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

BMC begins Coastal Road Phase 2 work on 1.2 km Goregaon stretch

14 Jul 2025

The Brihanmumbai Municipal Corporation (BMC) has started work on a 1.2 km stretch of the Coastal Road Project's second phase in Goregaon, Mumbai. This section lies outside the Coastal Regulation Zone (CRZ). The north phase of the project, connecting Versova to Bhayandar, encompasses elevated roads and twin tunnels, with most of its area within CRZ limits. The BMC recently received Stage 1 approvals for mangrove diversion and will now approach the High Court for working permissions before final environmental clearances.Read more

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BMC to start work on long-delayed Goregaon-Andheri bridge next month

14 Jul 2025

Work on the INR 694 crore Goregaon creek bridge, a 512-meter, 3+3 lane project, is expected to begin around August. Approved by BMC in 2022, the bridge will connect Andheri West and Goregaon West, offering an alternative to New Link Road. The project faced delays due to environmental clearances in CRZ areas and over 2,500 slum tenements in its path. Despite recent court approvals, a Slum Rehabilitation Authority (SRA) project needs to clear homes on the Goregaon side. Felling 31 mangroves is planned, with 444 new ones as compensation.Read more

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IVCA Renewable Energy Summit 2025 set to drive India's green investment push in Mumbai

13 Jul 2025

The Indian Venture and Alternate Capital Association (IVCA) will host its inaugural Renewable Energy Summit 2025 on July 15 in Mumbai. Organized with Avendus, EAAA Alternatives, and Singularity Capital, the summit aims to accelerate capital deployment and public-private collaboration in India's clean energy sector. Amidst India's non-fossil fuel power capacity reaching 44%, the event will convene global and domestic investors, policymakers, and entrepreneurs. Discussions will cover clean power finance, renewable energy's role in EVs and AI, energy storage innovations, and policy. The summit highlights India's position as a top destination for clean energy investments.Read more

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BMC proposes demolition of 129-year-old fort building housing iconic Jimmy Boy Eatery

13 Jul 2025

The BMC has proposed to demolish the 129-year-old Vikas Premises Cooperative society building in Fort, Mumbai, citing its dangerous condition. The structure houses the iconic Jimmy Boy restaurant. Residents, however, oppose the demolition, hoping for restoration. This comes after the Bombay High Court dismissed a resident petition in late 2023, prioritizing public safety. All 37 society members have vacated. While the BMC proceeds to appoint a contractor for demolition, the restaurant owner maintains that other avenues are being explored, highlighting the complexity of heritage building redevelopments.Read more

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EzUrja introduces terrain-ready EV charging infrastructure designed for Himachal's harsh climate

13 Jul 2025

EzUrja, a provider of clean energy and EV charging solutions, has launched a new initiative focused on deploying advanced electric vehicle chargers built specifically for the demanding terrain and weather conditions of Himachal Pradesh. These chargers, manufactured within the state, are designed to support the government's goal of transitioning 3,000 government vehicles to electric models in the current year. The initiative also contributes to Himachal Pradesh's broader mission of achieving Green Energy State status by 2026.Read more

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Maharashtra CM pushes for swift execution of Nagpur and Amravati power projects amid rising demand

13 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis directed authorities to fast-track the implementation of approved power infrastructure projects in Nagpur and Amravati, citing a surge in electricity demand fuelled by industrial, commercial, and real estate growth. Chairing a high-level meeting, he stated that INR 713 crore would be required for Nagpur and INR 242 crore for Amravati, while also instructing officials to plan future capacity based on population projections for 2035. The CM, who also holds the energy portfolio, emphasised preventive measures and the importance of completing existing projects swiftly.Read more

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IGNCA to restore Gandhian heritage sites in Wardha under INR 45 crore project

13 Jul 2025

The Indira Gandhi National Centre for the Arts (IGNCA) will lead a INR 45 crore project to conserve and restore key Gandhian heritage sites in Wardha, Maharashtra, including Gandhi Smriti Bhavan, Kasturba Kitchen, and Wardha Haat. This initiative, in collaboration with MGIRI, aims to preserve architectural, historical, and cultural significance, promoting rural development and public engagement. The project, set for 18-month completion, will transform sites into multimedia museums and artisan marketplaces, making Wardha a hub for Gandhian thought and sustainable heritage tourism.Read more

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JSW Infra wins INR740 crore Kolkata container terminal project under PPP model

12 Jul 2025

JSW Infrastructure has secured a letter of award from the Syama Prasad Mookerjee Port Authority for a port development project worth INR 740 crore at Netaji Subhas Dock in Kolkata. The project entails reconstructing berth 8 and mechanising berth 7 under a 30-year DBFOT concession within the PPP framework. With a two-year construction schedule, JSW Infrastructure will also commence operations during the build phase. The project will expand the company's container handling capacity, aligning with its broader strategy to strengthen presence on both eastern and western coastlines through the government's port privatisation scheme.Read more

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BMC ramps up drive to collect household hazardous waste across Mumbai

12 Jul 2025

Mumbai's domestic hazardous waste collection initiative has seen nearly 2,000 establishments register, including housing societies and beauty parlours, covering about 4.5 lakh citizens. The Brihanmumbai Municipal Corporation (BMC) transports an average of 1.7 tonnes of waste daily to six plasma incineration facilities. This initiative aims for safe disposal of items like diapers and medicines, which can contaminate other waste. Despite generating 80-100 tonnes daily, the current collection is a fraction. The BMC plans more efforts to boost participation and manage all waste categories.Read more

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BMC considers dome-like indoor event space near Mahalaxmi racecourse stables

11 Jul 2025

The BMC is considering developing a dedicated indoor event space near the Mahalaxmi Racecourse stables in Mumbai, encouraged by a INR 7.5 crore revenue boost from recent events. The proposed 15-acre facility would host cultural and corporate events, especially during monsoons. This initiative follows BMC taking possession of 120.1 acres of the 212.7-acre racecourse plot last year. Officials also discussed mapping underground utilities and coordinating a pedestrian tunnel to the Metro 3 station, ensuring development without disrupting horse racing.Read more

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Gautam Buddh Nagar steps up safety checks near Jewar airport amid flight risk concerns

11 Jul 2025

Authorities in Gautam Buddh Nagar have initiated a comprehensive safety protocol around the under-construction Noida International Airport, aiming to address threats from illegal buildings, waste mismanagement, and wildlife presence within a 10-km radius. The Airport Environment Management Committee (AEMC), led by District Magistrate Manish Kumar Verma, has mandated regular inspections, drainage improvements, and prohibition of unauthorised drone and laser activity. These interventions are deemed critical to ensure safe operations at the greenfield airport project in Jewar, which is nearing the start of its first phase after missing its earlier timeline.Read more

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SBI Ventures invests in RETAS Enviro to tackle water scarcity and urban flooding

11 Jul 2025

SBI Ventures' Neev II Fund, a climate and sustainability-focused SME fund, has invested in RETAS Enviro Solutions Private Limited, a climate-tech company specializing in modular rainwater harvesting and disaster-resilient infrastructure. RETAS uses patented Rainmaxx tanks made from recycled polypropylene to capture and store rainwater, facilitating groundwater recharge. The investment supports RETAS's plans to expand its presence and product deployment in India, addressing water scarcity and urban flooding. RETAS has already captured over 75 billion litres of rainwater, aiming to significantly increase this capacity.Read more

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NHSRCL completes 16 of 21 river bridges in Gujarat for Mumbai-Ahmedabad bullet train project

11 Jul 2025

NHSRCL has announced the completion of 16 out of 21 planned river bridges for the Mumbai-Ahmedabad High-Speed Rail Corridor in Gujarat. All five bridges in Valsad district, including the 360-meter Daman Ganga river bridge, are finished. The overall 352-km Gujarat stretch of the bullet train project includes key structures like the 1.4-km Narmada river bridge. The full 508-km corridor's longest bridge will be 2.4 km over Maharashtra's Vaitarna river. This progress marks a step in building the high-speed rail infrastructure.Read more

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BMC receives three bids to clear 185 lakh tonnes of waste at Deonar site

11 Jul 2025

Three companies; Navayuga Engineering, Re Sustainability, and H G Infra Engineering, have bid for the BMC's INR 2,368 crore tender for bioremediation work at the Deonar dumpsite in Mumbai. The project aims to clear 185 lakh tonnes of waste and reclaim 110 hectares of land. The cleared land is designated for housing under the Dharavi Redevelopment Project. All bidders have previous associations with the Adani Group. The final financial bid is scheduled to open on July 11, marking a step in Mumbai's waste management and urban development efforts.Read more

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Thane Infrastructure: Phase 1 of Kasarvadavli flyover opens to ease traffic on Ghodbunder Road

10 Jul 2025

Phase 1 of the Kasarvadavli Flyover in Thane, Maharashtra, has opened to traffic. The two-lane flyover, constructed by MMRDA, aims to ease traffic congestion on Ghodbunder Road, particularly for office and freight movement. Designed to integrate with Metro Line 4, this initial phase is expected to reduce travel time from Waghbil to Gaimukh and improve connectivity among Thane, Mumbai, and neighboring areas. The next phase is underway, aligning with Metro construction for smoother intermodal transit.Read more

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MMRDA forms committee to tackle crowding on Mumbai Metro 1 line

10 Jul 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has formed a committee to address overcrowding on Metro 1 (Versova-Andheri-Ghatkopar line). This action follows a recent technical failure that caused excessive crowding. The committee, led by former chief secretary Johny Joseph, will review service disruptions and evaluate solutions. The Metro 1 operator, MMOPL, plans to deploy standby rakes, upgrade four-coach trains to six, and reconsider mixed-loop services to improve commuter experience. Metro 1, operational since July 2014, currently carries 500,000 daily passengers.Read more

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Newly built Sindoor flyover in South Mumbai ready to open, replacing 150-year-old Carnac Bridge

09 Jul 2025

The Sindoor flyover in South Mumbai, earlier known as the Carnac bridge, is set to open to the public following its scheduled inauguration by Maharashtra Chief Minister Shri Devendra Fadnavis. Developed by the BMC, the bridge spans 328 metres and facilitates two-way traffic between East and West South Mumbai near Masjid Bunder. Constructed within a strict timeline after the dismantling of the old Carnac bridge in August 2022 due to safety concerns, the new flyover integrates complex civil engineering features, including dual 550-metric-ton steel girders and RCC piers, and has secured all required safety and structural approvals.Read more

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DPIIT reviews 18 infrastructure projects worth over INR 36,296 crore in Gujarat and Rajasthan

09 Jul 2025

The Department for Promotion of Industry and Internal Trade (DPIIT) reviewed 22 issues impacting 18 infrastructure projects in Gujarat and Rajasthan, collectively valued at over INR 36,296 crore. The meeting, chaired by DPIIT Secretary Amardeep Bhatia, focused on expediting these projects. Major initiatives discussed included a INR 14,147 crore power transmission scheme for solar energy zones and Reliance Jio's 5G/4G network expansion. The review aims to streamline approvals and ensure timely completion for national development goals.Read more

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Adani Ports unveils world's first steel slag road at Hazira Port

08 Jul 2025

Adani Ports and Special Economic Zone Ltd. (APSEZ) has inaugurated the world's first steel slag road at a port, located at Hazira Port, Ahmedabad, Gujarat. The 1.1-kilometer road uses processed steel slag aggregates, a by-product of steel manufacturing. This project, India's third steel slag road but first in a port globally, demonstrates repurposing industrial waste into durable infrastructure. Developed in collaboration with CSIR-CRRI and the Ministry of Science & Technology, it aligns with the 'Waste to Wealth' mission, positioning APSEZ at the forefront of sustainable maritime infrastructure.Read more

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Mumbai-Ahmedabad bullet train project hits key tunneling and structural milestones

08 Jul 2025

The Mumbai-Ahmedabad bullet train project is progressing rapidly, with key construction milestones achieved across Maharashtra. Work is underway on three elevated stations-Thane, Virar, and Boisar-with initial slabs cast at Virar and Boisar. Viaduct construction has begun in Palghar, alongside excavation of seven mountain tunnels and a 21 km underground and undersea tunnel between BKC and Shilphata. This includes a 7 km undersea stretch beneath Thane Creek. Significant tunneling has been achieved using TBMs and NATM methods. Vertical shaft works and segment casting for tunnel linings are in full swing. Bridge construction has also started over major rivers, and 80% excavation at BKC station is complete.Read more

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