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

Mumbai coastal road traffic rises sharply with daily count crossing 63,000

Mumbai News Desk

17 Apr 2026

Traffic on the Mumbai Coastal Road has grown nearly seven times in under two years, with average daily usage now crossing 63,000 vehicles. The corridor has handled over 3.16 crore vehicles since opening and has become a key route for South Mumbai commuters due to major travel time savings. Growth picked up after full access and 24-hour operations were introduced. While the road has reduced congestion in some areas, experts point out that benefits are still largely limited to private vehicles, indicating the need for better public transport integration.Read more

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ReNew Energy commissions record renewable capacity, strengthens India presence

17 Apr 2026

ReNew Energy Global Plc has added a record 2.4 GW of renewable energy capacity in FY2026, taking its total operating portfolio to 12.6 GW, making it the second-largest player in the country. This addition includes solar, wind, and battery energy storage systems. After adjusting for 600 MW of asset sales during the year, the company reported strong expansion across its clean energy business. It also has additional capacity under construction expected to be commissioned soon, while its manufacturing and C&I segments continue to expand steadily across solar modules and cells.Read more

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Dharavi redevelopment progresses with 11,000 homes planned on railway land

Mumbai News Desk

17 Apr 2026

The Dharavi Redevelopment Project is moving forward with plans to build around 11,000 rehabilitation homes on a 35-acre railway land parcel in Matunga. The project targets residents from Sector 6, where clusters are being cleared to enable construction of 350 sq ft units. Authorities have asked residents to shift to transit housing or rental accommodation, offering INR 5,000 as shifting support and rental aid with annual increases. While this marks progress, concerns remain around eligibility, communication, and clarity on permanent housing allocation among affected residents.Read more

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Australia–India partnership to strengthen rooftop solar workforce training

17 Apr 2026

Deakin University and the Smart Energy Council have joined forces to support India's growing rooftop solar sector by developing a skilled and industry-ready workforce. Backed by the Australian Government's education and climate-related departments, the initiative focuses on building occupational standards, curriculum design, and training systems aligned with global benchmarks. It also includes train-the-trainer models, pilot programmes, and evaluation frameworks for long-term impact. The collaboration aims to combine Australian expertise with India's large-scale renewable energy needs, supporting the country's transition towards clean energy through improved skilling and structured industry alignment.Read more

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Mumbai moves ahead with cluster redevelopment plan covering 19 slum pockets

Mumbai News Desk

17 Apr 2026

Mumbai has initiated a large slum cluster redevelopment plan covering 19 locations across the city, focusing on integrated development instead of fragmented projects. The scheme targets areas above 50 acres with over 51 per cent slum coverage and is expected to benefit nearly seven lakh residents. The Slum Rehabilitation Authority (SRA) will act as the nodal agency, with multiple execution routes involving government bodies and private developers. The policy also allows inclusion of complex land parcels, including CRZ areas, to unlock land and improve housing, infrastructure and basic services.Read more

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CleanMax and Sangam India join hands for hybrid renewable energy push in Rajasthan

17 Apr 2026

Clean Max Enviro Energy Solutions has entered into a partnership with Sangam India to support the decarbonisation of its manufacturing operations across Rajasthan. The collaboration involves a hybrid renewable energy supply arrangement combining solar, wind, and battery storage to power multiple textile facilities of Sangam India, the flagship entity of the Sangam Group based in Bhilwara. The project is designed to ensure stable, round-the-clock clean power through an intra-state group captive model. CleanMax's existing renewable presence in Rajasthan also supports the execution of this agreement.Read more

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Anand bullet train station design reflects ‘Milk City’ identity; construction advances

17 Apr 2026

The under-construction bullet train station at Anand in Gujarat is progressing with structural works nearing completion, with its design drawing from the city's identity as India's Milk City. Developed as part of the Mumbai-Ahmedabad high-speed rail corridor by the National High Speed Rail Corporation Limited (NHSRCL), the station will span 44,073 sq m with a height of 25.6 metres. The three-level structure will feature modern passenger amenities, multimodal connectivity, and design elements inspired by milk droplets. Construction milestones, including slab casting and steel framework, have been completed, with finishing works underway. The station is expected to function as a regional transport hub, improving connectivity within Gujarat's key industrial and urban clusters.Read more

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Karnataka plans larger 500-acre industrial hub with ARAI centre in Mandya

17 Apr 2026

Karnataka is planning a 500-acre industrial hub in Mandya with an Automotive Research Association of India (ARAI) centre, expanding an earlier 100-acre proposal. The project aims to build a combined ecosystem for automotive research, testing and manufacturing. Land parcels near Basaralu and Belluru are under review, along with other locations. The hub is expected to attract investment, support electric mobility development and create jobs. The state is also considering a separate land allocation for an Andrew Yule Company unit as part of the broader industrial push in the region.Read more

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Telugu Ganga pipeline shifting gathers pace in Tirupati to enable key road project for planned urban expansion

17 Apr 2026

The Tirupati Urban Development Authority (TUDA) has accelerated the long-pending shifting of the Telugu Ganga drinking water pipeline to facilitate a critical road project linking Karakambadi Road and Renigunta Road. The 2.9 km underground pipeline, which has historically constrained infrastructure development due to its zigzag alignment, is being relocated with funding support from TUDA. The initiative, reported in the past week, resolves a major bottleneck that had delayed the road project despite earlier allocations of around INR 19.5 crore by Tirumala Tirupati Devasthanams (TTD). The pipeline relocation, estimated to require around INR 3 crore, is expected to enable road construction and support Tirupati's planned urban growth, improving connectivity and easing congestion in the expanding temple city.Read more

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Delay in Aroor–Thuravoor elevated highway completion persists amid KSEB–NHAI standoff over power line shifting

17 Apr 2026

The completion of the Aroor-Thuravoor elevated highway in Kerala has been delayed due to an ongoing dispute between the National Highways Authority of India (NHAI) and the Kerala State Electricity Board (KSEB) over the relocation of extra high-tension power lines. The 12.75 km project, estimated at around INR 2,200 crore and nearing 90 per cent completion, has been stalled for several months as shutdown permissions required for shifting power lines remain pending. While approvals have been granted at two locations, a critical stretch near Aroor continues to hold up construction. The delay has affected timelines for structural completion and traffic opening, with commuters continuing to face congestion along NH-66. The project is intended to ease traffic movement along one of Kerala's busiest corridors.Read more

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