SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Asset class : Infrastructure

Manori desalination plant clears CRZ stage, awaits final central approval

Mumbai News Desk

10 Apr 2026

Mumbai's proposed desalination plant at Manori has received conditional Coastal Regulation Zone clearance from the state authority and is now awaiting final approval from the central environment ministry. Planned by the BMC, the project will convert seawater into drinking water with an initial capacity of 200 MLD, expandable to 400 MLD. Estimated at around INR 11,166 crore, the project includes tunnels and distribution systems. While key approvals are in place, environmental safeguards and concerns raised by local fishing communities remain important before construction begins.Read more

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NHAI to develop ‘Arogya Van’ plantations along highways, identifies 17 sites for first phase

10 Apr 2026

The National Highways Authority of India (NHAI) has announced an initiative to develop Arogya Van thematic plantations of medicinal trees across vacant land parcels along National Highways to enhance biodiversity and ecological resilience. In the first phase, 17 sites covering 62.8 hectares have been identified across multiple states including Madhya Pradesh, Maharashtra, Gujarat and Tamil Nadu. The programme will involve planting approximately 67,462 trees comprising 36 medicinal species such as neem, amla and jamun, selected based on agro-climatic suitability. Priority locations include areas near toll plazas, interchanges and wayside amenities to improve public visibility. The initiative is positioned as part of broader efforts to integrate environmental considerations into highway infrastructure development.Read more

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BMC reduces tree loss significantly in revised Malabar Hill reservoir plan

Mumbai News Desk

10 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has reduced the number of trees affected in the Malabar Hill reservoir project from 389 to 76 after revising its plan. The move follows strong opposition from residents and environmental groups over the impact on green cover near Hanging Gardens. The civic body has now adopted a phased repair approach for the ageing reservoir and proposed a 52 MLD alternative tank to maintain water supply during the work. While the revision addresses key concerns, residents continue to question the need for additional construction in the area.Read more

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BEML signs MoU with DMRC to jointly pursue metro rail projects in India and overseas markets

10 Apr 2026

BEML Ltd has entered into a memorandum of understanding with Delhi Metro Rail Corporation Ltd to collaborate on metro rail projects across domestic and international markets. The agreement, signed in the past week, establishes a framework for jointly identifying and executing metro infrastructure opportunities by combining BEML's rolling stock manufacturing capabilities with DMRC's expertise in project execution and operations. The partnership comes as BEML expands its global presence, following a recent overseas metro rolling stock order worth around USD 60 million in Africa. The collaboration also includes a focus on developing indigenous technologies such as propulsion systems and tunnel boring machines to support future urban transport projects.Read more

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Bharat Mandapam underpass work to resume, completion targeted by December 2026

10 Apr 2026

The underpass project near Bharat Mandapam in Delhi has received key approval from Indian Railways, allowing construction to move ahead after a long delay. The Bhairon Marg underpass, part of the Pragati Maidan Integrated Transit Corridor, had been stalled due to technical and coordination issues. With a revised plan now cleared, work is expected to restart with a completion target set for December 2026. The project is aimed at easing congestion in central Delhi and improving connectivity around Pragati Maidan, ITO and nearby high-traffic stretches.Read more

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DCIL signs MoU with Colombo Dockyard to expand ship repair and shipbuilding collaboration

10 Apr 2026

Dredging Corporation of India Ltd (DCIL) has entered into a memorandum of understanding with Colombo Dockyard PLC to collaborate on ship repair, maintenance and shipbuilding projects, strengthening maritime cooperation between India and Sri Lanka. The agreement, signed in the past week, will enable dry-docking and repair services for DCIL's fleet while jointly exploring the construction of specialised dredgers and offshore support vessels. The partnership combines DCIL's dredging expertise with Colombo Dockyard's shipbuilding infrastructure and includes provisions for technical collaboration and knowledge sharing. The move is expected to support operational efficiency and expand capabilities across maritime services, reflecting increased cross-border cooperation in the ports and shipping sector.Read more

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Lucknow Development Authority halts demolition drive in Chinhat after resistance from builders

Lucknow News Desk

10 Apr 2026

The Lucknow Development Authority (LDA) halted a demolition drive targeting an unauthorised residential colony in Chinhat after facing resistance from builders and their associates. The enforcement action, carried out in the past week near the Kisan Path corridor, was aimed at clearing illegal plotting spread across nearly seven acres. Officials withdrew from the site after disruptions escalated into stone-pelting, raising safety concerns. The authority has stated that the drive will be resumed with police protection. The incident highlights operational challenges faced by planning authorities in enforcing development regulations amid on-ground opposition. It also reflects ongoing efforts by the LDA to curb unauthorised colonies and ensure compliance with approved layout plans in expanding urban zones of Lucknow.Read more

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Ahmedabad civic body seals three construction sites in Gota for breaching dust control norms

Ahmedabad News Desk

10 Apr 2026

The Ahmedabad Municipal Corporation (AMC) has intensified enforcement of its Good Construction Practice Policy by sealing three construction sites in the Gota area in the past week for failing to implement mandatory dust mitigation measures. The projects Evera, S Plus and Solo Bliss 2 were found non-compliant with requirements such as green netting and barricading to control particulate emissions. One of the sites was additionally fined INR 1 lakh for spilling construction material onto a public road, creating a traffic hazard. The crackdown extended to other parts of the city, with additional penalties imposed in Bodakdev and Thaltej for pollution and safety violations. The drive also included removal of encroachments along a key service road to ease traffic movement.Read more

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PM highlights maritime sector’s role in strengthening trade and connectivity on National Maritime Day

10 Apr 2026

Prime Minister Narendra Modi has reiterated the strategic importance of India's maritime sector in supporting economic growth, trade and logistics connectivity, marking National Maritime Day in the past week. In a public message, he acknowledged the contribution of stakeholders across shipping and port ecosystems, noting their role in strengthening the country's economic framework. The statement also reaffirmed the government's commitment to further developing maritime infrastructure and leveraging the sector's potential for future growth. The remarks come amid ongoing policy emphasis on port modernisation, coastal infrastructure, and expansion of shipping capacity as part of India's broader infrastructure and logistics strategy.Read more

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Vijayapura airport awaits operational clearance as Supreme Court verdict on environmental compliance is pending

09 Apr 2026

The Vijayapura airport project in Karnataka is nearing operational readiness, with authorities awaiting a Supreme Court verdict on environmental clearance issues that have delayed its launch. The airport, developed by the state government, has completed construction and applied for operational approval from the Directorate General of Civil Aviation. The delay stems from a broader legal challenge concerning projects initiated without prior environmental clearance, which led to restrictions affecting several infrastructure developments. The state has invested additional funds to upgrade facilities, including approach roads and safety systems, and has initiated discussions with airlines for connectivity. Once clearance is granted, the airport is expected to begin operations, improving regional connectivity across north Karnataka and supporting economic activity in the surrounding districts.Read more

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AERA cuts airport landing and parking charges by 25% for domestic flights

09 Apr 2026

The Airport Economic Regulatory Authority (AERA) has reduced landing and parking charges by 25% at major airports across India, offering relief to airlines. The decision, implemented in the past week, applies to all domestic flights and will remain in effect for three months. The move follows a directive from the government in response to the ongoing West Asia crisis, which has impacted airline operations and costs. The reduction is expected to ease financial pressure on carriers and support stability in domestic aviation operations during this period of uncertainty.Read more

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High-speed Gwalior–Agra corridor to reduce travel time and support regional growth

09 Apr 2026

The proposed Gwalior-Agra greenfield expressway is expected to improve connectivity and support economic activity in the Gwalior-Chambal region. With an estimated cost of INR 5,500 crore, the project will reduce the travel distance and cut journey time to under an hour. The corridor will upgrade the existing road into a six-lane high-speed route with controlled access. Along with a western bypass and a new railway station, the project forms part of a broader infrastructure push aimed at improving mobility, logistics efficiency and regional development.Read more

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Bombay High Court upholds INR 1 lakh compensation for demolition without due notice

Mumbai News Desk

09 Apr 2026

The Bombay High Court has upheld an order directing the Maharashtra Housing and Area Development Authority to pay INR 1 lakh compensation to a Jogeshwari resident whose structure was demolished without prior notice. The ruling affirms a decision by the Maharashtra State Human Rights Commission, which found that the demolition violated procedural safeguards despite the structure being unauthorised. The court reiterated that the right to shelter forms part of Article 21 of the Constitution and cannot be taken away without due process. The case pertains to a tenement in Oshiwara, Mumbai, removed during a redevelopment-linked clearance exercise. The judgment reinforces the requirement for civic authorities and housing agencies to follow statutory notice procedures before undertaking demolition actions.Read more

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DrivebuddyAI secures patent for AI-based real-time road quality assessment system

09 Apr 2026

Ahmedabad-based deeptech firm DrivebuddyAI has secured a patent for its Integrated Dynamic Road Quality Assessment System, designed to detect and map road surface conditions in real time. The technology uses artificial intelligence, sensor data, and computer vision to identify potholes, cracks, and hazardous stretches, generating geo-tagged road intelligence. The system enables fleet operators to incorporate road quality into route planning, beyond traditional parameters such as time and distance. By continuously updating road condition data, the solution aims to improve driver safety, reduce vehicle wear, and enhance logistics efficiency. The development adds to the company's portfolio of over 15 patents in AI-driven mobility and fleet management technologies.Read more

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Infrastructure projects support growth of audiovisual hardware market in North India

09 Apr 2026

Infrastructure expansion across North India, especially in Delhi-NCR, is driving steady growth in the professional audiovisual (Pro-AV) hardware market. The region contributes nearly 40-45 per cent of the national market, supported by rising demand from corporate offices, retail, hospitality and public infrastructure. Large projects such as airports, expressways and religious tourism hubs are increasing the use of digital signage, lighting and sound systems. With higher-than-global growth rates and increasing adoption of premium solutions, the market is seeing consistent expansion backed by urban development and digital infrastructure investments.Read more

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PMRDA seeks state decision on Maan–Mhalunge town planning scheme amid jurisdictional uncertainty

Pune News Desk

09 Apr 2026

The Pune Metropolitan Region Development Authority (PMRDA) has sought a decision from the Maharashtra government regarding the execution of the Maan Mhalunge Town Planning Scheme (TPS-1), following administrative changes that brought parts of the project area under the Pune Municipal Corporation (PMC). The scheme, spread across nearly 250 hectares near the Hinjewadi IT hub, is at an advanced approval stage but remains pending due to ambiguity over the implementing authority. PMRDA has requested clarity on whether it will continue as the Special Planning Authority or if PMC will take over. The project, which includes infrastructure provisioning and land reconstitution, has undergone multiple revisions and consultations, with delays affecting landowners and development timelines.Read more

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Titagarh Naval Systems gets approval for INR 610 crore shipyard expansion in West Bengal

09 Apr 2026

Titagarh Naval Systems Ltd has secured in-principle approval from the Union Ministry of Ports, Shipping and Waterways for a brownfield expansion project at Falta, West Bengal. The project, with an investment of around INR 610 crore, falls under the Shipbuilding Development Scheme and includes government capital assistance of about INR 129 crore for plant and machinery. The expansion is aimed at improving shipbuilding capacity for defence, commercial and export markets. It is also expected to strengthen India's maritime manufacturing ecosystem and support the country's push for self-reliance in shipbuilding.Read more

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NHAI partners with Cube Highways to strengthen technical training for highway project execution

09 Apr 2026

The National Highways Authority of India (NHAI) has entered into a collaboration with Cube Highways Technologies to enhance the technical capabilities of its officials through a structured training programme. The initiative, formalised through a memorandum of understanding signed in the past week, focuses on upskilling junior-level officials in specialised areas of highway engineering and project execution. Training will be conducted at the Cube Highways Innovation Centre in Hyderabad and will combine classroom instruction with practical learning and case-based assessments. The programme covers key domains such as traffic estimation, pavement design, and material performance. The initiative is part of NHAI's broader capacity-building efforts aimed at improving project quality and aligning workforce capabilities with evolving infrastructure standards.Read more

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BMC expands air quality monitoring with hyperlocal sensor testing across Mumbai

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has begun testing low-cost air quality sensors under the MANAS project in collaboration with IIT Kanpur to improve pollution monitoring across Mumbai. Around 75 sensors will be installed before the monsoon, offering hyperlocal data on pollutants like PM2.5 and PM10. The system will divide the city into smaller grids and use real-time dashboards for better decision-making. The initiative builds on existing monitoring at construction sites and aims to strengthen targeted action to manage rising air pollution levels in the city.Read more

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Thane–Borivali tunnel excavation begins with TBM Nayak launch

Mumbai News Desk

09 Apr 2026

The Thane-Borivali twin tunnel project has entered the execution phase with the launch of tunnel boring machine Nayak in Thane. The 11.84 km underground corridor, being developed by the Mumbai Metropolitan Region Development Authority, aims to cut travel time between the two locations to about 15 minutes. While tunnelling has started from the Thane end, work at the Borivali side is facing delays due to pending rehabilitation. The project involves complex construction beneath Sanjay Gandhi National Park and is targeted for completion by 2028.Read more

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