Indian Navy Signs Rs 2.7 billion Diesel Engine Deal

04 Apr 2025 CW Team

The Indian Navy has signed a Project Sanction Order with Kirloskar Oil Engines Limited for the design and development of a 6MW Medium Speed Marine Diesel Engine under the Make-I category. The agreement, valued at Rs 2.7 billion, was signed in New Delhi in the presence of Defence Production Secretary Sanjeev Kumar and Vice Chief of the Naval Staff Vice Admiral Krishna Swaminathan.

With over 51 per cent indigenous content, the prototype engine will receive 71 per cent funding from the Government of India. The project also includes designing engines in the 3-10MW range for main propulsion and power generation in Indian Navy and Indian Coast Guard ships.

India currently imports most high-capacity diesel engines from foreign OEMs. This initiative will reduce dependency, save foreign exchange, and boost indigenous defence manufacturing. It is aligned with the government’s Aatmanirbharta vision, strengthening India's defence industrial ecosystem and technology self-reliance.

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..