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

UPMRC to roll out National Common Mobility Card from June 15 amid Lucknow Metro smart card issues

Lucknow News Desk

03 Jun 2026

Lucknow Metro will begin issuing and accepting the National Common Mobility Card (NCMC) from June 15 under UPMRC’s integrated ticketing initiative aimed at enabling seamless travel across transport systems. The rollout comes amid commuter complaints over disruptions in smart card services and shortages of metro cards at several stations. UPMRC said the NCMC-based system will support interoperable payments and reduce dependence on closed-loop metro cards while improving convenience for passengers using public transport networks.Read more

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Chembur Metro station receives safety clearance, paving way for Metro–Monorail interchange

Mumbai News Desk

03 Jun 2026

The Chembur station on Mumbai Metro Line 2B has received safety clearance from the Commissioner of Metro Rail Safety (CMRS), clearing a key hurdle for operationalising the long-awaited Metro–Monorail interchange in eastern Mumbai. The approval is expected to facilitate seamless transfers between Metro Line 2B, the Mumbai Monorail and the suburban rail network, strengthening multimodal connectivity in the Chembur area. The development comes after a series of inspections, safety audits and integration works undertaken by project authorities, with the interchange expected to improve accessibility and support higher ridership across the corridor.Read more

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Marine Lines station foot overbridge work advances with launch of 19 steel girders during major rail block

Mumbai News Desk

03 Jun 2026

• Western Railway has completed the launch of 19 steel girders for a new 12-metre-wide foot overbridge at Marine Lines station as part of station upgrade works.
• The operation was carried out during a scheduled overnight traffic and power block using heavy lifting equipment and a large workforce to minimise disruption to suburban services.
• The new bridge is expected to improve passenger circulation, reduce congestion on platforms and enhance commuter safety at one of Mumbai’s busiest suburban stations.
Read more

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GMDA plans three new flyovers along metro corridor to create signal-free route in Gurugram

Gurugram News Desk

03 Jun 2026

GMDA is planning three new flyovers along the upcoming Gurugram metro corridor between Millennium City Centre and Bakhtawar Chowk to create a signal-free traffic stretch. The proposed structures are aimed at easing congestion at key intersections along Netaji Subhash Marg and improving connectivity towards Dwarka Expressway. The project forms part of a broader mobility strategy to accommodate future traffic growth linked to the under-construction metro network and rapidly developing residential and commercial areas across the city.Read more

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Citizens, experts oppose INR 12,200 crore Thane Ring Metro, cite planning and environmental flaws

03 Jun 2026

Citizens and urban transport experts have opposed the proposed INR 12,200 crore Thane Integrated Ring Metro project, alleging serious planning deficiencies, route inefficiencies and environmental concerns. Activist groups and transport specialists have argued that the 29-km loop line suffers from flawed ridership assumptions, overlaps with existing and planned corridors, and bypasses densely populated areas that require better connectivity. They have also raised concerns over potential tree felling and demanded a halt to ongoing works until an independent review of the Detailed Project Report (DPR) is conducted.Read more

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BigBloc Construction reports 26% rise in FY26 revenue as it expands into construction chemicals and advances Indore project

03 Jun 2026

BigBloc Construction Ltd reported consolidated revenue from operations of INR 283.42 crore for FY26, marking a 26.2% increase from the previous financial year, supported by steady demand and operational improvements across its markets. The AAC block manufacturer recorded EBITDA of INR 22.93 crore, while profitability remained under pressure from geopolitical disruptions and ongoing expansion activities. During the year, the company entered the construction chemicals segment through a new facility at Umargaon, secured further approvals for its proposed Indore manufacturing plant, completed a subsidiary merger, and expanded its rooftop solar capacity to 3,340 KW. The company also reported strong quarterly growth, with revenue rising 34.6% year-on-year in the January–March quarter.Read more

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Delhi Pollution Control Committee to launch AI-powered Dust Portal 2.0 for monitoring construction-related pollution

03 Jun 2026

• The Delhi Pollution Control Committee (DPCC) is preparing to roll out Dust Portal 2.0, an upgraded digital platform that will use artificial intelligence to monitor dust mitigation compliance at construction and demolition sites across the capital.
• The system will integrate AI-based analytics, geotagged inspections and real-time monitoring tools to strengthen enforcement of dust control regulations.
• Construction projects exceeding 500 square metres will continue to be required to register on the portal and submit compliance-related information.
• Authorities aim to improve tracking of pollution violations, automate scrutiny processes and enhance accountability among developers and contractors.
• The initiative forms part of Delhi’s broader strategy to address particulate pollution generated by large-scale construction activity and urban infrastructure development.
Read more

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Bhiwandi gets India’s first all-weather pedestrian subway

03 Jun 2026

• Bhiwandi has received India’s first all-weather pedestrian subway, designed to provide uninterrupted connectivity and safer commuter movement throughout the year.
• The infrastructure is aimed at improving station access, reducing congestion and ensuring seamless pedestrian circulation during heavy rainfall and adverse weather conditions.
• The project forms part of broader efforts to modernise transport infrastructure and enhance commuter facilities across the Mumbai Metropolitan Region.
Read more

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Kings Infra posts 30% revenue growth in FY26 as aquaculture and exports drive earnings expansion

03 Jun 2026

Kochi-based Kings Infra Ventures Limited reported a 30.13% year-on-year increase in revenue for FY2025-26, with turnover rising to INR 162.15 crore from INR 124.63 crore a year earlier. The company also recorded growth across profitability metrics, including EBITDA, profit before tax and profit after tax. The performance came during a transition period following the passing of founder and former Chairman and Managing Director Late Shaji Baby John. Led by Managing Director Baby John Shaji, the company sharpened its focus on aquaculture and export operations, which supported farm-level growth and operational performance. The company has also outlined a five-pillar strategy for FY2026-27 aimed at strengthening efficiency, technology adoption, partnerships and revenue generation across its aquaculture and seafood businesses.Read more

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Bhangel Elevated Road set for noise-control upgrade in Noida

Noida News Desk

03 Jun 2026

• The Noida Authority has floated a tender worth INR 18.8 crore to install sound barriers along the Bhangel Elevated Road.
• The project aims to reduce traffic-related noise for residential neighbourhoods and institutions located along the corridor.
• Authorities expect the intervention to improve the urban environment around one of the city’s busiest elevated road stretches.
Read more

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Trichy pushes for INR 350 crore runway expansion at international airport

03 Jun 2026

• A proposal seeking INR 350 crore from the Airports Authority of India (AAI) has been submitted to extend the runway at Tiruchirappalli International Airport.
• The project aims to enhance aircraft operations and support rising passenger and cargo traffic.
• Stakeholders believe the expansion will strengthen Trichy’s role as a major aviation hub in central Tamil Nadu.
Read more

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Chennai introduces 27-day approval timeline for building permits to reduce delays and digitise clearance process

03 Jun 2026

• The Greater Chennai Corporation (GCC) has introduced a fixed timeline of 27 days for processing and issuing planning permissions and building permits.
• The new framework mandates end-to-end online processing, including document scrutiny, inspections, fee payments and grievance redressal.
• Applications with complete and compliant documentation can receive approvals within 18 days, while building permits linked to CMDA-approved projects must be issued within seven days.
• Officials have been directed to follow a first-in, first-out system and adhere to stage-wise deadlines to improve transparency and accountability.
• The move aims to address long-standing concerns over approval delays and strengthen time-bound service delivery in Chennai’s real estate and construction sectors.
Read more

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Trichy begins construction of new canal bridge to ease Vayalur Road congestion

02 Jun 2026

• The Tiruchirappalli City Corporation has commenced work on a new motorable bridge across the Uyyakondan Canal at an estimated cost of INR 1.1 crore.
• The project is aimed at improving traffic movement and reducing congestion along the busy Vayalur Road corridor.
• Once completed, the bridge is expected to strengthen local connectivity and provide an alternative route for commuters in the surrounding neighbourhoods.
Read more

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Telangana High Court restrains HYDRAA from carrying out demolitions in Kokapet without following legal procedure

02 Jun 2026

• The Telangana High Court has directed the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) not to undertake demolition activities in Kokapet without adhering to due legal process.
• The order came in response to petitions filed by property owners who challenged demolition notices and alleged procedural lapses by the agency.
• Petitioners argued that structures were targeted without adequate opportunity to present ownership records, approvals and supporting documents.
• The court emphasised that any enforcement action involving demolition must comply with statutory requirements, including issuance of notices and granting hearings to affected parties.
• The case forms part of a growing series of legal disputes linked to HYDRAA’s enforcement drives against alleged encroachments and unauthorised developments in the Hyderabad metropolitan region.
Read more

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Lowry Road underbridge works trigger phased traffic restrictions across KR Puram–Whitefield route in Bengaluru

02 Jun 2026

• South Western Railway has initiated scheduled maintenance works at the Lowry Road Underbridge (RUB) near KR Puram in Bengaluru in early June 2026, triggering phased traffic restrictions across key eastern corridors.
• Traffic movement is impacted across KR Puram, Ramamurthy Nagar, ITI Colony, ITPL and Whitefield, which together form a major residential and IT commuting network.
• Authorities have implemented diversions via the KR Puram cable-stayed bridge and adjoining arterial roads, with both full and partial closures planned between June 4 and June 9, including limited night-time restrictions.
Read more

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Belagavi’s INR 223-crore Terminal 2 nears completion, set to boost regional connectivity

02 Jun 2026

• Belagavi Airport’s new Terminal 2 is nearing completion, bringing a major upgrade to aviation infrastructure in northern Karnataka.
• Developed at an estimated cost of INR 223 crore, the terminal blends modern facilities with architectural elements inspired by the region’s heritage.
• The project is expected to enhance passenger handling capacity and strengthen Belagavi’s role as a key regional aviation hub.
Read more

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IREDA reports record annual profit of INR 1,874 crore despite marginal decline in fourth-quarter earnings

02 Jun 2026

• Indian Renewable Energy Development Agency (IREDA) reported a net profit of INR 492.63 crore for the March quarter, down 1.77% from INR 501.55 crore recorded a year earlier.
• The decline in quarterly profit came despite higher income growth, as expenses increased significantly during the reporting period.
• For FY26, the state-owned renewable energy financier posted its highest-ever annual profit of INR 1,874 crore, compared with INR 1,698 crore in FY25.
• Loan sanctions, disbursements and the overall loan book registered year-on-year growth, reflecting continued expansion of renewable energy financing activities.
• The board has recommended a final dividend of INR 0.75 per equity share, taking the total dividend for FY26 to INR 1.35 per share, subject to shareholder approval.
Read more

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BMC demolishes 150 structures in Mulund for GMLR project as residents allege rehabilitation survey lapses

Mumbai News Desk

02 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) demolished around 150 residential and commercial structures in Mulund’s Amar Nagar and Khindipada areas to clear land for the Goregaon-Mulund Link Road (GMLR) project. Civic authorities said the action followed a rehabilitation survey conducted in 2022, under which eligible residents were allotted rehabilitation flats in Kanjurmarg. Several affected residents, however, alleged errors in the eligibility survey and claimed they were excluded from rehabilitation benefits despite residing in the area for years.Read more

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Kalpataru Projects secures INR 2,002 crore orders across transmission, buildings and railway segments in India and overseas markets

02 Jun 2026

Kalpataru Projects International Ltd (KPIL) has secured new orders and notifications of award worth approximately INR 2,002 crore across its core business verticals. The contracts include power transmission and distribution projects in international markets, building and factory projects within India, and a railway sector order. The latest wins strengthen the company’s presence in key overseas regions, particularly the Middle East and Nordic countries, while also expanding its domestic order book. The development reflects continued demand across infrastructure segments where KPIL operates, including power, urban mobility, railways and industrial construction. The company currently executes projects in more than 30 countries and maintains a footprint across 75 countries globally.Read more

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NHAI clears Kurukshetra bypass project, land acquisition set to begin

02 Jun 2026

• The National Highways Authority of India (NHAI) has cleared the Kurukshetra bypass project, paving the way for the start of land acquisition activity.
• The proposed bypass spans around 28 km and is aimed at easing congestion on existing highway routes passing through Kurukshetra.
• The project is part of a broader set of road infrastructure approvals aimed at improving connectivity across Haryana’s highway network.
Read more

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