MMRDA Issues Tender for Mumbai Metro Line 4 Trackwork

30 Aug 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has released a tender for the construction and commissioning of ballastless trackwork for Line 4 of the Mumbai Metro Rail Project. This ambitious project will span from Bhakti Park (ch: -550.000 meters) to Mulund Fire Station (ch: 18929.611 meters), including the siding tracks at Bhakti Park Station and a pocket track between Sonapur and Mulund Fire Station.

The comprehensive scope of work includes the design, construction, manufacturing, supply, installation, testing, and commissioning of the trackwork. The project, valued at Rs 2.24 billion, is set to be completed within 24 months of commencement.

Interested bidders are required to submit their proposals by the due date of September 12, 2024. The tender marks a significant step forward in expanding Mumbai's metro network, enhancing connectivity and easing commuter congestion in the bustling metropolis.

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..