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

Bridge work between Byculla and Sion slows traffic across Mumbai’s island city

Mumbai News Desk

01 May 2026

Ongoing repair and reconstruction of five key bridges between Byculla and Sion has disrupted traffic across Mumbai’s island city. The closure of major flyovers and partial restrictions on others have diverted vehicles onto internal roads, increasing congestion and travel time. Areas such as Dadar, Parel and Byculla are seeing consistent slow movement, especially during peak hours. The works are part of efforts to replace ageing structures and improve safety. While authorities have planned phased reopenings, the current situation is expected to continue until critical sections are completed.Read more

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Power Mech Projects secures INR 227.95 crore railway depot contract

01 May 2026

Power Mech Projects has secured a contract from Indian Railways worth INR 227.95 crore, including GST, for setting up a maintenance depot for Vande Bharat Sleeper Trains in Karnataka. The project will be developed between Channasandra and Yelahanka stations under the engineering, procurement and construction (EPC) model. Awarded by South Western Railway, Bangalore, the work involves developing key infrastructure to support upcoming sleeper train operations. The execution timeline for the project has been set at 30 months, marking a structured development phase for the rail maintenance facility.Read more

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Peak power demand eases after record high amid weekend slowdown

01 May 2026

India’s peak electricity demand saw a slight easing over the weekend after touching a new record high a day earlier. The demand fell to 238.15 gigawatts as commercial and industrial activity slowed due to widespread closures. Supply levels remained close to demand, though a small shortfall was recorded. Data from the power authorities indicated that demand has been steadily rising compared to last year and is expected to increase further with rising temperatures. The India Meteorological Department has indicated a harsh summer, with higher use of cooling systems likely to push consumption higher in the coming weeks.Read more

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Google begins work on USD 15 billion data centre hub in Visakhapatnam

Visakhapatnam News Desk

01 May 2026

Google has started construction of its USD 15 billion AI data centre hub in Visakhapatnam, marking one of the largest foreign investments in India’s digital infrastructure. The project will be developed across multiple campuses with an initial capacity of around 1 gigawatt, scalable further. Built in partnership with AdaniConneX and Airtel’s Nxtra, the hub aims to strengthen India’s cloud and AI ecosystem. It is also expected to support local infrastructure, generate employment, and position Andhra Pradesh as a key destination for large-scale data centre developments.Read more

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Goa to prepare GIS-based masterplans for Margao and Mormugao under AMRUT 2.0

01 May 2026

The Goa government has initiated the conversion of existing outline development plans for Margao and Mormugao into GIS-based masterplans under the AMRUT 2.0 programme. The plans will cover approximately 82 sq km in Margao and 42.4 sq km in Mormugao, integrating land use, infrastructure, housing, transport and environmental data into a digital planning framework. The initiative, fully funded by the Union Ministry of Housing and Urban Affairs, aims to enable data-driven urban planning and improve governance in emerging urban centres. The process will involve detailed surveys and is expected to take over a year, marking a shift towards comprehensive and statutory planning for these cities.Read more

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Lucknow’s Anantnagar scheme to allot 498 residential plots through lottery

01 May 2026

Lucknow Development Authority has announced the allotment of 498 residential plots under its Anantnagar housing scheme in Lucknow, to be distributed through a lottery system. The scheme forms part of a larger township development along Mohan Road, designed to accommodate future residential demand with planned infrastructure and amenities. The plots will be offered across multiple size categories, continuing the authority’s phased rollout of the project. The initiative follows earlier phases that witnessed strong applicant interest and is aimed at expanding access to plotted housing in the city’s developing corridors.Read more

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Western Railway’s Ratlam Division generates 35.53 lakh solar units in FY26, cuts power costs by INR 1.84 crore

30 Apr 2026

Western Railway’s Ratlam Division reported solar energy generation of 35.53 lakh units during FY26, resulting in estimated savings of INR 1.84 crore in electricity costs. The division has installed solar power systems with a cumulative capacity of around 3,300 kilowatts across stations, depots, and administrative buildings. The initiative forms part of broader efforts to reduce dependence on conventional energy sources and improve operational efficiency. Officials indicated that the expansion of rooftop solar installations will continue, contributing to cost optimisation as well as environmental objectives, including reduction in carbon emissions across railway infrastructure.Read more

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Nitin Gadkari reviews National Highway projects in Karnataka and Kerala, directs focus on quality and monsoon preparedness

30 Apr 2026

Nitin Gadkari reviewed the progress and maintenance of National Highway projects in Karnataka and Kerala during a meeting held recently in New Delhi. The review covered 7,926 km of highways in Karnataka and 1,513 km across 61 projects in Kerala. The minister emphasised timely execution, adherence to quality standards, and the use of advanced construction technologies. Directions were also issued to ensure preparedness ahead of the monsoon season, including drainage planning and safety measures. The review follows feedback received through media and public platforms, highlighting ongoing monitoring of highway infrastructure across key southern states.Read more

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Ganga Expressway corridor to attract INR 46,660 crore investment as Uttar Pradesh plans manufacturing hubs across 12 districts

30 Apr 2026

The Uttar Pradesh government is planning to develop the Ganga Expressway as an integrated manufacturing and logistics corridor, with investment proposals worth around INR 46,660 crore across 12 districts. The initiative involves setting up industrial nodes along the 594-km expressway connecting Meerut to Prayagraj. Spread across more than 6,500 acres, the planned clusters aim to boost manufacturing, warehousing, and logistics activity while reducing regional disparities. The project is expected to generate employment, improve freight movement, and support industrial expansion, positioning the expressway as a key economic growth spine in the state.Read more

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Karnataka plans 10-year redevelopment of HAL campus into aerospace hub

30 Apr 2026

The Karnataka government has proposed a 10-year plan to redevelop the Hindustan Aeronautics Limited campus in Bengaluru into a large aerospace hub. Spread across about 700 acres, the project aims to integrate defence, civil aviation and space sectors into one ecosystem. The plan includes new infrastructure, a dedicated governance authority and a focus on emerging technologies such as air taxis and autonomous systems. It is currently awaiting central approval as the land falls under defence control. If cleared, the project is expected to generate significant economic activity and create large-scale skilled employment.Read more

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