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

Parel TT bridge reconstruction may be aligned with SWEC Project

21 Oct 2023

The Brihanmumbai Municipal Corporation (BMC) is considering delaying the reconstruction of the Parel TT bridge to coincide with the Mumbai Metropolitan Region Development Authority's Sewri-Worli Elevated Connector (SWEC) project. Mumbai traffic police approved bridge closures for reconstruction, but the BMC plans to synchronize Parel bridge work with the SWEC project to mitigate congestion. The Parel TT bridge, over 40 years old, is set to undergo reconstruction given its damaged condition. In parallel, Central Railway is moving swiftly to replace the 110-year-old Sion rail overbridge at an estimated cost of 50 crore.Read more

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Outsourcing Aarey Hospital: A turning point in the BMC-state dairy department dispute

21 Oct 2023

The state Dairy Department has decided to outsource the Aarey Hospital in Mumbai's Goregaon East to a private charitable trust. The Aarey Hospital was caught in a dispute between BMC and the state Dairy Department for a long time. This decision ends BMC's hopes to gain a foothold in Aarey Colony. The move aims to revive the dilapidated facility, potentially aiding the 40,000 residents, including tribal communities, who lacked essential medical services. Concerns about potential privatization have arisen, with local activists questioning the need for a charitable trust intermediary to run the hospital. Aarey Dairy's CEO assures that the move isn't privatization but a transfer to a trust, ensuring affordability and quality in healthcare through a stringent bidding process.Read more

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Eastern Dedicated Freight Corridor: A game-changer for India's cargo transport network

21 Oct 2023

The Eastern Dedicated Freight Corridor (EDFC), a monumental infrastructure project spanning 1,337 kilometres from Punjab to Bihar, has been completed ahead of the Lok Sabha elections in India. Set to commence full operations on November 1, 2023, the EDFC is positioned to revolutionize freight transportation. The project, initiated by Prime Minister Narendra Modi, offers significant benefits to thermal power plants in several states, primarily aiding coal traffic. Despite cost overruns, reaching 1.24 trillion INR, the corridor is vital for the government's plan to optimize coal transportation networks and enhance freight efficiency. Delays caused by land acquisition and other challenges have been addressed, and EDFC is expected to handle 251 million tonnes of freight by 2036-37.Read more

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Mumbai's Central Railway unveils Rs 101 crore redevelopment for key stations

20 Oct 2023

The Central Railway (CR) has initiated a Rs 101 crore redevelopment project for four Mumbai stations— Parel, Byculla, Kanjurmarg, and Vikhroli —under the Amrit Bharat Scheme, citing increasing footfalls. Parel and Byculla's revamp costs are Rs 19.41 crore and Rs 35.52 crore, respectively, while Vikhroli and Kanjurmarg redevelopment costs are pegged at Rs 19.16 crore and Rs 27.01 crore. The focus is on expanding station premises for enhanced movability, including foot over bridges, lifts, escalators, and better amenities like water huts and lighting. The stations will feature improved infrastructure, signage, and accessibility. The CR aims to complete the project within a year.Read more

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Nashik's Municipal Commissioner takes tough stance on improper construction waste disposal

20 Oct 2023

Nashik Municipal Commissioner Ashok Karanjkar expressed concern over irresponsible disposal of construction waste by builders and contractors. During a meeting with the Godavari pollution prevention cell, he instructed officials to take action against erring individuals. Deputy Commissioner Vijay Kumar Mundhe emphasized strict measures, with fines for offenders. The Nashik Municipal Corporation (NMC) deployed vehicles across its divisions to lift debris, charging Rs 800 per tonne. The NMC urged residents to approach designated offices for lifting such waste or face fines. A work order was also issued to a private firm for constructing and operating a C&D waste recycling plant at Pathradi.Read more

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India's mega infrastructural project; the Mumbai-Nagpur Expressway takes shape

20 Oct 2023

The Mumbai-Nagpur Expressway, India's second longest, heralds a new era of connectivity, spanning 701 km with potential to reduce travel time between Mumbai and Nagpur to 8 hours. Linking 10 vibrant districts, it enhances cultural exchange and economic growth. Executed in phases, the project showcases India's vision and determination, with Phase II inaugurated on May 26, 2023. Costing Rs. 55,332 crores, it stands as a testament to India's commitment to development. As the final stretches near completion, the nation eagerly awaits the transformative impact of this monumental expressway.Read more

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Carnac Bunder Bridge reconstruction takes a step forward as BMC issues tenders

19 Oct 2023

The Brihanmumbai Municipal Corporation (BMC) has made significant progress in reconstructing the 150-year-old Carnac Bunder Bridge, issuing tenders for its approaches and initiating the girder manufacturing process. Despite initial concerns about delays, BMC officials are confident about completing the project within 12 months, costing 252 crore. Challenges, including poor coordination with railways, have caused setbacks, leading to traffic congestion and inconveniences. The BMC's dedicated efforts, along with continued stakeholder coordination, are crucial for ensuring a smooth reconstruction process, minimising disruptions for Mumbai's residents and commuters.Read more

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BMC pushes for DP Road Project despite hurdles in land acquisition

19 Oct 2023

The BMC is moving forward with a road construction project in Chandivali, despite not having acquired the necessary land. The road was planned as part of a 30-year-old development plan. The BMC started construction of the road but got stuck at one-third of the stretch. The land for the remaining road is full of encroachments. Local residents protested, leading to eviction notices and re-initiation of tenders. Only two bids were received for the tender. The BMC extended the timeline due to a lack of response. The BMC emphasizes the work will commence after land acquisition but the DP department, responsible for land acquisition, faces criticism for delays. Citizens question the delayed acquisition process and inaction against encroachments and urge timely action for road development in Chandivali.Read more

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Adani plans to invest Rs 20,000 crores in the Vizhinjam port by the year 2030

19 Oct 2023

Adani Ports has unveiled a monumental Rs 20,000 crore investment in Kerala's Vizhinjam Transhipment Terminal by 2030, signalling a transformative shift in the state's infrastructure. The port's strategic significance lies in its natural depth of over 18 metres, making it ideal for large vessels and reducing reliance on foreign hubs. Adani Ports, a key investor, aims to handle 1 billion tonnes of cargo annually by 2030, aligning with its vision of becoming a global port leader. This initiative not only enhances Kerala's infrastructure but also amplifies India's maritime capabilities, fostering competitiveness on the global trade stage.Read more

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Problems surface with decorative lights in BMC's 1,700 crore beautification project

18 Oct 2023

The BMC’s Rs 1,700 crore Mumbai beautification project faces a setback as decorative lights installed since October 2022 across key areas have begun to malfunction. The decorative lights were installed on the street lights and many of them on prominent roads and flyovers have stopped working. This malfunction is blamed on the street lights' inability to cater to increased power load, unsuitable wiring, and damage from illegal political hoardings. BMC Commissioner Iqbal Singh Chahal assures resolution within two weeks. Critics question the expenditure's priority over essential facilities and advocate FIRs against illegal banners. Others blame improper planning by the BMC and suggest redirecting funds for public services.Read more

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