Indian Navy Inducts 10th ACTCM Barge LSAM 24 at Mumbai Dockyard

24 Apr 2025 CW Team

The Indian Navy marked a significant milestone with the induction of the 10th Ammunition Cum Torpedo Cum Missile (ACTCM) Barge, LSAM 24 (Yard 134), at a ceremony held on 22 April 2025 at the Naval Dockyard in Mumbai. Commodore AKK Reddy, AGM (PR), ND (Mumbai), graced the occasion as the Chief Guest.

This induction is part of an 11-barge contract awarded to M/s Suryadipta Projects Pvt Ltd, Thane—an MSME shipyard—on 5 March 2021. The barges have been indigenously designed in collaboration with an Indian ship design firm and have successfully undergone model testing at the Naval Science and Technological Laboratory, Visakhapatnam, to validate their seaworthiness.

The ACTCM Barges are constructed in adherence to the Indian Register of Shipping (IRS) Naval Rules and Regulations and stand as robust examples of the Government of India’s “Make in India” and “Aatmanirbhar Bharat” initiatives. With nine barges already delivered, this latest addition further strengthens the Navy’s logistics infrastructure.

The shipyard has also secured a contract to construct four Sullage Barges, reaffirming the Indian Navy’s ongoing support for MSMEs and indigenous manufacturing.

The induction of the ACTCM Barges enhances the Navy’s ability to efficiently transport, embark, and disembark critical stores and ammunition to naval platforms both dockside and at sea, ensuring operational readiness and logistical sustainability.

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..