI) plan at 20 stations along the Mumbai Metro Line 2B, which runs from DN Nagar to Mandale, with a budget of Rs 2.23 billion.

It has been planned by the authority to establish last-mile connectivity within a 250-meter radius at these 20 stations along Metro Line 2B. Consequently, the plan has been divided into four packages, each comprising five stations.

As part of this initiative, the MMRDA aims to develop infrastructure to facilitate easy access for commuters to autos, BEST buses, private cabs, rental bicycles, and parking facilities, all within the station premises.

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..