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

Tata Power arm to invest up to INR 6,500 crore in 10 GW solar ingot and wafer manufacturing facility

06 May 2026

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has approved an investment of up to INR 6,500 crore to establish a photovoltaic (PV) ingot and wafer manufacturing facility with a planned capacity of up to 10 GW. The project, to be developed in two phases of 5 GW each, marks the company’s entry into upstream solar manufacturing. The initiative is aimed at strengthening backward integration, reducing reliance on imports, and supporting domestic solar supply chains. The move comes amid policy emphasis on localisation of solar manufacturing, including upcoming regulatory requirements under approved list mechanisms. The company expects the project to enhance supply security for its downstream operations while improving operational efficiencies and supporting long-term growth in renewable energy capacity.Read more

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Karnataka clears INR 18,000 crore suburban township near Bengaluru to ease urban pressure

06 May 2026

The Karnataka government has approved an integrated suburban township project worth around INR 18,000 crore near Bengaluru, covering nearly 7,481 acres in Bidadi and Ramanagara. Planned as a mixed-use development, the project will include residential, commercial, and industrial spaces. Around 6,650 acres will be acquired from private landowners with compensation options in cash or developed land. The project will be funded through institutional borrowings, state support, and land monetisation. It is expected to decongest Bengaluru and support planned expansion by creating a new economic and residential hub.Read more

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Enviro Infra to acquire Suyog Urja in INR 311 crore phased deal

05 May 2026

Enviro Infra Engineers has agreed to acquire renewable energy firm Suyog Urja for INR 311 crore through its subsidiary, marking its entry into the wind EPC segment. The deal will be executed in phases, beginning with a 51 percent stake and followed by full ownership over the next 27 months. Suyog Urja brings a strong execution track record and growing revenues, which is expected to support Enviro Infra’s expansion into renewable energy. The acquisition aligns with the company’s strategy to diversify beyond its core infrastructure business and strengthen its order pipeline.Read more

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Maharashtra govt seeks expansion proposal for Nanded Airport to improve connectivity and passenger facilities

05 May 2026

The Maharashtra government has initiated steps towards expanding Nanded Airport, with officials directed to conduct surveys and submit a detailed proposal for infrastructure enhancement. The directive was issued during a review meeting led by the district guardian minister, focusing on improving passenger amenities and operational capacity. The proposal will be submitted to the Maharashtra Airport Development Company for further action. Currently, the airport operates flights to seven destinations, highlighting its regional connectivity role. Local representatives have also raised concerns regarding passenger facilities, security and last-mile connectivity. The move reflects efforts to strengthen regional aviation infrastructure and support growing travel demand in central Maharashtra.Read more

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Ceigall India–led joint venture secures INR 918 crore contract for Jaipur Metro Phase II underground works

05 May 2026

A joint venture led by Ceigall India has secured a contract worth approximately INR 918 crore for a key underground package of Jaipur Metro Phase II. Awarded in the past week, the project involves construction of tunnels and underground stations along the proposed corridor, forming part of the city’s metro expansion plan. The development is aimed at improving urban mobility and decongesting road networks in Jaipur. The contract win reflects continued investment in mass transit infrastructure, with execution expected to follow defined timelines under the metro authority’s expansion programme.Read more

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MMRDA accelerates Metro Line 6 work with key railway span completed ahead of schedule

05 May 2026

Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 6 with the successful installation of a steel composite girder span over the operational Western Railway corridor at Jogeshwari. The corridor has now reached over 88% physical completion, indicating steady progress. The complex railway crossing was executed in nearly half the permitted traffic block time, reducing disruption to train services. The project uses high-capacity cranes and closely coordinated engineering work. Once completed, the corridor will improve east–west connectivity between Swami Samarth Nagar and Vikhroli, easing daily travel across Mumbai.Read more

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MMRDA Nears Completion of Entire Santacruz–Chembur Link Road Corridor with Final BKC–Vakola Arm

05 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has moved closer to completing the Santacruz–Chembur Link Road (SCLR) Phase-2 with the final structural work on the BKC–Vakola connector. The last missing segment was completed after launching twin 54-metre composite girders over Vakola Nallah, marking the closure of a key gap in the 10.88 km east–west corridor. This arm connects major hubs including Bandra Kurla Complex, Santacruz, Kalina, Kurla and Chembur, enabling smoother traffic flow across Mumbai. The project is expected to improve connectivity between the Eastern and Western Express Highways.Read more

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Ghaziabad approves INR 100 crore for high-reach fire safety cranes after Indirapuram high-rise blaze exposes gaps

Ghaziabad News Desk

05 May 2026

The Ghaziabad Development Authority (GDA) has approved an investment of around INR 100 crore to procure high-reach fire safety cranes following a major residential fire in Indirapuram. The decision, taken in the past week, aims to strengthen emergency response capabilities in high-rise buildings, where existing equipment has limited reach. The planned cranes, capable of accessing significantly higher floors, are expected to address gaps highlighted by the recent blaze. The move forms part of a broader push to upgrade urban safety infrastructure in rapidly verticalising residential clusters across the National Capital Region.Read more

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Tata Power and Keppel join hands for large-scale cooling project at Chennai IT park

05 May 2026

Tata Power and Keppel have entered into a collaboration with Tata Realty & Infrastructure to implement a large-scale cooling-as-a-service (CaaS) solution at Intellion Park in Chennai. The project, developed through Tata Power Trading Company and Keppel’s infrastructure division with Infopark Properties, covers a 25.27-acre IT campus in Taramani. It will have a total installed cooling capacity of 12,100 TR and is expected to become operational in October 2026 under a 15-year contract. The system is designed to improve energy efficiency and reduce overall consumption by around 20 per cent.Read more

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Noida International Airport to begin commercial flight operations from mid-June, marking launch of NCR’s second aviation hub

Noida News Desk

05 May 2026

Noida International Airport is set to commence commercial flight operations from mid-June, establishing a new aviation gateway for the National Capital Region and western Uttar Pradesh. Announced in the past week, the launch will see initial services led by IndiGo, with other airlines expected to follow. The greenfield airport, developed as a large-scale infrastructure project, is designed to handle passenger and cargo traffic while easing congestion at Delhi’s existing airport. The operationalisation is expected to improve regional connectivity, support logistics growth, and drive real estate and economic activity across the Yamuna Expressway corridor.Read more

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