RVNL bags Nagpur Metro Phase 2 Viaduct Package C-01’s Contract

28 Jun 2023 CW Team

Rail Vikas Nigam Limited (RVNL) said last week in a regulatory filing that it has been deemed the lowest bidder for 6.92 km Package C-01 in Reach 2A of Nagpur Metro's 43.8 km Phase 2 project.

The 13-kilometer-long elevated Reach 2A will connect Nagpur Metro's 19.658-kilometer-long Orange Line, which was completed in Phase 1, to the Kanhan River via 12 elevated stations.

Station construction and the viaduct connecting them are being bid on independently. Package C-01's scope of work solely includes the viaduct from east of Automotive Square Station to Lekha Nagar Station.

In February 2023, Maharashtra Metro Rail Corporation Limited (MAHA-METRO) issued an invitation for bids for its construction, with an undetermined budget and a 30-month completion target. In April 2023, technical bids were invited.

RVNL’s Bid: Rs 394,89,84,782

Brief Scope: Design And Construction Of Elevated Metro Viaduct Of Length 6.92 Km Between Ch. (-) 657.182 M To Ch. (-) 7576.78 M In Reach 2A Of NMRP Phase-2.

Package C-05 will be used to build 6 stations that are now under construction in Pili Nadi, Khasara Fata, All India Radio, Kheri Fata, Lok Vihar, and Lekha Nagar. Bids were requested in March 2023, and on June 14 technical bids were opened.

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..