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%

Top Stories

Surat Metro Phase I nears completion, promising connectivity and economic growth

Vidhi Sangoi

17 Dec 2024

The Surat Metro, a transformative mass rapid transit system, is poised to revolutionize urban mobility in Surat, one of India's fastest-growing cities. Approved in 2019 with a budget of INR 12,020.32 crore, the project addresses traffic congestion and pollution in the booming textile and diamond hub. Phase I spans 40.35 km, comprising two corridors: the Red Line (21.61 km) and the Green Line (18.74 km), featuring 38 strategically placed stations. Co-funded by the Indian and Gujarat governments, with support from international lenders, the metro integrates modern amenities, accessibility features, and seamless connectivity. Set to serve 1.5 million daily commuters, it aims to enhance Surat's economic growth, reduce pollution, and promote sustainable, inclusive urban development.Read more

cover photo

Pune Metro expands with Line 3 to ease commutes and boost connectivity in IT hubs

PNT Reporter

17 Dec 2024

The Pune Metro is a major rapid transit initiative designed to ease travel within one of Maharashtra's most dynamic cities. Officially approved in 2016 and operational from March 2022, the system currently includes two lines spanning over 31 kilometers, serving vital residential, commercial, and industrial zones. Developed by Maharashtra Metro Rail Corporation Limited (MahaMetro), it employs modern rolling stock, automated fare collection, and eco-friendly features like regenerative braking and solar power utilization. Despite cost escalations, construction delays, and fluctuating ridership, the planned addition of a third line and future extensions signal long-term growth. The Pune Metro aspires to deliver reliable, efficient, and sustainable urban transportation.Read more

cover photo

Delhi Metro Phase-IV: Cabinet approves 26.5-km Rithala-Kundli metro corridor

PNT Reporter

16 Dec 2024

The Union Cabinet has approved the 26.463-kilometre Rithala-Kundli corridor as part of Delhi Metro's Phase-IV, connecting Delhi with Haryana through 21 elevated stations. The project, costing INR 6,230 crore, is set to be completed within four years. An extension of the Red Line, it will enhance connectivity to areas like Narela, Bawana, and Rohini. This will be Delhi Metro's fourth link to Haryana, joining existing connections in Gurugram, Ballabhgarh, and Bahadurgarh. With over 56% of Phase-IV construction already complete, this expansion solidifies Delhi Metro's global standing while improving regional transit and daily commuting for millions.Read more

cover photo

Kolkata Metro Line 6: RVNL completes basic work for Orange Line's underground tunnels

PNT Reporter

16 Dec 2024

Rail Vikas Nigam Ltd (RVNL) has completed essential groundwork for the underground tunnels of the Orange Line Metro along VIP Road, extending over 72m. As the project moves into a critical phase near the airport, the agency has requested changes to the existing traffic block to allow for smoother traffic movement. A five-day traffic trial is expected soon, aiming to assess the impact of the adjustments. The final leg of the project, which involves a mix of elevated and underground sections, is being carried out in phases to avoid disruptions to VIP Road, a vital link between the city and the airport.Read more

cover photo

Noida Metro: Aqua Line extension to add 11 stations, boosting Noida-Greater Noida connectivity

PNT Reporter

13 Dec 2024

The modified Detailed Project Report (DPR) for the extension of the Noida Metro's Aqua Line corridor has been submitted to the Centre for final approval. This extension will connect Sector 51 to Knowledge Park-V in Greater Noida and has been recently approved by the Uttar Pradesh Cabinet. The project, estimated to cost INR 2,991.60 crore, involves the addition of 17.435 km and 11 new stations, offering better urban connectivity and alleviating traffic congestion. Officials highlight its significance in improving public transport infrastructure and connecting key areas in Noida and Greater Noida.Read more

cover photo

Mumbai Metro: MMRC installs pedestrian crossing at Aarey-JVLR station to enhance commuter safety

PNT Reporter

13 Dec 2024

The Mumbai Metro Rail Corporation (MMRC) is constructing a new pedestrian crossing across the Jogeshwari-Vikhroli Link Road (JVLR) to improve access to the Aarey-JVLR Metro station on Line 3. Phase I of the Metro 3 corridor, connecting Aarey to BKC, opened this month with an average ridership of 22,000 daily. Safety concerns arose due to a lack of pedestrian pathways, prompting MMRC to install blinker signals, rumble strips, and nearby bus stops for last-mile connectivity. Track laying for the 21 km BKC-Cuffe Parade Phase II section is complete, with 88% overall project progress. Metro 3, once fully operational, will enhance Mumbai's connectivity through vital interchanges and improved accessibility.Read more

cover photo

Bengaluru: Cabinet approves Namma Metro phase 3A line which will connect Sarjapur to Hebbal

PNT Reporter

13 Dec 2024

The Karnataka state cabinet has approved Namma Metro's Phase 3A extension, linking Sarjapur to Hebbal at an estimated cost of INR 28,405 crore. The 36.6-km line will feature 17 elevated stations over 22.1 km and 11 underground stations over 14.5 km. It will connect Bengaluru's IT hub with northern areas, integrating with key lines: Blue at Iblur, Pink at Dairy Circle, Purple in the central business district, and Blue and Orange at Hebbal. While promising improved connectivity, Namma Metro's prior delays, such as Phase 1's five-year delay and Phase 2's incomplete sections, highlight challenges in execution. Timely planning and funding will be critical to avoiding cost escalations and meeting deadlines.Read more

cover photo

Patna Metro Rail to launch on August 15, 2025, boosting Bihar's infrastructure development

PNT Reporter

12 Dec 2024

Deputy Chief Minister Samrat Choudhary announced that the Patna metro rail is set to begin operations on August 15, 2025, coinciding with Chief Minister Nitish Kumar's development agenda ahead of state elections. The project is part of the INR 32,506.90 crore supplementary budget, which also funds road repairs, new medical colleges, and a tourism hub in Kaimur. Despite opposition protests, the budget passed by voice vote, with INR 3,028.91 crore allocated to social welfare. The metro's launch is expected to boost Bihar's infrastructure and economy while benefiting marginalized communities through enhanced connectivity and modernization efforts.Read more

cover photo

Delhi Metro: Rithala-Narela-Kundli metro extension to link Haryana, UP, and Delhi with 21 stations

PNT Reporter

12 Dec 2024

The Union Cabinet has approved the Rithala-Narela-Kundli metro corridor, connecting Haryana, Delhi, and Uttar Pradesh via a 26.5-km extension of the Delhi Metro's Red Line. The corridor, with 21 stations, will enhance connectivity to Narela and Rohini, supporting housing and educational developments. Notably, it marks the sixth NCR city connected by the Delhi Metro. Other ongoing projects include the Lajpat Nagar-Saket G Block and Inderlok-Indraprastha extensions and 65 km of Phase IV priority corridors, such as the Pink, Golden, and Magenta Lines, expected to open in phases by 2026. These expansions aim to ease travel and boost regional growth.Read more

cover photo

Thane-Borivali twin tunnel project gains momentum with forest land transfer

PNT Reporter

12 Dec 2024

The Thane-Borivali twin tunnel project is set to transform connectivity between Mumbai and Thane, reducing travel time from 90-120 minutes to just 15 minutes and shortening the distance from 23 km to 12 km. The INR 18,800-crore project will feature a 11.8-km underground twin tunnel beneath the Sanjay Gandhi National Park. The project includes three lanes per tunnel, with one reserved for emergencies, and will be completed by mid-2028. Environmental considerations include the use of recycled sewage water, while a combination of in-situ rehabilitation and relocation is planned for affected residents.Read more

cover photo