Telangana Sets FY-End Deadline For Hyderabad Metro Takeover

19 Dec 2025 CW Team

The Telangana government has directed officials to complete the process of taking over Hyderabad Metro Rail from Larsen & Toubro by the end of the current financial year. Reviewing the status of the proposed takeover on Tuesday, Chief Secretary K Ramakrishna Rao stressed that the transition must be carried out smoothly and expeditiously in line with the agreement reached between the state and L&T.

He clarified that the process should proceed without disrupting existing agreements and asked officials to implement planned actions in a systematic manner over the next 100 days. The transaction advisor, IDBI, has been instructed to finalise its report at the earliest to facilitate completion of the takeover.

Rao said L&T must extend full cooperation during the transition and directed Hyderabad Metro Rail Limited Managing Director Sarfaraz Ahmad to prepare proposals related to operations and maintenance after the transfer.

The review meeting was attended by Advisor (Urban Transport) to the state government NVS Reddy, Special Chief Secretary Vikas Raj, L&T Metro Rail Hyderabad Limited Managing Director KVB Reddy, representatives from IDBI and other officials.

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..