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20 Mar 2026
Powerica Ltd, a provider of integrated power solutions, is launching a Rs 1,100 crore initial public offering, combining a fresh share issue of Rs 700 crore with an offer for sale of Rs 300 crore by promoters. The IPO, priced at Rs 375-395 per share and valuing the company at around Rs 5,000 crore, will primarily fund debt reduction. Bidding for anchor investors will occur before the public subscription opens, with the stock expected to debut in early April. The company has seen revenue growth, though net profit has declined recently.Read more
20 Mar 2026
Operations at the New Delhi airport were affected after dust storms and heavy rain led to weather disruptions during the evening this week. As a result, around 22 incoming flights were diverted to alternate airports, according to an official statement. The situation prompted the India Meteorological Department to issue an orange alert for the city, indicating significant weather activity. The Indira Gandhi International Airport, which handles over 1,300 flight movements daily, experienced temporary operational impact due to reduced visibility and adverse flying conditions.Read more
20 Mar 2026
The Delhi government has cleared a set of road infrastructure projects aimed at improving connectivity and easing congestion across key stretches of the city. The plan includes the Barapullah Phase-III extension linking Mayur Vihar and Sarai Kale Khan, and a six-lane elevated corridor along Mehrauli-Badarpur Road. These projects are expected to enable signal-free movement, reduce travel time, and ease pressure on existing roads. The initiative is part of a broader strategy to strengthen urban mobility, building on earlier proposals for road expansion, underpasses, and better connectivity across high-traffic zones.Read more
20 Mar 2026
Cube Highways Trust has filed draft documents with the Securities and Exchange Board of India (Sebi) to raise up to INR 5,000 crore through an initial public offering, marking its transition from a privately listed infrastructure investment trust to a publicly listed InvIT. The issue will be entirely an offer-for-sale by existing investors, including Cube Highways and Infrastructure entities and institutional stakeholders. The InvIT, which manages 27 road assets across 12 states and one union territory, reported assets under management of INR 36,520 crore as of September 2025. Ahead of the listing, the trust plans to acquire four additional highway and tunnel assets, expanding its portfolio to 31 assets. The move is expected to broaden its investor base and improve liquidity access.Read more
20 Mar 2026
Noida International Airport has proposed a revised user development fee (UDF) structure for passengers, with departure charges ranging from INR 653 to INR 1,200 for FY27. The proposal, submitted to the Airports Economic Regulatory Authority, also includes fees for arriving passengers and a plan for annual increases till FY31. The move comes as the airport prepares to start operations and aims to balance revenue generation with competition in the NCR's dual-airport market. The final tariff decision is currently under regulatory review.Read more
20 Mar 2026
The central government has identified 28 water aerodromes under the UDAN 3 scheme to expand seaplane operations and improve regional connectivity. The plan focuses on linking remote, coastal, and island locations where traditional airport infrastructure is difficult to build. Seaplane services, first introduced under UDAN 3, had seen slow progress earlier due to operational and cost challenges. With this renewed push, the government aims to strengthen tourism circuits and reduce travel time. The move builds on earlier efforts where select water aerodromes and routes were already taken up but faced execution hurdles.Read more
20 Mar 2026
The Brihanmumbai Municipal Corporation (BMC) continues its large-scale road concretisation project, replacing asphalt and paver surfaces with concrete across Mumbai's island city and suburbs. So far, over 1,330 km of roads have been completed under two phases of the initiative, which targets more than 2,050 km in total. As civic authorities prepare estimates for a proposed next phase costing around INR 2,500 crore, political leaders have raised concerns over coordination issues, unfinished work, and tender transparency. The project remains a key step in improving city roads and commuter safety.Read more
20 Mar 2026
The Union government has approved the final location survey for doubling the Palakkad Pollachi Podanur railway line, a key link between Kerala and western Tamil Nadu. The project aims to reduce congestion, increase train frequency, and improve freight movement along the busy corridor. The current single track passes through forest areas, leading to wildlife risks and speed restrictions. The new alignment through Pollachi is expected to minimize these risks, and new stations at Kovilpalayam and Chettipalayam may be added. The survey paves the way for detailed planning and administrative approvals.Read more
20 Mar 2026
The Visakhapatnam Metropolitan Region Development Authority (VMRDA) has initiated the Vizag Bay City coastal project, aiming to transform a 40 sq km stretch between Kailasagiri and Bheemunipatnam into a vibrant mixed use waterfront destination. The plan focuses on coastal tourism, global business ecosystems, and premium residential development. It will feature scenic corridors, heritage restoration, Blue Flag beaches, water sports, adventure parks, innovation districts, and luxury residences. By FY2032, the project aims to attract about 1.5 million high-value visitors annually, supporting regional economic growth and positioning Visakhapatnam as a global coastal city.Read more
20 Mar 2026
SpiceJet has approached the Delhi High Court seeking permission to submit an immovable property as security instead of depositing INR 144 crore in its ongoing arbitration dispute with Kalanithi Maran and KAL Airways. The airline cited liquidity challenges due to operational disruptions, including reduced Gulf operations. However, the court rejected the proposal and granted a final four-week extension to deposit the amount. The case stems from a long-standing 2015 share transfer dispute, and continues to impact SpiceJet's financial position and legal obligations.Read more
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20 Mar 2026
The Union government has extended localisation requirements for electric bus and truck manufacturers by six months under the PM E-Drive scheme, allowing continued import of traction motors until early September. The decision, taken in the past week by the Ministry of Heavy Industries, provides relief to manufacturers facing supply disruptions linked to rare earth magnet availability. The scheme, with an outlay of INR 10,900 crore, links incentives to phased domestic manufacturing of key EV components. The extension applies to traction motors used in heavy electric vehicles, which were earlier required to be locally produced within strict deadlines. The move aims to ensure continuity in production while giving industry additional time to meet indigenisation targets amid ongoing global supply challenges.Read more
20 Mar 2026
Residents of the seven Bombay Improvement Trust (BIT) chawls near Sandhurst Road in Mumbai have called for redevelopment similar to the ongoing Bombay Development Directorate (BDD) projects. Though the Brihanmumbai Municipal Corporation (BMC) and Central Railway (CR) label these buildings as old and potentially unsafe, residents argue they remain structurally sound. They want funds earmarked for redevelopment to be used to upgrade their homes to 500 sq ft units like BDD chawls. The debate highlights safety concerns, questions about rehabilitation policy, and the need for better use of public funds for historic housing clusters.Read more
19 Mar 2026
Preparations for a proposed Formula-4 (F4) street race in Nerul, Navi Mumbai, have drawn objections from environmental activists who claim that more than 70 trees may be cut or relocated to facilitate the event. The Navi Mumbai Municipal Corporation is expected to spend around INR 28 crore on hosting the race. Activists have raised concerns over the removal of trees from a road divider and the possible use of a nearby playground for event infrastructure. They have also warned about traffic disruptions and environmental impact, while civic authorities continue planning the event scheduled for later this year.Read more
19 Mar 2026
Rail Vikas Nigam Limited (RVNL) has secured a contract worth INR 95.27 crore from NMDC Limited for railway track refurbishment and maintenance works in Chhattisgarh. The order, awarded in the past week, covers upgrading permanent railway infrastructure at mining-linked sidings in Kirandul and Bacheli. The scope includes refurbishment of tracks and ongoing maintenance of mobile equipment rail systems critical for mineral transport operations. The project is scheduled for completion within 36 months and forms part of RVNL's core railway infrastructure business. The contract reflects continued investment by NMDC in strengthening logistics infrastructure at its mining sites, supporting operational efficiency and bulk material movement through rail connectivity.Read more
19 Mar 2026
The National Highways Authority of India (NHAI) has awarded a contract worth approximately INR 181 crore to construct a 7 km greenfield bypass near Gangaikonda Cholapuram in Tamil Nadu. The project, announced in the past week, aims to divert vehicular traffic particularly heavy vehicles away from the UNESCO World Heritage temple precinct located along NH-81 in Ariyalur district. The two-lane bypass with paved shoulders will run between Ponneri Lake and Meensurutti, including service roads, bridges, and underpasses. The initiative is intended to reduce congestion, improve safety for pilgrims and tourists, and minimise structural and environmental impact on the heritage site. The project is expected to be completed within a year and will also enhance regional connectivity.Read more
19 Mar 2026
The INR 24,000 crore PLI scheme for high-efficiency solar PV modules has yet to release any funds to manufacturers, as incentives are scheduled for one year after project commissioning. The scheme has awarded 48,337 MW of module manufacturing capacity, including 30 GW of modules, 10.5 GW of cells, and 2 GW of ingot-wafer capacity, with 4 GW commissioned last October. Slow progress in upstream components is due to limited domestic experience and global supply chain concentration. The government is promoting vertical integration and supporting ancillary manufacturing while developing a skilled workforce to reduce import dependence.Read more
19 Mar 2026
Maharashtra Metro Rail Corporation Limited (Maha Metro) and the Pune Municipal Corporation (PMC) have initiated joint site inspections for the proposed Vanaz Chandni Chowk Metro extension in Pune, aimed at finalising alignment, station locations, and associated infrastructure. The exercise, undertaken in the past week, covers a 1.4 km stretch forming part of the approved Phase II expansion of the Pune Metro network. The extension will include two stations Kothrud depot and Chandni Chowk and is expected to improve connectivity to a key western entry point of the city. Authorities are also evaluating plans for a double-decker flyover along the corridor, integrating vehicular and Metro infrastructure. The inspections are intended to address design constraints, ensure traffic management, and minimise disruption during construction.Read more
19 Mar 2026
A total of 85 under-construction national highway projects in India have been delayed by more than three years, primarily due to land acquisition challenges, statutory clearances, and implementation constraints, the government informed Parliament. The delays also stem from contractor performance issues, financial constraints, and external factors such as the Covid-19 pandemic. In response, the Ministry of Road Transport and Highways has initiated measures to streamline project execution, including digital land acquisition systems, faster environmental clearances, and online approvals for infrastructure designs. These developments highlight ongoing execution challenges in large-scale infrastructure projects, which have implications for logistics networks, industrial growth, and real estate development linked to highway connectivity corridors.Read more
19 Mar 2026
Prime Minister Narendra Modi inaugurated and laid the foundation for infrastructure projects worth INR 18,680 crore in West Bengal earlier this week. The initiatives cover highways, railways, and ports to improve connectivity across the state and eastern India. Key projects include the Kharagpur Moregram economic corridor, bypasses, bridges, redeveloped railway stations, mechanised port facilities at Haldia and Khidderpore, and new express train services. These upgrades aim to reduce travel time, boost trade and tourism, and provide better facilities for residents, entrepreneurs, and students, while preparing the state for upcoming elections.Read more
19 Mar 2026
Dilip Buildcon has emerged as the lowest bidder for a road project worth INR 160.20 crore in Odisha, awarded by Odisha Bridge & Construction Corporation. The project involves constructing a six-lane diversion road with service lanes in Sundargarh district under the EPC model. The execution timeline is 18 months. This contract adds to the company's order book of over INR 29,000 crore and follows recent project wins in power transmission and flood protection. The development reflects steady infrastructure activity in Odisha and continued order inflow for the company.Read more
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