SIPCOT Industrial Park to be Developed on 800 acre in Cheyyur: TN CM

13 Mar 2025 CW Team

A new SIPCOT industrial park spanning 800 acre is set to be established in Cheyyur to enhance industrial development in Chengalpattu district, Tamil Nadu. Chengalpattu is already a key industrial hub in the state, and this initiative aims to strengthen its growth further.

At a government function in suburban Chengalpattu, the Chief Minister inaugurated 47 completed projects valued at Rs 2.80 billion. Additionally, foundation stones were laid for five new projects worth Rs 4.97 billion. As part of the event, government welfare assistance amounting to Rs 5.08 billion was distributed to 50,606 beneficiaries.

A new scheme for issuing land pattas was also introduced, benefiting 25,965 individuals residing in urban areas. On the occasion, 13,966 people were granted pattas.

Before the event, the Chief Minister walked from Thirukkazhukundram to the venue, receiving a warm welcome from women, students, and other members of the public. During his walk, he interacted with citizens and accepted petitions from them.

This series of initiatives is expected to drive economic development, improve infrastructure, and support industrial expansion in Chengalpattu, further solidifying its position as a major industrial district in Tamil Nadu.

News source: The Week

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..