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

Sindhudurg to get India’s first underwater museum and submarine tourism project

22 May 2026

Sindhudurg district in Maharashtra is set to become a new marine tourism hub with the development of India’s first underwater museum and submarine tourism project near Nivati Rocks along the Konkan coast. The project includes the submerged decommissioned naval warship Ex-INS Guldar, which will function as an underwater museum and artificial reef. Backed by central and state government funding, the initiative aims to boost adventure tourism, scuba diving and marine activities in the region. Officials expect the project to generate employment opportunities for local communities while promoting sustainable tourism and marine biodiversity conservation.Read more

cover photo

Nitin Gadkari reviews maintenance progress of 4,178 km national highway network in Assam amid quality concerns

22 May 2026

Nitin Gadkari reviewed the progress and quality of maintenance work across 4,178 km of National Highway projects in Assam during a high-level meeting held on Wednesday. The review was initiated following feedback and concerns raised through media and social media platforms regarding highway conditions and project execution. During the meeting, the Union minister directed officials to accelerate implementation work, strengthen monitoring systems and adopt modern construction practices to improve road durability and ride quality. He also instructed authorities to undertake advance monsoon preparedness measures, including drainage strengthening, slope protection and rapid response systems, to minimise disruptions and improve commuter safety across critical highway corridors in the state.Read more

cover photo

Cochin Shipyard invests in maritime deeptech startup under USHUS programme

22 May 2026

Cochin Shipyard Limited has signed an agreement to acquire a 5 per cent stake in Dehradun-based startup Maritech Integrated Maritime under its startup initiative, USHUS. The investment is part of CSL’s INR 50 crore innovation fund aimed at supporting technology-led startups in the maritime sector. Maritech has developed the Integrated Maritime Exchange (IME), a platform designed to connect maritime stakeholders and simplify logistics and port-related services. The initiative supports the government’s broader focus on digitalisation, indigenisation and innovation in India’s maritime and logistics ecosystem.Read more

cover photo

Centre considers 50:50 funding model for Hyderabad Metro Phase II as Telangana submits 162-km expansion proposal

22 May 2026

The Centre has indicated in-principle support for participating in Hyderabad Metro Phase II through a 50:50 cost-sharing arrangement with the Telangana government, according to statements made following a review meeting in New Delhi. The proposed second phase involves a 162-km metro expansion across multiple corridors in Hyderabad and is awaiting final approval from the Union government after submission of the Detailed Project Report and technical documents by the state. The development comes amid the Telangana government’s ongoing transition towards a government-led metro model following the proposed takeover of the existing metro operations from Larsen & Toubro. Alongside metro expansion discussions, the Centre also confirmed sanctions for 39 sewage treatment plants under the AMRUT 2.0 scheme aimed at improving the Musi River ecosystem and urban infrastructure in Hyderabad.Read more

cover photo

MMRCL invites bids for underground utility survey on Metro Line 11 extension corridor

22 May 2026

Mumbai Metro Rail Corporation Limited (MMRCL) has invited quotations for appointment of an agency to undertake an underground utility survey for the revised alignment of the Mumbai Metro Line 11 extension between Bandra Terminus and Anik Depot. The scope includes Ground Penetration Radar-based mapping of underground pipelines, sewer networks, power cables, telecom ducts and other utility infrastructure along the proposed corridor. The selected consultant will prepare utility maps, AutoCAD drawings, survey reports and stakeholder reference data within a one-month timeline. The survey forms part of planning and pre-construction activities for the proposed Metro Line 11 extension corridor aimed at strengthening Mumbai’s metro connectivity network.Read more

cover photo

Delhi-NCR to get highway projects worth INR 34,000 crore: Gadkari

Delhi News Desk

22 May 2026

The government has announced a large-scale highway development plan worth over INR 34,000 crore for the Delhi-NCR region. The projects aim to improve road connectivity, reduce traffic congestion, and upgrade the transport infrastructure across key urban and suburban routes. The proposed works include expressways, ring roads, tunnels, and elevated corridors. According to Union Road Transport and Highways Minister Nitin Gadkari, the initiative is part of a broader push to modernise India’s highway network. The developments are expected to improve travel efficiency and strengthen regional connectivity across the national capital region.Read more

cover photo

Gurugram demolition drive clears 850 illegal shanties in Saraswati Kunj Sector 53

Gurugram News Desk

21 May 2026

Authorities in Gurugram carried out a major demolition drive in Saraswati Kunj, Sector 53, along the Golf Course Road corridor, where around 850 illegal shanties were removed. The action was led by the Department of Town and Country Planning (DTCP) with police support as part of an ongoing enforcement campaign against unauthorised occupation on government-notified land. Officials confirmed that the structures violated land-use regulations and had been built without approvals. The operation was completed peacefully and forms part of continued efforts to reclaim and secure public land in the region.Read more

cover photo

Indian Railways approves INR 993 crore Chennai suburban rail line doubling project

Chennai News Desk

21 May 2026

Indian Railways has approved a key infrastructure project worth INR 993 crore for doubling the Arakkonam–Chengalpattu section, a major corridor in the Chennai suburban rail network. The 68-km stretch is part of one of the busiest commuter routes in Tamil Nadu, connecting important suburban and industrial zones. The project aims to improve capacity, reduce congestion, and enhance punctuality of suburban train services. It is also expected to support freight movement across the region, strengthening overall rail connectivity and operational efficiency in the Chennai rail division.Read more

cover photo

India’s core infrastructure sectors grow 1.7% in April on higher steel and cement output

21 May 2026

• India’s eight core infrastructure industries recorded 1.7 per cent growth in April, according to government data released on May 20.
• The expansion was supported by increased production in steel, cement and electricity sectors, indicating continued activity in construction and industrial demand.
• Core sector growth had stood at 1 per cent in April last year and 1.2 per cent in March 2026.
• Output from coal, crude oil, natural gas, refinery products and fertiliser segments contracted during the month under review.
• The core industries comprise sectors critical to infrastructure and construction activity and collectively influence industrial production and economic growth trends.
Read more

cover photo

Mumbai’s INR 1.68 lakh crore infrastructure roadmap gains momentum amid Centre’s infrastructure push

Mumbai News Desk

21 May 2026

Mumbai’s long-term infrastructure pipeline estimated at around INR 1.68 lakh crore is gaining relevance amid the Centre’s continued focus on urban infrastructure investment, industrial corridors and multimodal connectivity projects. Recent policy discussions and central government statements have highlighted the importance of large-scale urban infrastructure spending in supporting economic growth and regional development. Mumbai’s ongoing civic and transport projects, including coastal roads, metro corridors, redevelopment works and mobility infrastructure, reflect broader national priorities centred on integrated urban expansion and capital expenditure-led growth.Read more

cover photo