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

Bhubaneswar civic body urges property owners to transfer internal roads for development

04 Aug 2025

The Bhubaneswar Municipal Corporation has urged property owners to officially transfer internal roads built during plot development to the civic body. Many roads remain undocumented, stalling drainage and road works. Since taking over building approvals in 2020, officials found widespread non-compliance by developers. The mayor stressed that no further infrastructure work would proceed without these transfers. The Corporation also introduced mandatory ID cards for all staff after a security incident and invited ideas to boost revenue collection. Emphasising interdepartmental coordination, officials aim to clear administrative hurdles, speed up infrastructure rollout, and enhance transparency in service delivery across newly developed and existing city areas.Read more

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Ahmedabad Airport rated No. 1 worldwide for passenger satisfaction in Q2 2025

04 Aug 2025

Ahmedabad's Sardar Vallabhbhai Patel International Airport (SVPIA), managed by the Adani Group, has topped the global Airport Service Quality (ASQ) survey for Q2 2025, earning a perfect 5/5 score in its category (5-15 million passengers/year). This marks its second consecutive quarter at the top. Passengers praised its smooth check-ins, quick security, friendly staff, and clean spaces. SVPIA handled 13.3 million passengers and nearly 280 flights daily in FY 2024-25. It also received awards for safety, sustainability, and quality-like the 5S Certification and Level 4 ACI accreditation. The recognition underlines SVPIA's focus on seamless travel and eco-conscious operations.Read more

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NBCC to redevelop postal department land across India under self-sustainable model

04 Aug 2025

NBCC, a state-run enterprise, has entered into an agreement with the Department of Post to redevelop several land parcels across the country. The collaboration, formalised through a Memorandum of Understanding signed in the past week, will see NBCC operating under its self-sustainable redevelopment model. The value of each project will be determined individually, and NBCC will act as both project management and marketing consultant to ensure maximum monetisation of the assets.Read more

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MMRDA settles INR 560 crore with MMOPL in Metro Line 1 arbitration battle

04 Aug 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited INR 560.21 crore with the Bombay High Court registry. This payment is part of an arbitration settlement in favor of Mumbai Metro One Private Limited (MMOPL), a joint venture involving Anil Ambani's Reliance Infrastructure. The deposit follows a Supreme Court directive that allowed MMRDA to pay 50% of the total INR 1,169 crore award, while the dispute continues. The case stems from cost escalations of the Versova-Andheri-Ghatkopar metro line, highlighting ongoing challenges in large infrastructure public-private partnerships.Read more

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Shivaji Park set for green facelift as BMC plans dense tree cover

03 Aug 2025

Mumbai's iconic Shivaji Park is slated for a green makeover, with the Brihanmumbai Municipal Corporation (BMC) planning to plant numerous new trees to create a dense green cover. This initiative, part of the park's overall beautification and upgrade, aims to enhance its natural appeal and provide a healthier environment for visitors. While the BMC assures careful planning to preserve the park's historical significance and open spaces, the project seeks to integrate more greenery into one of the city's most prominent public grounds, reflecting a growing focus on urban greening in Mumbai's development plans.Read more

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Nagpur Metro: New metro line from Sitabuldi to Koradi cleared under Phase 3

03 Aug 2025

Nagpur's Metro Phase 3 has received formal approval in a high-level meeting with CM Shri Devendra Fadnavis and Union Minister Shri Nitin Gadkari. MahaMetro and RITES have prioritised the 11.5 km Sitabuldi-Koradi corridor, featuring Nagpur's first underground stretch and expected to serve 1.47 lakh daily riders by 2054. A second route, Mankapur Chowk-Rachana Junction, will begin with bus services and may shift to metro later. The city's CMP spans 3,780 sq km and includes outer ring roads, electric buses, parking, and freight terminals. A feeder bus from Kasturchand Park will connect to key offices in Civil Lines and Sadar to ease last-mile travel and encourage metro use.Read more

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Beed district adds 50 MW to Maharashtra's solar capacity under SAEL initiative

03 Aug 2025

Solar RE Power, a subsidiary of SAEL Industries, has commissioned a 50 megawatt (MW) solar power plant in Beed district, Maharashtra. This ground-mounted project, featuring TOPCon bifacial modules for high energy yield, is expected to generate over 100 gigawatt-hours (GWh) of clean electricity annually. Backed by a 25-year Power Purchase Agreement (PPA) with the Maharashtra State Electricity Distribution Company Limited (MSEDCL), the plant aligns with the government's vision for a sustainable energy future. This initiative strengthens SAEL Industries' renewable energy portfolio across India and supports Maharashtra's clean energy targets, further reducing carbon emissions.Read more

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NMMC acts against illegal structures in Phanspada and Shahbaz Village, Belapur

02 Aug 2025

The Navi Mumbai Municipal Corporation (NMMC) carried out a demolition drive in Belapur under the supervision of Municipal Commissioner Dr Kailas Shinde and other senior officials. Despite prior notices issued under MRTP Act Section 54, the concerned individuals failed to remove their unauthorised constructions. The encroachment department proceeded with removal operations involving municipal staff, police personnel, and demolition tools including hammers and gas cutters. The civic body has warned that further intensified actions will follow against unauthorised developments in the city.Read more

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Tata Power-DDL partners with Magna Yuma to expand battery swapping infrastructure in Delhi

02 Aug 2025

Tata Power Delhi Distribution Limited (Tata Power-DDL), a major power utility in North Delhi, has formalised a partnership with Magna Yuma Private Limited to establish battery swapping stations for electric vehicles. Under the signed agreement, Tata Power-DDL will provide space at its substations, while Magna Yuma will manage the design, installation, and maintenance of the infrastructure. This alliance aims to boost the electric mobility ecosystem, particularly benefiting commercial two-wheeler users and gig workers. The collaboration aligns with broader sustainability goals and initiatives to promote clean transportation and reduce power theft.Read more

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IRF flags poor signage and safety lapses at highway construction sites in India

02 Aug 2025

Most road construction projects in India are ignoring basic work zone safety norms, leading to a rise in fatal crashes, warns the India Chapter of the International Road Federation (IRF-IC). President Akhilesh Srivastava highlighted the absence of warning signs, reflective tapes, barricades, flagmen, and proper lighting at many sites, citing a deadly crash on the Bengaluru-Chennai Expressway as a recent example. The IRF-IC has urged the NHAI, state PWDs, and contractors to enforce mandatory compliance with Indian Road Congress (IRC) guidelines, specifically IRC:SP:55-2014. These norms provide essential standards for work zone traffic management and aim to reduce preventable accidents.Read more

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Bombay High Court upholds BMC's revised solid waste tender conditions

02 Aug 2025

The Bombay High Court recently ruled in favor of the Brihanmumbai Municipal Corporation (BMC), dismissing two petitions that challenged modified tender conditions for solid waste collection and transportation. Petitioners had sought a fresh tender with older criteria, arguing that the new seven-year experience requirement was impossible for Mumbai contractors to meet. The court, however, affirmed that the civic body is best placed to define its tender requirements and that the court cannot overrule its judgment. This decision allows BMC to proceed with its waste management tender, ensuring essential services continue without interruption.Read more

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Bombay High Court orders demolition of illegal six-storey building in Kalyan

02 Aug 2025

The Bombay High Court today directed the Kalyan-Dombivli Municipal Corporation (KDMC) to demolish a ground-plus-six-storey illegal building in Govindwadi, Ayare village, Kalyan, within two months. This order follows a complaint filed by a local resident last year, stating that the building, named Siyam Villa, was constructed without any planning permissions. The court emphasized that such unauthorized constructions cannot be regularized and must be demolished. This ruling highlights the court's firm stance against illegal building activities and its expectation that civic bodies enforce demolition notices swiftly, ensuring adherence to urban planning laws.Read more

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BMC drops plan to convert Sion cycling track into parking lot

02 Aug 2025

The Brihanmumbai Municipal Corporation (BMC) has scrapped its proposal to convert a portion of the cycling track near Priyadarshani Garden in Sion, Mumbai, into a parking lot. This decision follows a detailed inspection that revealed a large water pipeline running underneath the track, making it unsuitable for parking. The track was originally built for cyclists but has remained largely unused. The civic body's reversal comes amidst a push for green spaces and sustainable transport in Mumbai, ensuring the area's original purpose is preserved, even as the search for suitable parking solutions continues across the city.Read more

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Noida Metro: Aqua Line expansion to Boraki to ease traffic and support 60,000 daily riders by 2031

02 Aug 2025

The Centre has approved the extension of Noida Metro's Aqua Line to Boraki, a 2.6-kilometer elevated stretch costing INR 416 crore. This extension, expected to be completed within three years, aims to connect the Aqua Line to a proposed multi-modal transport hub at Boraki, integrating rail, bus, and rapid rail services. This development is a key part of a broader strategy to ease road traffic congestion and improve connectivity to the upcoming Noida International Airport from Noida and Delhi. The project, funded by shared contributions from the Centre, Uttar Pradesh government, and a loan, is projected to serve a daily ridership of 60,000 by 2031.Read more

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Vadodara civic authorities take action against unauthorised waste dumping in water bodies

01 Aug 2025

The Vadodara Municipal Corporation (VMC) has initiated strict action against individuals and contractors involved in the illegal dumping of construction debris into the city's water bodies. Responding to complaints from residents and environmental activists, the civic body has started issuing notices and warnings to violators. Measures include penalties and direct inspections by senior officials to prevent further environmental damage. The move aims to restore the ecological balance of affected lakes and ponds while holding accountable those contributing to their degradation.Read more

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Vijayawada Metro moves forward with e-tenders for two elevated corridors

01 Aug 2025

The Andhra Pradesh Metro Rail Corporation (APMRC) has initiated the e-tendering process for Phase 1 of the Vijayawada Metro project, marking a major step towards bolstering urban connectivity in the region. This phase, spanning 38.4 km, will feature elevated corridors with 28 stations across two key corridors. The project will be executed on an EPC (Engineering, Procurement and Construction) basis and incorporates plans for intermodal integration with existing transport modes.Read more

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Supreme Court gives conditional nod to tree cutting in Film City for GMLR tunnel

01 Aug 2025

The Supreme Court recently granted in-principle clearance to cut 95 trees in Film City for Mumbai's Goregaon-Mulund Link Road (GMLR) tunnel project. This east-west connectivity initiative, crucial for easing Mumbai traffic, received the nod with a key condition: no trees are to be cut without court approval of a compensatory afforestation plan. The Court also requested a report from experts who approved the project's alignment, questioning whether alternative solutions were considered. While emphasizing environmental protection, the bench stressed the need for sustainable development and essential infrastructure, citing the positive impact of existing projects like the Coastal Road and Atal Setu on Mumbai's traffic.Read more

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Jakson Green signs first wind power PPA for 100 MW project with GUVNL in Gujarat

01 Aug 2025

Jakson Green, a green energy transition platform, has signed its first wind Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 100 megawatt (MW) project in Gujarat. The 25-year agreement, secured through its subsidiary JGRJ Three Solar Private Ltd, sets a tariff of INR 3.59 per unit. This project is expected to generate over 300 million kilowatt-hours of clean energy annually, offsetting approximately 250,000 tonnes of CO2 emissions. This marks Jakson Green's entry into utility-scale wind energy, diversifying its portfolio and aiming to accelerate India's transition to a sustainable energy future by tapping into the nation's vast wind energy potential.Read more

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Juniper Green Energy signs 100 MW wind power PPA with GUVNL in Gujarat

01 Aug 2025

Juniper Green Energy has signed a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 100 megawatt (MW) wind power project in Gujarat. The agreement, executed through its subsidiary Juniper Green Bess Two Pvt Ltd, was finalized on July 18. This project is scheduled to begin supplying power from July 2027. With an additional 50 MW Letter of Intent (LoI) also recently received from GUVNL, Juniper Green Energy is strengthening its presence in Gujarat's renewable energy sector, aligning with India's sustainable energy future.Read more

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Navi Mumbai civic body intensifies crackdown on unauthorised construction in Koparkhairane

31 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) recently undertook a demolition drive in the Koparkhairane area after repeated notices to the concerned party were disregarded. The action was carried out under the guidance of senior officials, including the municipal commissioner, following non-compliance with a prior notice issued under the Maharashtra Regional and Town Planning Act, 1966. The unauthorised structure was razed for the third time, with a fully-equipped civic team and police presence ensuring smooth execution.Read more

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