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

Legal notice sent to municipal commissioner over alleged irregularities in Mulund dumping ground reclamation

Mumbai News Desk

04 Mar 2026

A legal notice has been served to the municipal commissioner alleging corruption and procedural violations in the Mulund dumping ground reclamation project in Mumbai. The notice claims that mandatory environmental safeguards mentioned in the tender are not being followed and that irregularities are taking place in waste excavation and transportation. It further alleges manipulation at the weighbridge, leading to multiple challans for the same vehicle. The complainant has sought a departmental inquiry against civic officials and warned of court action if no satisfactory response is received. The BMC has stated that the allegations will be examined.Read more

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Khammam–Devarapalle greenfield expressway close to completion under Bharatmala programme

04 Mar 2026

The 162-km Khammam Devarapalle access-controlled greenfield expressway, being developed by the National Highways Authority of India under the Bharatmala Pariyojana, is nearing completion. Built at an estimated cost of INR 3,700 crore, the four-lane corridor will be Telangana's first access-controlled highway. The project is expected to reduce the distance between Hyderabad and Rajahmundry by around 56 km and cut travel time by two to four hours. Despite delays due to land acquisition, utility shifting and monsoons, most of the construction has now been completed.Read more

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MSRDC sets up dedicated unit to accelerate slum-free Mumbai projects

Mumbai News Desk

04 Mar 2026

The Maharashtra State Road Development Corporation has entered the housing sector by forming a dedicated unit to implement slum redevelopment projects across Mumbai under the state's Slum Free Mumbai mission. The agency will redevelop 97,713 acres covering 24,226 slum tenements across multiple suburbs. An eight-member team has been constituted to manage planning, financial structuring, approvals and contractor monitoring. The move expands MSRDC's role beyond infrastructure rehabilitation. Parallel redevelopment efforts are also being carried out by MMRDA in key locations, including Ghatkopar, Jogeshwari and Malad, with thousands of rehabilitation units planned.Read more

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Adani Ports completes USD 495.1 million bond buyback; early tenders at USD 196.94 million

04 Mar 2026

Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the early results of its cash tender offer to repurchase up to USD 495.1 million of its outstanding offshore bonds. By the early participation deadline, bondholders had tendered USD 196.94 million worth of notes. This included USD 101.58 million of 4.0% senior notes due 2027 and USD 95.36 million of 3.1% senior notes due 2031. The company will proceed with early settlement shortly, while the offer will remain open until 13 March 2026.Read more

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E2E Transportation Infrastructure secures INR 97.82 crore signalling contract from South Western Railway in Karnataka

03 Mar 2026

E2E Transportation Infrastructure Limited has secured a signalling and telecommunication contract valued at INR 97.82 crore from South Western Railway for works in Karnataka. The project involves installing an automatic signalling system on the Whitefield Jolarpettai section of the Bengaluru Division. The contract has been awarded to BPPL ETIL JV, a joint venture involving the company. E2E must submit a performance guarantee of 5 per cent of the contract value within 21 days. The execution period is 30 months, and the company's current order book stands at around INR 660 crore.Read more

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Maharashtra orders high-level probe into Navi Mumbai housing fraud; CIDCO under scrutiny

03 Mar 2026

The Maharashtra government has ordered a high-level inquiry into alleged housing irregularities in Navi Mumbai involving the City and Industrial Development Corporation (CIDCO). The probe will examine claims that the mandatory 20 per cent affordable housing component in certain projects was not implemented and that over 2,000 affordable units were not constructed. Questions have also been raised over building permissions issued in Nerul, where approval authority lies with the Navi Mumbai Municipal Corporation. Officials found responsible for procedural lapses may face action after the panel submits its findings.Read more

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Minor head injury reported during Sewri-Worli project work; MMRDA takes action

03 Mar 2026

A small accident at the Sewri-Worli Elevated Connector project site saw a steel reinforcement bar fall and injure a passerby during ongoing pier work. The individual received treatment at Glenn Eagle Hospital, including four stitches, and is now stable. MMRDA's Executive Engineer visited the site and hospital to monitor the situation. The authority will cover all medical costs and support full recovery. Show-cause notices have been issued to the Project Management Consultant and contractor, while a safety review and stricter supervision measures have been implemented to prevent future incidents.Read more

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Delhi plans 5.3 km tunnel or elevated road to ease congestion on Sardar Patel Marg

Delhi News Desk

03 Mar 2026

Delhi authorities have proposed building a 5.3 km elevated road or tunnel between Talkatora Stadium and Dhaula Kuan to reduce congestion on Sardar Patel Marg, a key route to Indira Gandhi International Airport. The proposal has been sent to multiple agencies for review after earlier widening plans were dropped due to concerns over the Central Ridge. With only two lanes in each direction, the stretch faces heavy airport-bound traffic. Detailed feasibility and environmental assessments will now determine the project's future course.Read more

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KPMG leadership collaborates with MMRDA to enhance contract management in Mumbai infrastructure

03 Mar 2026

Senior officials from KPMG International met with Dr. Sanjay Mukherjee, Metropolitan Commissioner of MMRDA, to explore the adoption of global best practices in contract management and infrastructure governance. The discussions, led by Ms. Lisa Kelvey and Mr. Suneel Vora, focused on frameworks for risk allocation, procurement reforms, performance monitoring, and dispute avoidance in large-scale projects across the Mumbai Metropolitan Region. Emphasizing efficiency, fiscal discipline, and digital oversight, the engagement aims to strengthen MMRDA's project delivery and governance systems, marking a step towards aligning the authority's infrastructure projects with international standards.Read more

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Coastal Road North and GMLR set to boost Mumbai connectivity before 2029

Mumbai News Desk

03 Mar 2026

Mumbai's Coastal Road (North) and the Goregaon-Mulund Link Road (GMLR) are progressing as per schedule, with the BMC projecting completion by 2029 and 2028, respectively. The Coastal Road (North) will run from Versova to Dahisar, and the GMLR will connect Mindspace Malad Junction to Goregaon (E), improving north-south and east-west connectivity. All necessary clearances from environmental, maritime, and legal authorities have been secured. These projects follow the partially inaugurated Coastal Road (South) and aim to streamline travel, reduce congestion, and deliver significant infrastructure milestones ahead of upcoming elections.Read more

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BMW Ventures secures largest fabricated steel products order for BHEL project

03 Mar 2026

BMW Ventures Limited has secured its largest-ever fabricated steel products order worth INR 36 crore for a BHEL project, part of a broader INR 141 crore opportunity. The order underscores the company's growing capability in executing large-format industrial structures, supported by an RDSO-approved facility and annual production capacity exceeding 24,000 MT. With a consolidated order book now at 8,805 tons, BMW Ventures expects continued growth in fabricated steel products and steel girders. The win strengthens medium-term revenue visibility and aligns with its strategy to focus on higher-margin steel products.Read more

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SWAMIH Fund sanctions INR 115 crore to complete Antriksh Valley project in Greater Noida West

Noida News Desk

03 Mar 2026

The government-backed SWAMIH Investment Fund has approved up to INR 115 crore as last-mile funding for the stalled Antriksh Valley residential and commercial project in Greater Noida West. The capital will be infused through non-convertible debentures and used strictly for construction and project completion. The development, launched over a decade ago, had been delayed due to financial stress, weak sales, demonetisation and the pandemic. With new management clearing dues and regulatory penalties, the funding is expected to restart construction and help deliver homes to affected buyers.Read more

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Haryana clears final alignment of 64 km Gurugram-Faridabad-Noida Greater Noida Namo Bharat corridor

03 Mar 2026

The Haryana government has approved the final alignment of the 64 km Gurugram-Faridabad-Noida Greater Noida Namo Bharat RRTS-cum-Metro corridor, with nearly 52 km falling within the state. The project will be implemented by the National Capital Region Transport Corporation and aims to integrate seamlessly with existing metro networks in Gurugram and Faridabad. Key stretches in both cities have been defined, and the Detailed Project Report is being finalised. The corridor is expected to reduce travel time, ease congestion and strengthen regional connectivity across the NCR.Read more

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Highway construction under MoRTH likely to slow next fiscal amid continued weak project awards

03 Mar 2026

Highway construction activity under the Ministry of Road Transport and Highways (MoRTH) is expected to moderate next fiscal as project awards remain subdued, according to a recent report by rating agency ICRA. Execution is projected to decline to around 9,000-9,500 km from about 10,660 km achieved in the previous fiscal. Although awards this year are expected to remain similar to last year at 7,250-7,750 km, they are well below earlier peak levels. Toll collections are likely to stay stable, but growth may ease due to lower inflation-linked rate revisions.Read more

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MCD launches city-wide repair drive for park gym and play equipment after public complaints

03 Mar 2026

The Municipal Corporation of Delhi has initiated a comprehensive repair and maintenance campaign for damaged outdoor gym and play equipment across parks in the capital following sustained public dissatisfaction over disrepair and safety concerns. The programme, rolled out after complaints from residents and local councillors, covers equipment installed in roughly 2,000 parks across the city's maintenance portfolio of about 15,000 parks. An initial tranche of work has been completed in around 300 parks, with repairs underway to restore fitness installations and make them safe for community use. In parallel, the civic body has earmarked INR 1.2 crore for a one-off repair effort targeting children's play equipment across its 1,200 wards, with councillors emphasising the importance of completing the work ahead of the approaching summer season.Read more

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NHAI to review widening of 90-km Mumbai-Nashik highway stretch

03 Mar 2026

The National Highways Authority of India (NHAI) is set to deliberate on widening the 90-km Vadpe Gonde section of the Mumbai Nashik highway to six lanes. The move follows concerns raised about road safety, congestion and rising accidents on the corridor. While repair work has been completed and the stretch is currently motorable, authorities will assess future traffic demand, especially with the parallel Samruddhi Expressway operational. NHAI is also progressing with an eight-lane elevated corridor between Nashik Phata and Khed to ease congestion ahead of the upcoming Kumbh Mela.Read more

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Melbourne Airport to invest USD 4.5 billion in major international terminal expansion

03 Mar 2026

Melbourne Airport has announced a USD 4.5 billion expansion of its international terminal following record passenger growth. The airport recently handled more than 1.26 million international travellers in a single month, the highest in its history. The project will expand check-in, baggage claim and border processing areas, add five new gates and additional aircraft stands, and increase lounge and retail space. Planned in stages, the development will be privately funded and delivered while the airport remains operational, aligning with broader infrastructure upgrades including the third runway.Read more

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HG Infra emerges lowest bidder for INR 1,827.33 crore NHAI ring road project in Odisha

03 Mar 2026

H.G. Infra Engineering Ltd has been declared the lowest bidder for a major National Highways Authority of India project in Odisha. The company quoted INR 1,582.11 crore against the estimated cost of INR 1,827.33 crore for constructing Package III of the Capital Region Ring Road under the Hybrid Annuity Mode. The 40.33 km six-lane access-controlled corridor will connect Gobindpur on NH-55 to Tangi near the Bandola Toll Plaza on NH-16. The project is to be completed within 910 days from the appointed date.Read more

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NBCC to redevelop DDA staff quarters in Old Rajinder Nagar and Safdarjung at INR 775 crore under self-sustaining model

03 Mar 2026

State-owned NBCC (India) has entered into agreements with the Delhi Development Authority (DDA) to redevelop staff housing colonies at Old Rajinder Nagar and Safdarjung Development Area in New Delhi at an estimated project cost of INR 775 crore. The redevelopment will be undertaken on a self-sustainable model, under which a portion of the newly created built-up area will be monetised to fund construction, while the remaining area will be handed back to DDA for staff use. The two projects together will deliver a total built-up area of 1.66 lakh sq metres. NBCC will act as project management consultant and implementing agency, overseeing the projects from master planning and approvals to construction, quality audits and commissioning, in compliance with prevailing planning and construction norms.Read more

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Railways plans INR 1.4 lakh crore real estate monetisation under NMP 2.0 over five years

03 Mar 2026

The government has set a target to generate INR 1.4 lakh crore from Indian Railways land and station estate monetisation during FY26-FY30 under National Monetisation Pipeline 2.0. Around INR 1 lakh crore is expected from redevelopment of nearly 200 stations, while INR 43,800 crore will come from PPP-based development of other railway land assets. The Rail Land Development Authority has already met its FY26 target for other land parcels. Real estate recycling is projected to contribute 54 percent of Railways total INR 2.6 lakh crore monetisation goal for the five-year period.Read more

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