MoC to boost Nagpur Zone last-mile connectivity

10 Mar 2023 CW Team

Mihan-SEZ and MahaMetro Corporation have signed a memorandum of cooperation (MoC) to improve last-mile connectivity within the zone in Nagpur. In order to reach the interior units within Mihan after getting off the Metro rail at Khapri station, passengers currently have to take various modes of transportation under the feeder service provided by MahaMetro. MahaMetro Corporation and Mihan-SEZ will both gain from the MoC's signing. As part of the feeder service, MahaMetro will be able to operate as many vehicles as necessary thanks to the MoC. It is not necessary to obtain new permission to increase the number of vehicles operating under the feeder service arrangement, even though this may be a multimodal service. However, vehicles are not permitted to use the SEZ as a thoroughfare and must not cross from the opposite side.

In addition, MahaMetro and Mihan-SEZ signed a second Memorandum of Understanding (MoU) with the Construction Industry Development Council (CIDC), a Niti Ayog-established organization with members from both the private and public sectors. The signatories want to share best practices and make it easier for them to work together. Furthermore, Mihan will be introduced during the India Development Meet 2023, booked to occur in Delhi from April 10 to 12, by the CIDC.

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..