Mazagon Dock Shipbuilders marks 250-year milestone

16 May 2024 CW Team

Mazagon Dock Shipbuilders (MDL) celebrated the completion of 250 years. It started as a small dry dock in 1774 and was incorporated in 1934. Since 1960, it has been under the stewardship of the Government of India.

To commemorate this significant milestone, MDL organized a series of events. These included the inauguration of land acquired from the Mumbai Port Authority (MPA), the unveiling of a prototype of the indigenous midget submarine ?Arowana?, the commissioning of a Solar Electric Hybrid boat, the release of MDL?s Commemorative Coin marking the 250 years, and the hosting of a daylong technical seminar.

Giridhar Aramane, Defence Secretary, was the chief guest at the celebration. He formally inaugurated the piece of land acquired from the Mumbai Port Authority. This facility is intended for the simultaneous construction and outfitting of New Builds, Repairs / Refits of various types of vessels.

The new infrastructure will provide MDL with ample capacity to handle multiple projects simultaneously.

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..