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

Worker killed after steel frame accident at Sewri–Worli connector site

07 May 2026

A 19-year-old construction worker died after being hit by a steel frame during work at the Sewri–Worli Connector project in Mumbai. The accident happened while heavy iron structures were being lifted using a crane, pointing to possible lapses in handling and supervision. Police have filed a case against the crane operator and site supervisor for negligence. The incident comes amid multiple recent accidents across infrastructure projects in the Mumbai Metropolitan Region, raising continued concerns about worker safety and on-site monitoring standards.Read more

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Solex Energy to invest INR 4,000 crore in Gujarat for solar cell manufacturing and 10 GW battery storage project

07 May 2026

Solex Energy Ltd has announced an investment of approximately INR 4,000 crore to develop an integrated renewable energy manufacturing ecosystem in Gujarat, comprising a 5 GW solar cell facility and a 10 GW battery energy storage system (BESS) project. The Surat-based company has signed a memorandum of understanding with the state government to undertake the development in phases. The solar manufacturing unit will be executed in two stages, beginning with 2 GW capacity, followed by an additional 3 GW. The project is expected to support industrial growth, employment generation, and strengthen Gujarat’s position in clean energy manufacturing, while contributing to India’s renewable energy capacity expansion.Read more

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Meta lines up USD 13 billion financing with Morgan Stanley and JPMorgan for El Paso data centre project

07 May 2026

Meta Platforms is working with Morgan Stanley and JPMorgan Chase to arrange a financing package of approximately USD 13 billion for a planned data centre in El Paso, Texas, according to a source. The majority of the funding is expected to be raised through debt, with the remainder structured as equity. The development follows Meta’s decision in March to increase its investment in the project to USD 10 billion, targeting a capacity of 1 gigawatt ahead of a planned 2028 opening. The move reflects a broader trend of large technology firms accelerating capital deployment into data centre infrastructure to support artificial intelligence workloads, with sector-wide spending projected to exceed USD 630 billion this year.Read more

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Dharavi residents protest eligibility clause on second homes under redevelopment plan

Mumbai News Desk

07 May 2026

Residents of Dharavi staged a protest in the past week against a clause in the ongoing redevelopment plan that disqualifies individuals owning a second home from availing housing benefits. Around 250 people participated in the demonstration, raising concerns over eligibility criteria linked to ownership outside Dharavi. The provision affects residents seeking inclusion in the redevelopment scheme valued at approximately INR 96,000 crore. Stakeholders have argued that the clause could exclude long-time occupants and families with evolving housing needs, prompting demands for a revision of the eligibility framework.Read more

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NHPC commissions fourth unit of 2,000 MW Subansiri Lower hydropower project near Assam–Arunachal border

07 May 2026

NHPC has declared commercial operations of the fourth unit of its 2,000 MW Subansiri Lower Hydroelectric Project, located near North Lakhimpur on the Assam–Arunachal Pradesh border. The INR 27,000 crore project comprises eight units of 250 MW each, with half now operational. Recognised as India’s largest hydropower project, the development is being executed as a run-of-river scheme on the Subansiri river. The phased commissioning is expected to enhance power generation capacity and strengthen regional electricity supply as the remaining units are brought online.Read more

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Plantation planned across 65 acres in Aarey as Mumbai civic body outlines afforestation drive

Mumbai News Desk

07 May 2026

The Brihanmumbai Municipal Corporation (BMC) has outlined a plantation plan covering 65 acres in Aarey, Mumbai, as part of its afforestation and environmental management efforts. The initiative follows a site inspection conducted in the past week by senior civic and forest officials. The proposed plantation will be undertaken after the monsoon and is intended to enhance green cover in the area. Authorities indicated that the exercise also aligns with broader environmental targets, including compensatory afforestation and sustainability measures linked to urban infrastructure projects.Read more

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Bombay High Court directs Railways to pay INR 8 lakh compensation in 17-year-old suburban train death case

Mumbai News Desk

07 May 2026

The Bombay High Court has directed the Railways to pay INR 8 lakh compensation to the family of a teenager who died after falling from a suburban train, overturning an earlier tribunal decision. The ruling, delivered in the past week, came nearly 17 years after the incident near Jogeshwari station in Mumbai. The court held that the Railway Claims Tribunal had erred in not considering crucial evidence, including testimony from a co-passenger. The case pertains to a 2009 accident involving a 16-year-old who fell from a crowded train while travelling within the city’s suburban rail network.Read more

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Coal India commissions 100 MW solar power plant in Gujarat amid push to scale renewable capacity

07 May 2026

Coal India Limited has operationalised a 100 MW solar power plant in Gujarat, marking progress in its renewable energy expansion strategy. The project received commissioning certification from the Gujarat Energy Development Agency, effective at the end of FY26. The development comes as the state-owned miner works towards scaling up its clean energy portfolio, following observations by the Comptroller and Auditor General of India regarding delays in achieving its 3,000 MW solar capacity target. The move reflects ongoing efforts to diversify beyond coal-based operations and strengthen renewable energy capacity.Read more

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Caterpillar raises outlook as AI-led demand drives power and construction growth

07 May 2026

Caterpillar Inc. has increased its annual and long-term revenue forecasts, supported by strong demand from AI-led data centre expansion and infrastructure development. Growth in its power generation and construction segments has driven higher sales, while its order backlog reached a record USD 62.7 billion. The company also reported better-than-expected quarterly results, with revenue and profit surpassing market estimates. At the same time, it lowered the expected financial impact from tariffs after policy changes. The performance highlights Caterpillar’s role as a key indicator of global industrial activity.Read more

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BMC starts integrating Mumbai’s 3D city model with civic systems for better oversight

07 May 2026

The Brihanmumbai Municipal Corporation has begun integrating its 3D digital model of Mumbai with key civic departments, including building approvals, property tax and estates. The move is aimed at improving transparency, strengthening revenue collection and reducing discrepancies in property data. The digital twin offers a detailed, layered view of the city, allowing officials to verify developments, detect unauthorised structures and cross-check approvals. The initiative builds on recent digital reforms, including AI-based systems, to streamline processes and improve efficiency in urban governance.Read more

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Canada’s GDP records steady growth, manufacturing drives February expansion

07 May 2026

Canada’s economy recorded a 0.2% monthly growth in February, marking the fourth consecutive increase and aligning with market expectations. The growth was largely driven by strong performance in manufacturing, wholesale trade, and the mining and oil and gas sectors. Despite global uncertainties, including U.S. tariffs and geopolitical tensions, the economy has remained stable. However, sectors such as agriculture, construction, and public administration saw a decline. Early estimates suggest flat growth in March, with first-quarter GDP projected to expand at an annualised rate of 1.7%, slightly above central bank estimates.Read more

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Bengaluru opens full Central Silk Board double-decker flyover system, completing 3.2 km multi-level corridor under metro Phase 2A

07 May 2026

The Karnataka government has operationalised all five flyovers at the Central Silk Board junction in Bengaluru, completing a 3.2 km double-decker road-cum-metro corridor aimed at easing congestion at one of the city’s busiest intersections. The final two flyovers were opened in the past week, enabling uninterrupted movement across key routes including HSR Layout, BTM Layout and Electronic City. Developed as part of the metro Phase 2A project along the Outer Ring Road, the infrastructure integrates elevated roadways with metro rail. Executed by Afcons Infrastructure, the project involved complex, phased construction under traffic constraints and is expected to reduce travel time significantly for daily commuters.Read more

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Martin Marietta reports higher profit on strong pricing and infrastructure demand

07 May 2026

Martin Marietta Materials reported improved financial performance in the first quarter, supported by strong pricing and continued demand from infrastructure and non-residential construction. The company benefited from increased activity linked to data centres and early construction momentum in key regions. Profit per share came in slightly above market expectations, while revenue saw a notable year-on-year rise. The company has also issued a steady revenue outlook for the full year, with projections slightly exceeding analyst estimates, indicating continued confidence in infrastructure-led demand.Read more

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Mumbai–Pune Expressway missing link opens with 650 m cable-stayed bridge, bypassing Khandala Ghat section

07 May 2026

The Mumbai–Pune Expressway Missing Link Project has been completed and opened to traffic, introducing a new alignment that bypasses the Khandala Ghat stretch. Inaugurated in the past week, the project includes a 650-metre cable-stayed bridge with 182-metre pylons, making it the tallest road bridge structure in India. Executed in part by Afcons Infrastructure, the package also comprises twin viaducts, expressway widening, and over 10 km of approach roads. The upgraded corridor expands capacity from six to eight lanes across a key section and is expected to improve travel time and safety along one of the country’s busiest intercity routes.Read more

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Dharavi redevelopment links upper-floor eligibility to ground-floor status, sets document hierarchy for rehabilitation benefits

07 May 2026

Eligibility for upper-floor residents under the Dharavi Redevelopment Project (DRP) has been made conditional on documentation strength and, in certain cases, the eligibility of ground-floor occupants. As per a government resolution issued earlier, residents who can establish occupancy before a November 2022 cut-off may qualify for 300 sq ft rehabilitation units outside Dharavi within the Mumbai Metropolitan Region. The policy introduces a hierarchy of documents, with affidavits placed at the lowest level and accepted only if supported by an eligible ground-floor household. The framework also restricts benefits to one dwelling per family and excludes applicants owning property under other housing schemes, marking a departure from earlier slum rehabilitation norms.Read more

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ITP Aero begins construction of INR 453 crore manufacturing facility at Hyderabad’s Hardware Park

07 May 2026

ITP Aero has commenced construction of its India manufacturing facility with an investment of INR 453 crore at Shamshabad, Hyderabad. The project, spread across 10 acres in Hardware Park Phase III, will produce critical aeroengine components and is expected to become operational by 2027. The facility is projected to generate around 350 skilled jobs initially, with workforce expansion to approximately 600 over time. The development reflects growing investments in aerospace manufacturing and precision engineering infrastructure in Telangana.Read more

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India opens 600 km expressway in Uttar Pradesh with USD 4 billion investment

07 May 2026

India has opened a major 600 km expressway in Uttar Pradesh, developed with an investment of around USD 3.82 billion (INR 362.30 billion). The project connects 12 districts and is expected to improve travel time between Meerut and Prayagraj significantly. Built by Adani Enterprises and IRB Infrastructure Developers, the six-lane greenfield corridor is being positioned as a key route for future industrial activity. The development comes as the government continues to increase infrastructure spending, with a strong focus on connectivity, economic growth, and regional development after the pandemic period.Read more

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Gadkari reviews key highway projects in Maharashtra

07 May 2026

Nitin Gadkari reviewed a series of proposed national highway developments in Maharashtra during a meeting held in New Delhi. The review covered high-speed and high-density corridors, along with multiple expansion projects across key stretches. Discussions also included nine Build-Operate-Transfer (BOT) projects spanning 527 km. The focus remained on accelerating execution and improving connectivity across regions such as Nagpur, Gadchiroli, and Chhatrapati Sambhajinagar, with the aim of supporting regional economic activity and strengthening transport infrastructure.Read more

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Haryana ACB probes 2,600 illegal colonies across state amid scrutiny of officials and developers

06 May 2026

The Haryana State Vigilance and Anti-Corruption Bureau (ACB) has initiated an extensive investigation into around 2,600 illegal colonies developed across the state in violation of planning regulations. The probe, directed by the Punjab and Haryana High Court, covers unauthorised residential, commercial, and industrial developments constructed without approvals from town planning and civic authorities. Officials from multiple departments, including Town and Country Planning and Urban Local Bodies, are under scrutiny for alleged collusion. The investigation, supported by land records and technical inputs, is in advanced stages, with administrative and penal action likely against those found responsible. The development highlights persistent challenges around unauthorised urban expansion and regulatory enforcement in Haryana’s real estate landscape.Read more

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Chhattisgarh launches INR 119 crore lift irrigation project in Jashpur to cover 4,933 hectares across 13 villages

06 May 2026

The Chhattisgarh government has commenced construction of a pressurised lift irrigation project in Jashpur district with an estimated cost of INR 119 crore. The scheme, inaugurated in the past week, will irrigate over 4,933 hectares of land across 13 villages, benefiting predominantly rain-dependent farmers. Implemented under the Centre’s SAMRIDHI-M-CAD programme, the project involves a modern underground pipeline network replacing traditional canals. With partial central funding of INR 95.89 crore, the system will incorporate solar power, SCADA and IoT-based monitoring. Expected to be completed within six months, the project aims to improve water-use efficiency, support year-round irrigation, and strengthen agricultural productivity in the region.Read more

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