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

BUDA's vision for systematic development in Belagavi region

09 Sep 2023

The Belagavi Urban Development Authority (BUDA) has expanded its jurisdiction to encompass an additional 28 villages surrounding the city, following government directives. This extension, made under the authority of Section 4(A)(1) of the Karnataka Urban and Rural Planning Act 1961, aims to promote systematic growth, connectivity, industries, and residential development. A fresh master plan, expected to be prepared by a selected firm, will cover these newly included villages, supplementing the 2014 plan that initially covered 15 villages. Despite a two-year delay, this decision empowers BUDA to oversee infrastructure-related projects in all 41 villages, fostering coordinated development in the region.Read more

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Land allocation accelerates Mumbai Metro expansion with car sheds for four key routes

09 Sep 2023

The Mumbai Metropolitan Region Development Authority (MMRDA) is set to receive a 71.04-hectare plot of land in Thane for the construction of car sheds for four metro routes. This move, approved by the state cabinet, is expected to accelerate the progress of various metro projects, including the vital Metro 4 route, which has faced delays due to the lack of a car shed. The allocation of this land is seen as a crucial step in improving Mumbai's public transportation infrastructure and connectivity across the region, benefiting commuters and easing congestion in the city.Read more

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Haryana CM highlights solar mission amidst urban development agenda

08 Sep 2023

Haryana Chief Minister Manohar Lal Khattar has unveiled an ambitious master plan for the comprehensive development of the urban area in Faridabad. Developed in collaboration with IIT Delhi and IIT Roorkee, the plan aims to systematically improve infrastructure and public services within the Faridabad Metropolitan Development Authority's jurisdiction. Khattar emphasized the need for a corruption-free government and swift action against illegal construction and encroachments. Additionally, Khattar highlighted the importance of water conservation and celebrated the successful launch of India's solar mission Aditya-L1 by ISRO, expressing optimism for its success.Read more

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Sela tunnel in Arunachal Pradesh nearing completion, to be world's highest twin-lane tunnel

07 Sep 2023

The Border Roads Organisation (BRO) is nearing completion of the Sela tunnel in Arunachal Pradesh, which will be the world's longest twin-lane tunnel above an altitude of 13,000 feet. The tunnel, part of India's infrastructure development along the China border, will significantly improve troop and weapon deployment in the strategically important Tawang region. Delays caused by cloudbursts and landslides during the rainy season are being overcome, and the tunnel is expected to be operational within four weeks. Additionally, the Nechiphu tunnel in the same region is set for inauguration soon. These projects aim to enhance India's infrastructure along the China border.Read more

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Jamshedpur east slums to receive tap water supply thanks to TSUISL's initiatives

06 Sep 2023

Tata Steel Utility and Infrastructure Services Ltd. (TSUISL) is making significant progress in providing essential infrastructure to over one lakh residents in several slums in Jamshedpur East. These initiatives include installing electricity and water connections. Local MLA Saryu Roy commended TSUISL's efforts, particularly in addressing water supply issues and upcoming tap water provisions for residents. Discussions with the company's Managing Director revealed plans for drainage system construction and drain cleaning in different areas, improving living conditions. TSUISL has also agreed to issue a no objection certificate for the construction of an elevated corridor and flyover, promising enhanced transportation infrastructure.Read more

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Tata Power allies with Sanyo Special Steel for Green Energy Plant

06 Sep 2023

TPREL has joined forces with SSMI to establish a robust 28.12-megawatt green energy plant in Maharashtra. This strategic partnership, conducted via TP Alpha Limited, represents TPREL's commitment to sustainable energy. The venture centres around a 28.125 MW AC captive solar plant in Aachegaon, Solapur district, expected to generate 61.875 million units of electricity annually for SSMI's steel manufacturing unit. The project will substantially reduce SSMI's carbon footprint by 42,534 metric tonnes a year, aligning with their green steel production goals. TPREL continues to expand its renewable energy portfolio, reaffirming its pioneering status.Read more

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Action ordered against unauthorized constructions in Nashik's Godavari River flood zones

02 Sep 2023

The Nashik Municipal Corporation is responding to concerns regarding buildings constructed within the Godavari River's blue line areas. The blue line demarcates a boundary aimed at preventing flooding and water-related issues. Unauthorized construction within this zone can disrupt natural river flow, leading to flooding during heavy rains. To address this, the municipal corporation is identifying such buildings and is likely to take actions like relocation and demolition to ensure the city's safety and sustainability. This directive underscores the importance of adhering to regulations for well-planned urban development and environmental protection. It also emphasizes the need to prioritize safety and environmental safeguards in urban expansion efforts.Read more

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Indian Railways investment crosses record Rs 1 lakh crore mark in first four months of FY 23-24

02 Sep 2023

During the first four months of the fiscal year 2023-24, the Indian Railways has exceeded the milestone of one lakh crore rupees in investment for ongoing infrastructure and safety projects. This rapid progress is a first for the Railways, with nearly 40% of the gross budgetary support for the year already utilized. The investments encompass various crucial areas, including network expansion, electrification, safety measures, and passenger experience enhancement.Read more

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Obstacles persist in Mumbai's Gokhale Bridge project as demolition orders clash with monsoon restrictions

02 Sep 2023

The reconstruction of Mumbai's Gokhale Bridge has faced a setback as the BMC's bridges department seeks the demolition of 13 structures on the Andheri East side to accommodate a crane necessary for assembling the bridge girder. While the structures hinder construction, concerns arise due to monsoon-related court orders preventing demolitions and evictions. The contractor requires more space to manoeuvre the crane, but only nine encroached structures can be demolished in October post-monsoon. The bridge, previously marred by delays, must meet a deadline for one side's completion by October. The project reflects challenges in urban infrastructure development amidst regulatory constraints.Read more

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Race Against Time: Incomplete CZMP puts Goa's coastal development projects at risk

01 Sep 2023

The completion of Goa's Coastal Zone Management Plan (CZMP) by October is crucial for the future of development projects along its picturesque coastal belt. Failure to meet this deadline could lead to a halt in considering new projects seeking Coastal Regulation Zone (CRZ) clearance, both private and public. The National Coastal Zone Management Authority (NCZMA) has set a two-month window for coastal states and union territories to align their CZMPs with the 2019 CRZ notification. Goa's state government, however, aims to have its CZMP ready by November, raising concerns about meeting the Union government's deadline. The completion of CZMPs is essential for regulating future coastal projects according to updated guidelines.Read more

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