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

Karnataka reopens Mangaluru IT park tender after no bids in first round

16 May 2026

The Karnataka government has reopened the tender process for the proposed Mangaluru IT Park after the initial round received no bidders. The project, planned on a 3.2-acre KEONICS land parcel in Derebail, Mangaluru, is being developed under a public-private partnership model with a long-term lease structure. The initiative is part of the state’s broader effort to expand IT development beyond Bengaluru under its “Beyond Bengaluru” programme. Despite structured lease terms and planned infrastructure support, the lack of participation has led authorities to invite fresh bids from developers.Read more

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HG Infra Engineering bags INR 3,931 crore highway contract in Maharashtra

15 May 2026

• HG Infra Engineering has secured a highway construction contract worth INR 3,931.11 crore from Welspun Enterprises for a major road project in Maharashtra.
• The project involves six-laning of the Pune–Shirur section of NH-753F, including partially elevated stretches and upgrades to the existing corridor.
• The total project length is around 53.40 km and the company has been given 36 months to complete the construction work.
• The order is expected to strengthen HG Infra Engineering’s order book and improve long-term revenue visibility amid rising highway development activity across India.
• The project is also expected to improve traffic movement and connectivity in one of Maharashtra’s key industrial and logistics corridors.
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MMRDA removes over 1.14 lakh metres of metro barricades ahead of monsoon to ease traffic in Mumbai

15 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has undertaken a large-scale barricade removal and monsoon preparedness exercise across multiple metro corridors in the Mumbai Metropolitan Region ahead of the 2026 monsoon season. More than 1.14 lakh metres of barricades have already been removed from completed viaduct stretches to restore road space and improve traffic movement. The exercise covers Metro Lines 2B, 4, 4A, 5, 6, 9, 12 and parts of 7A. Along with easing congestion and improving road accessibility, MMRDA has also directed contractors and project teams to strengthen emergency preparedness systems, including deployment of dewatering pumps and dedicated response teams across project sites.Read more

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Nashik-Pune highway widening project moves ahead as Kumbh preparations gather pace

15 May 2026

Authorities have accelerated plans to widen a key stretch of the Nashik-Pune highway as part of infrastructure preparations for the upcoming Simhastha Kumbh Mela. The INR 221 crore project will expand the busy 6.4-km corridor from six lanes to ten lanes and add service roads and footpaths to improve traffic flow and pedestrian movement. The stretch is considered one of Nashik’s most congested routes and is expected to witness a sharp rise in vehicle movement during the religious gathering. The project is also linked to broader road, mobility and urban infrastructure upgrades currently underway across Nashik.Read more

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NHAI delays opening of near-complete Bhande Plot-Dighori flyover despite mounting congestion on Nagpur’s Umred Road corridor

15 May 2026

The National Highways Authority of India (NHAI) has delayed the opening of the Bhande Plot-Dighori flyover in Nagpur despite the structure nearing completion and earlier assurances that the corridor would become operational by the end of April 2026. The 2.2-km flyover forms part of the INR 998 crore Indora-Dighori elevated corridor project aimed at easing congestion across eastern Nagpur. NHAI has cited pending safety audits as the reason for withholding traffic movement on the corridor, although load testing on key spans has already been completed. Residents and commuters have raised concerns over worsening traffic congestion on Umred Road and questioned why partially completed stretches cannot be opened to reduce pressure on surface roads. The broader project, considered one of Nagpur’s largest urban infrastructure developments, remains scheduled for completion by June 2026.Read more

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Delhi launches second barrier-less toll plaza on UER-II to ease highway movement

15 May 2026

• Delhi has operationalised its second Multi-Lane Free Flow (MLFF) barrier-less toll plaza at Mundka-Bakkarwala on the Urban Extension Road-II corridor.
• Union Road Transport and Highways Minister Nitin Gadkari inaugurated the project earlier this week as part of the Centre’s wider push for automated toll collection.
• The system uses Automatic Number Plate Recognition cameras and FASTag technology to allow vehicles to pass without stopping at toll booths.
• NHAI plans to expand the MLFF system to 17 toll plazas across nine states during the current financial year, with over 108 additional plazas planned by March 2027.
• The government expects the technology to reduce congestion, lower fuel consumption, improve highway efficiency and cut toll collection costs significantly.
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Maharashtra to digitise 30 crore historical land records dating back to 1865 to improve property transparency and title verification

15 May 2026

The Maharashtra Registration and Stamps Department has revived a large-scale digitisation exercise aimed at converting nearly 30 crore pages of historical land and registration records into searchable digital archives. The initiative will cover records dating from 1865 to 2001, including physical registers, microfilms and CDs stored across sub-registrar offices and the Government Photographic Registration Office in Pune. Officials stated that the project will integrate historical records with the state’s e-search system using AI-enabled document management infrastructure, scientific restoration techniques and secure cloud storage. The digitisation programme is expected to simplify title verification, improve transparency in property transactions and reduce dependence on physical document retrieval. The move forms part of Maharashtra’s broader push towards digital land governance and paperless property administration.Read more

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Google explores AI infrastructure and electronics manufacturing investments in India

15 May 2026

• Google is evaluating investment opportunities in India across artificial intelligence infrastructure, server manufacturing and drone production, according to Ashwini Vaishnaw.
• The development follows groundwork for a proposed USD 15 billion AI hub in Visakhapatnam planned over the 2026–2030 period.
• The project includes a 1 GW hyperscale AI data centre being developed in partnership with Adani ConneX and Airtel Nxtra.
• Google has also expanded electronics manufacturing operations in India through partnerships with Foxconn, Dixon Technologies, HP and Flex for smartphone and Chromebook production.
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NTPC advances plans for first standalone nuclear power project

14 May 2026

• NTPC is preparing to submit its first feasibility study for a standalone nuclear power project to the Department of Atomic Energy.
• The company is targeting at least 2 GW of nuclear power capacity by 2032 through independently developed projects.
• NTPC is conducting feasibility studies in multiple states and has received approval for a proposed study in Bihar’s Banka district.
• The company plans to develop around 30 GW of nuclear capacity across 14 states in line with India’s 100 GW nuclear power target by 2047.
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Andhra Pradesh plans Singapore-inspired township in Amaravati amid push for MICE and trade infrastructure

14 May 2026

• Nara Lokesh said Andhra Pradesh plans to develop an integrated township in Amaravati inspired by Singapore’s Punggol district as part of the proposed Amaravati Economic Region.
• During meetings in Singapore, the state government sought support for township development, digital governance initiatives and trade connectivity projects under an existing bilateral MoU.
• The government is also planning to position Andhra Pradesh as a global MICE destination through convention infrastructure projects in Visakhapatnam, Amaravati and Tirupati.
• Andhra Pradesh has invited proposals for development of the Amaravati Economic Region and is seeking World Bank support for implementation of the township project.
• The discussions additionally covered blockchain-enabled trade corridors, port-led industrialisation and export connectivity for sectors including agriculture, seafood, pharmaceuticals and minerals.
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