PM Unveils Railway Projects Valued at Rs 28.71 Billion in Odisha

19 Sep 2024 CW Team

Prime Minister Narendra Modi laid the foundation stones and dedicated four railway projects in Odisha, with a total value of Rs 28.71 billion. According to the Prime Minister, these projects are expected to enhance rail connectivity, reduce congestion on key routes, and contribute to the region's socio-economic development.

Among the inaugurated projects was the 25 km Lanjigarh Road-Ambadola-Doikallu railway section, part of the Vizianagaram-Titilagarh third line project, which cost Rs 4.32 billion. This section is set to improve connectivity between western Odisha and Andhra Pradesh and facilitate smoother freight movement, as stated by officials.

Another project is the 23 km Laxmipur Road-Singaram-Tikiri railway section, part of the Koraput-Singapur road doubling project, completed at a cost of Rs 2.60 billion. This section is designed to increase train movement capacity in southern Odisha and ease freight movement from resource-rich areas to major markets.

Modi also dedicated the 41 km Dhenkanal-Sadashibapur-Hindol Road railway section of the Budhapank-Salegaon third and fourth line project, worth Rs 5.40 billion. This project is expected to enhance capacity on a crucial industrial route, ensuring more efficient transportation of goods.

Additionally, the 12.5 km Bangurkela-Nowgaon railway section of the Bondamunda-Ranchi doubling project, completed at Rs 2.39 billion, will help reduce congestion and improve connectivity between Odisha and Jharkhand.

Furthermore, Modi laid the foundation stones for four new railway projects, including a 7 km flyover between Siju and Paradeep coaching yard, costing Rs 2 billion. This flyover will eliminate surface crossings and ensure smoother train movements at Paradeep Port.

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..