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

New Hanle-Chumar road boosts border access and tourism in Ladakh

26 Sep 2025

A 91-kilometre road connecting Hanle to Chumar in Ladakh has recently been opened for public use. Built by Project Himank under the Border Roads Organisation, the road passes through altitudes of 14,500 to 17,200 feet, including the high Salsa La Pass. The project is designed to strengthen strategic connectivity for the Armed Forces while improving local access and boosting tourism. The road links key sites such as Hanle Observatory, Kyun Tso Lake, Chilling Tso Lake, and extends to Tso Moriri, offering safer and more reliable travel in this remote region.Read more

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Visakhapatnam and Vijayawada metro projects open for joint venture bids

26 Sep 2025

The Andhra Pradesh Metro Rail Corporation (APMRC) has authorized joint venture (JV) participation in the International Competitive Bidding (ICB) tenders for Phase 1 of the Visakhapatnam and Vijayawada metro rail projects. This move aims to encourage wider participation and expedite project completion. The Phase 1 tenders cover 46.23 km in Visakhapatnam and 38 km in Vijayawada, accounting for 40% of each project's cost and focusing on civil works. The APMRC has set the tender submission deadlines for Visakhapatnam and Vijayawada metro projects as October 10 and October 14, respectively, with no plans for extensions. The metro projects are expected to be completed within 35 to 40 months and become operational by 2028.Read more

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Kerala completes tender process for Palakkad Smart City infrastructure development

25 Sep 2025

Kerala has finalized the tender for infrastructure development at the Palakkad Smart City, part of the Kochi-Bengaluru Industrial Corridor. The INR 1,316.13 crore (approximately USD 158 million) contract was awarded to a joint venture of Dilip Buildcon Limited and PSP Projects Limited. The project, covering 1,450 acres, includes roads, bridges, drainage, water supply, power distribution, sewage treatment, and industrial effluent systems. Kerala has already invested INR 1,489 crore (around USD 180 million) through KIIFB for land acquisition. This development marks a significant milestone in the state's industrial growth and smart city initiatives.Read more

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Maha Mumbai Metro restores services after technical snag

25 Sep 2025

Maha Mumbai Metro faced a brief technical issue during the trial run of Metro Line 9 near Dahisar (East) earlier this week, which temporarily halted operations. To ensure passenger convenience, services were promptly restored with loop and short loop operations introduced. While minor delays occurred, trains continued running across key stretches. The technical team addressed the glitch swiftly, and services are now fully operational with a renewed emphasis on safety and reliability.Read more

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Government grants infrastructure status to large commercial ships in India

25 Sep 2025

The government has granted infrastructure status to large commercial ships, adding them to the harmonised master list of infrastructure under transport and logistics. Vessels of 10,000 gross tonnage or more, and those above 1,500 gross tonnage if built and flagged in India, now qualify. The move, announced in Budget 2025-26, allows shipping firms easier access to overseas borrowing, tax concessions, and funding support from institutions like IIFCL. Alongside, a Maritime Development Fund worth INR 25,000 crore will aid ship financing, targeting INR 1.5 lakh crore in investments by 2030. The policy aims to boost Indian-flagged ships' global share and strengthen domestic shipbuilding.Read more

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Hindustan Construction Company secures major contracts for Patna Metro underground works

25 Sep 2025

Hindustan Construction Company Ltd (HCC) has secured two contracts worth INR 1,418.3 crore and INR 1,147.51 crore from Patna Metro Rail Corporation Ltd under Phase I of the Patna Metro project. The works span 10.67 km of underground twin tunnels using Tunnel Boring Machines and six metro stations on the Danapur-Khemnichak Corridor. Package PC-05 includes tunnels, a cut-and-cover ramp at Mithapur, and stations at Vikas Bhawan, Vidyut Bhawan, and Patna Station. Package PC-06 covers an underground ramp at Rukanpura and stations at Rukanpura, Raja Bazar, and Patna Zoo. HCC, with metro experience in Delhi, Mumbai, Bengaluru, and Kolkata, strengthens its role in India's metro infrastructure.Read more

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Kanpur Metro completes up-line tunnel from Central to Naubasta

25 Sep 2025

The Kanpur Metro project has reached a key milestone with the completion of the up-line tunnel connecting Kanpur Central to Naubasta via Jhakarkati and Transport Nagar. The 'Azad' Tunnel Boring Machine (TBM) finished the 950-metre tunnel, including a technically challenging 70-metre stretch beneath railway tracks. Meanwhile, the 'Vidyarthi' TBM is nearing completion of the down-line tunnel. This progress is part of the broader development of Corridor-1's underground section, following earlier tunnelling of 1.25 km between Kanpur Central and Nayaganj, enhancing the city's metro connectivity.Read more

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Centre clears salt pan land for Dahisar-Bhayandar Link Road project

25 Sep 2025

The Union government has leased 53.17 acres of salt pan land to the Brihanmumbai Municipal Corporation (BMC) on a 99-year lease worth INR 12.9 crore for the Dahisar-Bhayandar Link Road (DBLR). This 5 km elevated stretch, running from Dahisar West to Bhayandar West, will close a critical connectivity gap between Nariman Point and Mira Bhayandar. Larsen & Toubro secured the INR 3,304 crore construction contract, and the project is expected to be completed within three years, significantly easing traffic and shortening commute times.Read more

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Calcutta HC clears hurdle for Orange Line metro work at Chingrighata

25 Sep 2025

The Calcutta High Court has resolved a long-standing issue that was delaying the Orange Line metro construction at Chingrighata. The work had been stalled since early February due to the Kolkata Police not issuing a No Objection Certificate (NOC) required for cordoning off a section of the busy EM Bypass. A meeting involving Rail Vikas Nigam Ltd (RVNL), Metro Railway, Kolkata Police, and state officials resolved the matter. With the clearance in place, the last 366-meter stretch of the viaduct will be constructed, and girder-launching is scheduled for two weekends in November.Read more

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1,300 civic projects rolled out across 33 districts to boost Bihar's cities

25 Sep 2025

Bihar Chief Minister Shri Nitish Kumar launched an INR 769 crore urban development initiative spanning 33 districts, covering 1,300 projects led by BUIDCO and PSCL. The scheme focuses on road repairs, drainage improvements, park upgrades, and high-mast lighting to improve connectivity, sanitation, and public services. The Maurya Lok Complex in Patna is also being renovated with a multi-purpose hall, multiplex, fine dining restaurant, gym, and commercial office spaces. The initiative demonstrates the government's commitment to modernizing civic amenities and enhancing urban infrastructure across the state.Read more

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Telangana CM orders fast land acquisition and compensation for highways by October

24 Sep 2025

Telangana Chief Minister Shri Anumula Revanth Reddy has instructed officials to speed up land acquisition and payment of compensation for highway projects, including the Regional Ring Road (RRR), greenfield highways, and elevated corridors. He has set the end of October 2025 as the deadline for completing the acquisition and compensation work. The CM has warned that district collectors, revenue officers, and mandal officers who delay will face removal. The move follows concerns over delays due to permissions, legal cases, and unclear alignments affecting farmers and infrastructure progress.Read more

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NBCC signs MoU with HUDCO for INR 117 crore development projects across India

24 Sep 2025

NBCC (India) Ltd has signed a Memorandum of Understanding (MoU) with Housing and Urban Development Corporation Ltd (HUDCO) to execute development projects worth over INR 117 crore across Panchkula, Kaushambi, Ahmedabad, and New Delhi. Under the agreement, NBCC will construct a commercial complex, redevelop HUDCO land parcels, build new office blocks, and reconstruct residential flats at the Asian Games Village. All projects will be undertaken on a turnkey basis, reflecting NBCC's expertise in project management consultancy and real estate development, and supporting urban infrastructure growth.Read more

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India can generate 3,343 GW solar power from wastelands: NISE report

24 Sep 2025

A recent NISE report finds that India could generate 3,343 GWp of power through ground-mounted solar PV across 27,571 sq km of wasteland, a significant rise from the 2014 estimate of 748.98 GWp. Western and southern states contribute the most, while northeastern and Himalayan regions have limited potential due to terrain and forest cover. Supported by government policies, India's installed solar capacity has crossed 100 GW. The study highlights that solar resources are abundant nationwide, challenging the belief that only a few states hold significant potential.Read more

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Cochin Shipyard and Mazagon Dock to set up new shipbuilding facilities in Tamil Nadu

24 Sep 2025

Cochin Shipyard Ltd and Mazagon Dock Shipbuilders Ltd are planning new shipbuilding facilities in Tamil Nadu, in collaboration with the state government. The move aligns with India's Maritime India Vision 2030 and aims to significantly boost shipbuilding capacity. India currently has less than 1% of the global shipbuilding market but plans to become a top 10 shipbuilding nation by 2030 and reach top five by 2047. Partnerships with international firms and domestic initiatives are central to achieving this growth.Read more

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KEC International secures INR 3,243 crore orders for power transmission and distribution projects

24 Sep 2025

KEC International has secured new orders worth INR 3,243 crore for power transmission and distribution projects in the UAE and the Americas. These include 400 kV transmission lines and the supply of towers, poles, and hardware. With these orders, the company's year-to-date total has reached INR 11,700 crore. The Middle East continues to be an important growth region, and KEC's work across power, civil, transport, renewables, and pipelines helps it maintain a strong position in global infrastructure projects.Read more

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Mumbai Metro Lines 4 and 4A to boost Mumbai-Thane connectivity with six interchanges

24 Sep 2025

The trial run for the first phase of Metro Lines 4 and 4A in Thane was successfully conducted, with officials projecting a significant reduction in travel time across the Mumbai Metropolitan Region. The project is expected to benefit approximately 22 lakh daily commuters, reducing travel time by 50 to 75 percent. The total investment for the project is estimated at INR 16,000 crore. Once completed, the 35.20 km Metro Lines 4 and 4A will connect Wadala, Ghatkopar, and Mulund in Mumbai to Kasarvadavali and Gaimukh in Thane. The project aims to address the growing demand for efficient public transportation in the region.Read more

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PM Modi to lay foundation of Mahi-Banswara nuclear plant on September 25

24 Sep 2025

Prime Minister Shri Narendra Modi is visiting Banswara, Rajasthan, coinciding with the birth anniversary of Pandit Deendayal Upadhyay. During the visit, he will lay the foundation stone for the Mahi-Banswara Nuclear Power Plant and inaugurate projects and schemes worth more than INR 1.21 lakh crore. These initiatives focus on expanding energy capacity, promoting clean and renewable energy, enhancing connectivity, and supporting farmers through solar-powered irrigation under the PM-KUSUM scheme, strengthening Rajasthan's infrastructure and rural economy.Read more

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Surat plans modern townships around new bullet train station with JICA support

24 Sep 2025

The Surat Urban Development Authority (SUDA), in collaboration with the Japan International Cooperation Agency (JICA), has reviewed five innovative town-planning schemes designed for the upcoming bullet train station area. Two schemes have already been cleared at the draft stage by the state, and one has been filed as a preliminary plan. The remaining proposals highlight features such as green corridors, non-motorised transport, lakefront development, central plazas, and MICE facilities, reflecting a push towards modern, sustainable and pedestrian-friendly urban design.Read more

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NHSRCL reports major progress at BKC bullet train station excavation

24 Sep 2025

The excavation work at the Bandra Kurla Complex (BKC) station for the Mumbai-Ahmedabad bullet train project has reached its final stage, with 84% of the work completed. The station, designed as India's first underground bullet train terminus, will feature six platforms, each approximately 415 meters long. Inspired by the Arabian Sea's clouds and waves, the station's architectural design aims to provide seamless connectivity to nearby metro lines and roads.Read more

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Lucknow Development Authority enables digital building map NOCs via WhatsApp

23 Sep 2025

Lucknow Development Authority (LDA) has introduced a digital system so that applicants seeking Building Map No Objection Certificates can receive them through WhatsApp. The new arrangement uses the authority's Enterprise Resource Planning system to coordinate approvals and communicate with multiple departments, reducing traditional delays. Alongside this, the LDA has digitised land use verification, enabling prospective land buyers in Lucknow to check land status online by submitting relevant documents and location data.Read more

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