Panaji Nears Completion of Key Smart City Project

12 Jun 2024 CW Team

Imagine Panaji Smart City Development Limited (IPSCDL) is nearing the completion of its Smart Conversion of Overhead to Underground Electrical Network (SCOUGEN) project. This ambitious initiative aims to convert the overhead electrical network in Panaji and Ribandar into an underground system, significantly enhancing the city's power infrastructure.

The project, costing Rs 73.75 crore, involves installing 36 compact substations and extensive cabling work. Begun in January 2019, it is funded under the Smart Cities Mission, reflecting a major step towards modernizing Panaji's infrastructure. The conversion to an underground electrical network promises to reduce power outages and improve reliability. By eliminating overhead cables, the project will also enhance the city's aesthetic appeal and reduce maintenance costs associated with the traditional network.

The completion of the SCOUGEN project will provide residents and businesses with a more stable and efficient power supply, contributing to the overall improvement in the quality of life in Panaji. Additionally, this initiative aligns with the broader goals of the Smart Cities Mission, which aims to promote sustainable and inclusive urban development across India.

The SCOUGEN project is a critical component of Panaji's transformation into a smart city, showcasing the city's commitment to leveraging modern technology for better urban management and services. As the project nears completion, Panaji residents can look forward to a more resilient and reliable electrical infrastructure, setting a benchmark for other cities to follow.

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..