Rs 8 Billion Boost for Cuttack-Nergundi Railway Upgrade

15 Jul 2025 CW Team

The Ministry of Railways has sanctioned a fourth railway line on the 16-km Cuttack–Nergundi stretch, including a railway overbridge at Nergundi, at an estimated cost of Rs 8.03 billion.

The new line will enhance train handling efficiency on the Howrah–Chennai mainline and the Cuttack–Paradip section. This corridor currently suffers from delays due to high freight traffic from Paradip Port and lack of direct junctions for Talcher-bound trains. The new infrastructure will decongest the network by separating port traffic from the mainline, thereby improving operations for passenger and Mail/Express services to and from Cuttack and Bhubaneswar.

As part of the upgrade, two new bridges across the Mahanadi and Birupa rivers will be built. The entire project will feature 2x25 KV electrification, support a top speed of 130 kmph, and include Kavach safety technology. Officials noted that the proposed overbridge will eliminate level crossings and speed up cargo movement of coal, coke, and minerals toward Paradip.

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..