RVNL Wins First Delhi Metro Phase IV Project

31 Jul 2025 CW Team

Rail Vikas Nigam (RVNL), the construction arm of the Ministry of Railways, has secured its first Delhi Metro project under Phase IV of the Delhi Mass Rapid Transport System. The awarded contract involves the construction of a 7.298 km elevated corridor connecting Lajpat Nagar and Saket G Block, strengthening public transport infrastructure in the capital.

Valued at around Rs 4.47 billion (inclusive of GST), the project includes the design and construction of an elevated viaduct and seven metro stations. These stations will be located at Saket G Block Pushp Vihar, Saket District Centre, Pushpa Bhawan, Chirag Delhi, GK-1, Andrews Ganj, and Lajpat Nagar. The project is slated for completion within 36 months.

“This project is a significant opportunity for RVNL to contribute to the future-ready infrastructure of Delhi. We are committed to delivering it with excellence, safety, and innovation, fully aligned with DMRC's vision of creating world-class urban mobility systems,” said Pradeep Gaur, Chairman and Managing Director of RVNL.

RVNL is currently active in metro projects across eight Indian cities. However, this contract is of particular importance as it marks the company’s entry into the Delhi Metro Phase IV expansion, further establishing its role in urban transport development.

News source: Swarajya

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..