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

Delhi Airport to resume operations on upgraded runway RW 10/28 this month

10 Sep 2025

Runway RW 10/28 at Delhi's Indira Gandhi International Airport is scheduled to reopen this month after being closed for three months to complete upgrade works. The runway was initially supposed to be upgraded in May but was kept open due to congestion. It was later shut in mid-June for a detailed upgrade. The work included making the runway CAT III compliant by upgrading its Instrument Landing System, which will allow aircraft to land in fog and low visibility. The reopening is expected to ease congestion and improve operational flexibility at India's busiest airport.Read more

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India's steel sector seeks reforms to boost sustainability and global competitiveness

10 Sep 2025

The AIIFA Sustainable Steel Manufacturers Association, representing over 1,800 members, has urged reforms in standards, sustainability practices, and taxation to strengthen India's steel sector. Contributing nearly 47% of national steel output, the secondary steel industry supports decentralized growth, employment in semi-urban and rural areas, and India's 300-million-tonne capacity goal by 2030. Key challenges include raw material price fluctuations, rising energy costs, logistics inefficiencies, and decarbonization pressures. Experts highlight the potential of green steel, circular economy models, and streamlined GST compliance to enhance competitiveness, innovation, and global market presence.Read more

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MRVC floats INR 21,000-crore tender for 2,856 air-conditioned Vande Metro suburban coaches

09 Sep 2025

The Mumbai Railway Vikas Corporation (MRVC) has issued an e-tender worth INR 21,000 crore for procuring and maintaining 2,856 air-conditioned Vande Metro suburban coaches over 35 years. This initiative is a part of the Mumbai Urban Transport Project (MUTP) Phases 3 and 3A, aims to modernize the city's suburban railway network and reduce overcrowding. The new coaches will operate in 12-, 15-, and 18-car formations, with maintenance depots at Bhivpuri on the Central Railway line and Vangaon on the Western Railway line. Global bids are scheduled to open in December 2025, with the first prototype expected within two years of contract award.Read more

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Ethiopia inaugurates Africa's largest hydropower dam amid tensions with Egypt

09 Sep 2025

Ethiopia has inaugurated the Grand Ethiopian Renaissance Dam, the largest hydropower project in Africa, designed to supply electricity to millions and strengthen regional energy networks. While the dam promises economic growth and energy access, it has escalated tensions with Egypt, which depends on the Nile for 90% of its water and fears shortages and future upstream projects. Sudan seeks agreements but may benefit from the dam. Funded largely by Ethiopia, the project has become a national unifying symbol, even as rural populations remain partially unconnected to the national grid.Read more

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IFC to invest USD 60 million to Visakhapatnam for sanitation infrastructure

09 Sep 2025

The International Finance Corporation (IFC), a member of the World Bank Group, has committed up to USD 60 million (about INR 498 crore) to the Greater Visakhapatnam Municipal Corporation (GVMC) through rupee-denominated non-convertible debentures. This marks IFC's first direct municipal financing in India without a sovereign guarantee. The investment will support the Madhurawada Sewerage System Project, with a total cost of INR 553 crore, combining contributions from the central government and GVMC. The initiative is expected to improve sanitation, protect the coastline, and strengthen municipal creditworthiness.Read more

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Arunachal Cabinet pushes for structured planning in 47 urban centres

09 Sep 2025

The Arunachal Pradesh Cabinet has approved a Bill to create a legal framework for town planning schemes, aiming to guide structured urban growth across the state. This step comes amid growing urbanisation in 47 notified urban centres that need organised development. The Cabinet also sanctioned the establishment of four new fire stations and 68 posts to improve emergency response services. Additionally, the Arunachal Pradesh Municipal Property Tax Management Rule, 2025, was approved to enhance fiscal autonomy and property tax collection in municipal areas, supporting financially self-reliant urban local bodies.Read more

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Mumbai to get 10 new water transport routes, 4 linked to Navi Mumbai Airport

09 Sep 2025

The Maharashtra Maritime Board (MMB) is planning to introduce 10 new water transport routes in the Mumbai Metropolitan Region (MMR), including four connecting the upcoming Navi Mumbai International Airport. Kochi Water Metro has been appointed to prepare a Detailed Project Report (DPR) for the new routes. The study will include passenger surveys, travel demand analysis, and terminal planning. The new routes aim to improve commuting, reduce road congestion, and enhance water-based transport options. The DPR will also support upgrades on 21 existing MMR ferry routes.Read more

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15 new metro stations to strengthen Gurugram's urban infrastructure

09 Sep 2025

The foundation stone for Gurugram Metro's first phase was laid this past week by Haryana's Chief Minister Shri Nayab Singh Saini and Union Urban Development Minister Shri Manohar Lal Khattar. The project, estimated at INR 5,600 crore, will stretch 28.5 km, linking Millennium City Centre with Sector 101 through 13 stations. Leaders highlighted its role in reducing congestion, boosting connectivity across NCR, and driving real estate growth, with industry voices pointing to significant opportunities along the Dwarka Expressway, SPR, and Sohna Corridor.Read more

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Vikram Solar secures 336 MW module supply order for Khavda solar project in Gujarat

09 Sep 2025

Vikram Solar has secured a 336 MW module supply order from L&T Construction for the Khavda solar project, strengthening its role in India's solar energy expansion. The order involves Hypersol G12R modules that offer high bifaciality, improved temperature performance, and low degradation, making solar power more affordable. Earlier in the year, the company also supplied 326 MW of modules to GIPCL for the same region. With a 4.5 GW production capacity and operations in 39 countries, Vikram Solar continues to lead in efficient solar module manufacturing in India.Read more

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Odisha government to issue 50,000 housing work orders under Antyodaya Gruha Yojana

08 Sep 2025

The Odisha government has decided to distribute work orders for 50,000 houses under the Antyodaya Gruha Yojana, marking the latest step in its effort to provide permanent housing to the poorest households in the state. The scheme, launched by Chief Minister Mohan Charan Majhi earlier this year in Kalahandi, focuses on families living in extreme poverty, persons with disabilities, individuals affected by leprosy, and those without proper shelter in rural areas. Panchayati Raj Minister Rabi Narayan Naik stated that the programme was designed to reach groups that often fall outside the coverage of other housing schemes.Read more

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Bengaluru to develop AI-driven township in Bidadi to manage congestion

08 Sep 2025

The Karnataka government has announced Greater Bengaluru Innovation and Tech City (GBIT), an AI-driven township planned in Bidadi, about 30 kilometres from Bengaluru. The township is designed as a self-sustaining urban hub under a work-live-play model, featuring housing, schools, hospitals, entertainment centres, AI-enabled civic services, and an international cricket stadium. With strong road, rail, and metro connectivity, the project also focuses on sustainability with zero-carbon, zero-waste, and zero-traffic goals. Farmers and landowners will be development partners through fair compensation or developed plots. The project revives a proposal first discussed nearly two decades ago.Read more

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Nashik civic body plans ADB loan for Kumbh Mela infrastructure

07 Sep 2025

The Nashik Municipal Corporation has proposed an ADB loan of INR 1,000 crore to strengthen the city's infrastructure ahead of the Simhastha Kumbh Mela. It builds on a broader INR 15,000 crore plan submitted to the state government, of which INR 3,270 crore has already been approved. The loan will be backed by the state and directed toward a complete sewage network, flood control, and stormwater drainage. The civic body also plans to raise INR 400 crore through municipal and green bonds. Earlier rounds of funding, motivations, and infrastructure pressures add deeper context to these preparations.Read more

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New Bairabi-Sairang rail line to enhance connectivity in Mizoram

07 Sep 2025

Mizoram is set to be fully connected to India's railway network with the 51.38-km Bairabi-Sairang broad-gauge line, to be inaugurated by Prime Minister Narendra Modi in September 2025. Built at a cost of INR 5,021 crore, the line will link Sairang, 20 km from Aizawl, with Silchar in Assam, integrating Mizoram with Assam, Tripura, and Arunachal Pradesh. The project includes 48 tunnels, 55 major bridges, and the 114-metre-high Krung Bridge, showcasing complex engineering in tough terrain. The new route will cut travel time for essential goods from 10 hours by road to about three hours, easing costs and improving connectivity for the state.Read more

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Maharashtra clears BEST's INR 3,400 crore plan to modernise Mumbai power network

07 Sep 2025

The Maharashtra cabinet has cleared BEST's plan to seek INR 3,400 crore from the Centre to modernize and strengthen Mumbai's electricity network. The proposal, valued at INR 3,346.29 crore, will be submitted through Power Finance Corporation under the Reforms-Based and Results-Linked Revamped Distribution Sector Scheme. The project aims to cut Aggregate Technical & Commercial (AT&C) losses, bridge the ACS-ARR gap, and deliver 24x7 affordable power. Earlier approvals in 2022 had sanctioned INR 1,649 crore for prepaid smart metering and loss-reduction works, now underway. The new funding is expected to boost operational efficiency, financial sustainability, and reliable electricity access for Mumbai consumers.Read more

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Adani Power raises thermal capacity addition plan to 41 GW by 2032

07 Sep 2025

Adani Power has raised its thermal capacity expansion target to 41 GW by 2032, the largest plan announced by a private player in India's power sector. The revised goal, up from 30 GW earlier, adds 11 GW and supports the government's push to expand thermal capacity by 80 GW by FY32. The new addition, requiring INR 1.8 lakh crore investment, will be largely funded through internal accruals, with INR 1.12 lakh crore expected to be available for capex over six years. Adani has already placed advance BTG equipment orders for 23,720 MW, giving it a competitive edge. Its current portfolio stands at 18,150 MW across six states.Read more

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European prosecutors investigate East Med subsea cable project

06 Sep 2025

European prosecutors have initiated an inquiry into the 1.9 billion euro (USD 2.12 billion) Great Sea Interconnector project connecting Europe and the eastern Mediterranean. Developed by Greek operator IPTO, the project aims to link European and Cypriot transmission networks and later extend to Israel. It has faced repeated delays, raising questions about its cost and viability. Cypriot President Nikos Christodoulides confirmed the investigation into possible criminal offenses but noted no specific targets have been identified. Upon completion, the cable is expected to be both the world's longest and deepest high-voltage subsea link.Read more

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Maharashtra clears INR 6,500-crore plan to develop New Nagpur as a hi-tech hub

06 Sep 2025

The Maharashtra government has cleared the INR 6,500-crore New Nagpur project, aimed at setting up a hi-tech business and finance hub in Hingna taluka. Spread across 692 hectares in Godhni and Ladgaon, it will feature an International Business and Finance Centre and is being implemented by the Nagpur Metropolitan Region Development Authority (NMRDA) with NBCC (India) Ltd as consultant. Of the total outlay, INR 3,000 crore will be used for land acquisition and INR 3,500 crore for Phase I development, funded by a HUDCO loan backed by the state government.Read more

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Maharashtra okays 238 AC local trains and new suburban corridors for Mumbai

06 Sep 2025

The Maharashtra cabinet, led by Chief Minister Shri Devendra Fadnavis, approved an extensive set of infrastructure, welfare and policy measures in its recent meeting. Key clearances included new metro corridors across Mumbai, Pune and Nagpur, suburban rail expansion, and the creation of an international business hub in Nagpur. Major investments were also sanctioned for roads, rail corridors, and the Bombay High Court complex. Additionally, decisions on enhanced financial aid for disabled beneficiaries, revised energy policies and new tribal education schemes were finalised.Read more

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Bombay High Court permits Maharashtra government to carry out repairs on Bhiwandi road

06 Sep 2025

The Bombay High Court has permitted the Maharashtra government to begin urgent repairs on the 26-kilometre Chinchoti-Kaman-Anjur-Mankoli road that connects Thane and Palghar to Bhiwandi's warehousing hub. The road's condition had worsened severely, causing accidents and traffic disruptions, while arbitration with the toll operator remained unresolved. Technical reports showed only a fraction of the required work had been completed. Growing protests from local groups and commuters added to the pressure, leading the court to allow the state to intervene and carry out repairs until a long-term solution is finalised.Read more

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CMRL nears completion of Coimbatore Metro land planning for 40 km network

06 Sep 2025

The Coimbatore metro, a forty-kilometre project estimated at INR 10,740 crore, is in the final stage of preparing its Land Plan Schedule. CMRL has completed primary mapping and submitted it for approval, while secondary planning to identify properties and land requirements is underway. Asset valuation and verification will follow, expected to conclude within two months. An urgent plan for a 1.4 km stretch has revised road width to thirty metres, requiring private and government land. Technical surveys have been validated, and studies on a possible double-decker line on Avinashi Road are ongoing.Read more

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