MMRDA launches metro line - pillar work in Kalyan & Dombivli

14 May 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated the construction of the Kalyan to Taloja Metro Line 12 and has initiated work in Kalyan. It has been noted that excavation activities have commenced near the APMC market in Kalyan (West) and at various locations in Dombivli for the construction of Metro pillars.

It has been reported that the project, which is estimated to cost Rs 58.65 billion, recently began in Dombivli.

In February, Chief Minister Eknath Shinde was reported to have performed the groundbreaking ceremony for this project. Following this event, work on the Metro Line 12 project began within a short period of time.

Initially, it was mentioned that the project work started at a single location in Dombivli. However, it has since expanded to include the APMC market road in Kalyan and multiple other sites in Dombivli.

It has been stated that the route covers a total distance of 22 km and will include 19 stations.

It has been predicted that once this metro line becomes operational, two and a half lakh passengers will benefit from it regularly. Additionally, it has been suggested that this will also reduce the crowd on local trains between Kalyan and Thane.

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..