Rourkela smart projects worth Rs 800 crore to be completed in June

04 Jan 2022 CW Team

Keeping an eye on the Men’s Hockey World Cup- 2023, the Rourkela Smart City Ltd (RSCL) plans on completing the main projects approximately worth Rs 800 crore by June 2022, considering that there won’t be a third Covid-19 wave.

The Birsa Munda Stadium is currently under construction and is considered to be India’s largest. It is going to be completed by March 2022. However, the multi-level car parking will be completed soon. The Biju Patnaik indoor stadium is almost ready.

The development of 11 stormwater drains worth Rs 95 crore that is under construction will be ready by April. Other projects that are under construction include the Panposh market complex renovation worth Rs 48.18 crore, tribal museum, control and command center, convention center along with an auditorium worth Rs 116.76 crore. A smart road phase-II project that will have an underground drainage facility along multi-utility pipelines worth Rs 104.71 and development of DAV pond along with landscaping are also being developed.

The Brahmani riverfront project that costs approximately Rs 44.30 crore is pending due to the tender process. Demarcation was carried out and soon the riverfront project will be taken up. The new recreational facility set up in Koelnagar worth Rs 15.33 crore is likely to miss the completion target set in June.

According to officials, all roads of the RSCL, Rourkela Municipal Corporation, and Public Works department will be completed in the upcoming six or eight months.

Image Source

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..