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02 Mar 2026
India's central infrastructure projects valued at INR 150 crore and above have recorded a cumulative cost overrun of INR 5.52 lakh crore, according to the latest government monitoring data. The 1,702 projects tracked across 17 ministries now have a revised cost of INR 39.25 lakh crore, compared to the original INR 33.72 lakh crore. While expenditure has reached over INR 20 lakh crore and several projects are nearing completion, transport and energy continue to dominate the portfolio in terms of both number and value.Read more
02 Mar 2026
Uttar Pradesh has signed an MoU with German firm RAILONE GmbH for an INR 200 crore investment to upgrade rail infrastructure. Deputy Chief Minister Keshav Prasad Maurya visited the company's manufacturing plant to inspect modern railway track technologies and concrete sleeper production systems. The discussions focused on global production processes, quality standards, and best practices. The government expects the collaboration to bring advanced technology, enhance connectivity, and boost industrial development. This move aligns with Chief Minister Yogi Adityanath's vision of modern infrastructure and international partnerships for the state.Read more
02 Mar 2026
Mumbai's road network in the central corridor has received a major boost with the opening of the Tardeo Nagpada Mumbai Central flyover. Maharashtra Chief Minister Devendra Fadnavis inaugurated the 333-metre structure via videoconference in the past week, in the presence of Deputy Chief Minister Eknath Shinde. The flyover replaces a 130-year-old British-era bridge that had been declared unsafe and dismantled nearly two years ago. Built by the Brihanmumbai Municipal Corporation ahead of schedule, the project is expected to ease congestion and significantly improve east-west traffic movement in South Mumbai.Read more
02 Mar 2026
MMRDA has intensified planning for station areas along the Mumbai-Ahmedabad High-Speed Rail Corridor under Project-SMART. The corridor's four Maharashtra stations BKC, Thane, Virar, and Boisar are being developed with a focus on sustainable urban growth. Thane and Virar have been prioritized, with detailed development plans prepared in collaboration with JICA, adopting international best practices in Transit Oriented Development, land value capture, and multi-modal integration. MMRDA's leadership emphasizes replicating these frameworks at BKC and Boisar, aiming to transform these stations into strategic urban development hubs.Read more
02 Mar 2026
ArcelorMittal has launched a new Global Capability Centre (GCC) under the banner of ArcelorMittal Global Business & Technologies (AMGBT) in Hyderabad and Pune, strengthening India's role in the company's global technology and business services strategy. The centres are designed to support ArcelorMittal's international operations through integrated digital, technology and enterprise services. Functions housed at the GCCs include digital technology, IT infrastructure, data and analytics, cyber security, finance, procurement, human resources and project management. The company plans to hire around 2,000 professionals across both cities as part of a phased scale-up. With more than 1,100 employees already on board, AMGBT is positioned as a long-term operational hub, leveraging India's skilled talent base to drive standardisation, efficiency and technology-led transformation across ArcelorMittal's global businesses.Read more
02 Mar 2026
Delhi's government has strengthened rural infrastructure with a new initiative in Mundka, involving 49 development projects valued at INR 264 crore. The projects aim to enhance road connectivity, sewerage systems, drinking water supply, and other civic amenities, aligning rural areas with urban standards. The Chief Minister highlighted that nearly INR 1,600 crore had been invested in rural development over the past year, with an additional INR 1,000 crore allocated for broader village development. Funding comes through state schemes including the Delhi Gramin Vikas Board, Chief Minister's Development Fund, and MLA Local Area Development Fund.Read more
02 Mar 2026
Infrastructure projects with an individual cost of INR 150 crore and above have collectively recorded a cost overrun of INR 5.52 lakh crore, according to the January 2026 edition of the central government's infrastructure monitoring report. Data released by the Ministry of Statistics and Programme Implementation shows that the revised cost of 1,702 ongoing projects has risen to INR 39.25 lakh crore, compared to their original estimated cost of INR 33.72 lakh crore. While the report does not specify how many projects are affected by overruns, it indicates that over half of the revised project cost has already been incurred. Transport and logistics projects dominate both project count and overall value, followed by energy and communication infrastructure, reflecting continued emphasis on connectivity and capacity expansion across sectors.Read more
02 Mar 2026
The Brihanmumbai Municipal Corporation (BMC) has proposed a total budget outlay of INR 80,952.56 crore for the financial year 2026-27, reflecting an increase of 8.77 per cent over the previous year's estimate. Capital expenditure has been set at INR 48,164.28 crore, marking a rise of nearly 11.6 per cent compared to the revised allocation for FY26, underscoring a continued focus on infrastructure-led spending. Revenue expenditure has also been increased, alongside higher projected revenue income driven partly by improved property tax collections. The budget was tabled earlier this week by Municipal Commissioner Bhushan Gagrani and comes after downward revisions to both capital and revenue spending in the ongoing fiscal following expenditure rationalisation measures.Read more
02 Mar 2026
The Government of India has introduced National Monetisation Pipeline (NMP) 2.0 with a target to mobilise INR 10 lakh crore over the next five years by monetising existing public infrastructure assets. The programme follows the first NMP, which achieved about 89% of its INR 6 lakh crore target. The new framework estimates a total monetisation potential of INR 16.72 lakh crore, including INR 5.8 lakh crore from private participation. Over 2,000 assets across key infrastructure sectors have been identified under the expanded plan.Read more
02 Mar 2026
The Union Cabinet has sanctioned a 3.33-kilometer extension of Ahmedabad Metro�s North-South corridor from GIFT City to Shahpur, featuring three elevated stations and costing INR 1,067.35 crore. Expected to benefit over 23,000 passengers initially and 58,000 by 2041, the project aims to improve connectivity for commuters, businesses, and educational institutions in the GIFT region. GMRC will oversee construction, creating around 1,000 jobs during the build phase and 250 operational roles afterward, with indirect employment opportunities also anticipated.Read more
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02 Mar 2026
Manipur Chief Minister N. Biren Singh met Union Road Transport and Highways Minister Nitin Gadkari in New Delhi in the past week to review ongoing road projects and seek faster approvals for key proposals. The discussions focused on an elevated highway in Imphal and a large-scale plan to strengthen about 1,774 km of national highways in the state, estimated at around INR 12,000 crore. Gadkari assured support and said the ministry would examine the proposals positively, reinforcing the Centre's continued focus on improving connectivity in the Northeast.Read more
02 Mar 2026
Centum Electronics has secured a Phase-1 contract worth INR66 crore from Hindustan Aeronautics Ltd (HAL) to design and develop an Active Electronically Scanned Array (AESA) radar for the Utility Helicopter Maritime (UH-M) programme. The total contract value stands at INR78 crore, including taxes, and will be executed over the next two financial years. The radar is intended to strengthen maritime surveillance by enabling detection and tracking of multiple targets. A larger production phase, estimated at around INR500 crore over five years, may follow after successful development.Read more
02 Mar 2026
Railway Minister Ashwini Vaishnaw recently stated that the proposed Dedicated Freight Corridor connecting West Bengal and Gujarat will significantly support industrial growth in Madhya Pradesh by improving freight efficiency and port access. The 2,052 km corridor from Dankuni to Surat will pass through multiple states and link with the Western Dedicated Freight Corridor. Alongside this, INR 48,000 crore worth of railway projects have been sanctioned for Madhya Pradesh, including major line expansions and the INR 18,000 crore Indore Manmad project, aimed at increasing both freight and passenger capacity.Read more
02 Mar 2026
The Delhi government has approved a INR 453.95 crore project to construct a nearly 61-kilometre, two-lane road along both sides of the Najafgarh drain to improve connectivity in outer and west Delhi. The corridor will link major arterial roads including Outer Ring Road, Inner Ring Road and Urban Extension Road-II, while also improving access to IGI Airport and Dwarka Expressway. The project includes pedestrian and cycling tracks, drainage upgrades, landscaping and a new bridge near Dwarka Metro Depot. Completion is targeted for November 2027.Read more
02 Mar 2026
Equinix and Canada Pension Plan Investment Board (CPPIB) are close to finalising a deal to acquire pan-Nordic data centre operator atNorth, according to a Bloomberg News report citing sources familiar with the matter. The transaction, which could be announced in the coming days, is said to value atNorth at around USD 4 billion, including debt. The company is currently backed by private equity firm Partners Group, which acquired the platform in 2022 and has since supported its expansion across the Nordic region. The potential acquisition highlights sustained investor interest in digital infrastructure, driven by rising demand from hyperscale cloud providers, artificial intelligence workloads and high-performance computing. For Equinix and CPPIB, the deal would further strengthen exposure to data centre assets in energy-efficient Nordic markets.Read more
02 Mar 2026
Bidar railway station is set to have its upgraded passenger facilities operational from April under the central government's Amrit Bharat Station Scheme. The redevelopment, taken up at an initial cost of around INR 24.3 crore, includes lifts, escalators, expanded platforms, improved waiting halls and better parking areas. The Secunderabad Railway Division has proposed revising the project cost to nearly INR 40 crore to accommodate additional works. Most structural work has been completed, while finishing activities are underway. The upgrade is part of Indian Railways broader plan to modernise key stations across the country.Read more
02 Mar 2026
The Union Cabinet approved infrastructure projects totaling INR 12,236 crore, covering railways, aviation, urban transport, and key policy reforms. Railway projects costing INR 9,072 crore, including Gondia Jabalpur doubling and Punarakh Kiul and Gamharia Chandil line expansions, will connect over 5,400 villages and boost freight by 52 million tonnes annually. Approvals also include a new Srinagar airport terminal and a 3.33 km Ahmedabad Metro extension. Policy decisions included power sector reforms, an increased minimum support price for raw jute, and the proposal to rename Kerala as Keralam, reflecting the government's broader development focus.Read more
01 Mar 2026
The Bombay High Court has partly upheld an arbitral award in favour of Mumbai Metro One Pvt Ltd (MMOPL) in its dispute with the Mumbai Metropolitan Region Development Authority (MMRDA) over cost escalation in Metro Line 1. While the court accepted that project delays led to higher costs, it significantly reduced the compensation earlier granted by the tribunal. Several additional claims, including overheads, financing costs and loss of profit, were rejected due to insufficient proof. The ruling follows a long legal battle arising from delays in executing Mumbai's first metro corridor.Read more
01 Mar 2026
Indian Railways has launched RailParcel, a pilot initiative to improve rail-based parcel movement across seven cities Hyderabad, Vijayawada, Guntur, Rajahmundry, Visakhapatnam, Bengaluru and Chennai under the South Central Railway zone. The pilot is digitally enabled through ROQIT, a platform developed by AION-Tech Solutions Limited, which provides a workflow and coordination layer for parcel operations during the proof-of-concept phase. RailParcel aims to introduce structured digitisation of booking and operational processes, enhance shipment visibility, and enable interoperability with existing railway systems, including CRIS. The initiative aligns with Indian Railways broader push to modernise logistics, improve multimodal coordination and leverage its largely electrified network to support more efficient and sustainable parcel transportation.Read more
01 Mar 2026
Arete Group has announced the launch of Riverscape, a luxury villa development in Tukwada, Vapi, marking its entry into South Gujarat's emerging premium residential segment. Spread across 17.6 acres along the Kolak River, the gated community comprises 196 four- and five-bedroom villas aimed at affluent end-users and non-resident Indians seeking large-format residential assets in industrial growth corridors. The project is positioned to benefit from Vapi's proximity to NH-48, rail connectivity and access to regional employment hubs, while offering a low-density, amenity-led residential environment. The launch comes amid rising demand for organised villa developments in South Gujarat, supported by industrial expansion, infrastructure upgrades and improved regional connectivity linked to national transport and economic corridor projects.Read more
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