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%

Infrastructure News

Kochi Metro to add Airport Line as part of its phase III expansion

25 Nov 2023

Kochi Metro Rail Limited (KMRL) is set to begin the Phase III expansion of its network, focusing on an essential airport line. The work is expected to begin at the start of next year. This follows the completion of a comprehensive mobility plan by a Delhi-based consultancy. The project includes two proposed lines, enhancing connectivity to Cochin International Airport. The revised detailed project report (DPR), reflecting updated population and passenger flow data, will be submitted to the state government soon. This expansion is expected to significantly boost ridership and profitability for the metro system.Read more

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Surat's ambitious 700cr barrage project clears Coastal Regulation Zone hurdle

25 Nov 2023

The Surat Municipal Corporation's ambitious conventional barrage project, spanning the Tapi River near Rundh-Bhatha, has received formal approval from the Coastal Regulation Zone (CRZ). Valued at Rs 706 crore, the project aims to enhance water supply to Surat city and meet the industrial needs along the Tapi's right bank. The barrage includes an adjoining flyover bridge and a freshwater storage reservoir. Designed with ecological preservation in mind, it ensures a minimum water flow of 300 cusecs, aligning with regional water resource management strategies. The project's phased implementation involves land acquisition and funding from the state and central governments, marking a significant milestone.Read more

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Belagavi Airport set for major expansion with additional 57 acres

24 Nov 2023

Belagavi Airport in Karnataka is set for a major expansion with the acquisition of an additional 57 acres. The state government's move builds on the 2017 upgrade, which saw a new terminal and runway extension. Authorities, emphasizing fair compensation, are addressing local farmers' concerns regarding land acquisition. The Airports Authority of India plans to invest Rs 229.5 crore for a new terminal spanning 20,000 square meters, aimed at boosting regional connectivity and economic growth. The expansion underscores the balance between development and community interests.Read more

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It’s a tug of war between progress and heritage for Matharpacady Village

24 Nov 2023

Matharpacady, a compact area within Mazgaon, is witnessing tug-of-war between progress and heritage in the village. Locals wrestle with a pivotal choice – to cherish their historic haven or embrace redevelopment. The struggle pits those yearning for better living against owners anxious about losing their distinct identity. Shreepati Build Infra Heritage emphasises urgent redevelopment, citing compromised infrastructure. Amid legal complexities, the village stands at a crucial juncture, its fate hanging in the balance of collective desires and legal intricacies, leaving the community in suspense about what lies ahead.Read more

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JSW Infrastructure to Develop Keni Port in Karnataka

24 Nov 2023

JSW Infrastructure has secured a Rs 4,119 crore contract from the Karnataka Maritime Board to develop the Keni Port in Karnataka. The greenfield port, one of two planned by the state government, is set to have an initial cargo-handling capacity of 30 million tonnes per annum (MTPA). JSW Infrastructure emerged as the winning bidder, with plans to address the logistics demand in the rapidly growing state and the region's economy. The Keni Port will be strategically located between Mormugao Port in the north and New Mangalore Port in the south, catering to various industries in the region.Read more

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BMC floats a Rs 42 crore tender for Yari Road-Lokhandwala bridge

23 Nov 2023

The Brihanmumbai Municipal Corporation (BMC) has floated a Rs 42 crore tender for a long-delayed project - a Y-shaped vehicular bridge connecting Yari Road and Lokhandwala in Mumbai's western suburbs. Initially proposed in 2002, the project faced legal hurdles, causing significant cost escalation. The 100-meter-wide bridge over Kavathe Creek aims to reduce travel time from 30-45 minutes to just five minutes. Concerns were raised over destruction of mangroves for the bridge, but the Supreme Court quashed the stay after BMCs assurance regarding replanting. With a proposed completion by 2025, locals anticipate relief from the lengthy commute, while the BMC emphasizes environmental friendliness and improved connectivity.Read more

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Coordination gaps and inadequate measures for GRAP enforcement in Gurugram

23 Nov 2023

Despite enforcement efforts and issuing fines, construction activities in Gurugram persist in violation of Graded Response Action Plan (GRAP) norms. Haryana Shahri Vikas Parishad (HSVP) and Municipal Corporation of Gurugram (MCG) have struggled to curb these activities, leading to dust pollution. Construction work and uncovered building materials are observed in sectors 27, 28, 42, 43, 51, 52, 56, 57, and 46. Despite the authority's power to penalize, strict implementation is lacking. The sectors' maintenance falls under MCG, while HSVP handles property approvals. MCG has issued 195 challans totalling Rs 23 lakh, predominantly targeting construction sites for non-compliance.Read more

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MMRC wraps up Metro Line 3 DPR, awaits government approval

22 Nov 2023

Mumbai Metro Rail Corporation (MMRC) has finalized the Detailed Project Report (DPR) for extending underground Metro Line 3 up to Navy Nagar, covering a five-kilometre stretch. The DPR awaits state government approval following the 2022-23 budget announcement. The expansion aims to benefit densely populated areas, including central government residential quarters. Construction is slated for a 2025 start, post the existing Metro Line 3's commercial operations. MMRC acquired nine train sets for Phase 1, delayed to early next year, while Phase 2 operations begin in 2024. Recent trials and ongoing track installations mark progress for the extensive metro network.Read more

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Odisha Cabinet unveils ambitious Bhubaneswar Metro plans

22 Nov 2023

The Odisha cabinet, led by Chief Minister Naveen Patnaik, has given the green light to the Bhubaneswar Metro Rail Project (BMRC) Phase I. The Delhi Metro Rail Corporation (DMRC) will spearhead the Rs 5,929.38 crore turn-key project, spanning 26 km with 20 stations from Biju Patnaik International Airport to Trisulia Square near Cuttack. The infrastructure, part of the Greater Capital Region metropolitan city plan, aims to serve around 50 lakh people. The first phase, focusing on Bhubaneswar, Khurda, Cuttack, and Puri regions, is slated for completion in four years, featuring elevated viaducts, modern coaches, and advanced systems.Read more

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KMRL adopts innovative measures to ensure land acquisition for Kochi Metro Phase II

21 Nov 2023

Kochi Metro Rail Limited (KMRL) is taking a proactive approach to the construction of Chembumukku and Padamugal stations along the Phase II line. If there are delays in land acquisition for these stations, KMRL plans to proceed with the construction of the other eight stations. The government has provided administrative sanction for land acquisition, but opposition from residents may delay decisions for Chembumukku and Padamugal. KMRL is exploring vacant government land as an alternative. The consideration to start construction on other stations while awaiting decisions reflects KMRL's commitment, with a focus on innovative solutions to mitigate potential challenges and streamline the process.Read more

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