28 May 2026

• Andhra Pradesh Chief Minister N. Chandrababu Naidu has directed officials to prepare a comprehensive coastline development plan for the state’s 1,000-km coastal belt.
• The proposed roadmap will focus on coastal infrastructure, investments, employment generation, fisheries and commercial activities linked to the blue economy.
• The government plans to strengthen aquaculture and improve value addition in shrimp and fish exports, where Andhra Pradesh already holds a leading position in India.
• Officials have also been asked to study marine biodiversity protection and explore the potential of rare earth minerals available along the coastline.
• The initiative is expected to support port-led development, industrial growth and economic activity across coastal districts of Andhra Pradesh.Read more

28 May 2026

• Maharashtra Rail Infrastructure Development Corporation has completed the installation of all 40 stay cables for the under-construction Byculla Cable-Stayed Road Over Bridge in Mumbai.
• The four-lane bridge spans 916 metres and includes a 50-metre-high pylon designed to improve east-west connectivity across Byculla.
• The project is being developed at an estimated cost of around INR 287 crore and is expected to improve traffic movement between South Mumbai, Dadar and the Eastern Express Highway.
• Officials stated that the bridge is in its final phase of construction and is expected to provide weather-resilient connectivity for commuters.Read more

28 May 2026

State-owned Indian Railway Finance Corporation (IRFC) has signed an agreement with L&T Metro Rail (Hyderabad) Ltd to refinance the debt obligations of the Hyderabad Metro Rail project through a term loan of INR 13,527 crore. The company plans to disburse INR 13,500 crore by June 2026. This marks IRFC’s first financing deal in the metro rail segment and signals its entry into urban infrastructure funding beyond the railway sector. To support the transaction, IRFC has raised USD 1.1 billion through external commercial borrowings in Japanese Yen and is targeting overall fundraising of INR 70,000 crore during the current financial year.Read more

28 May 2026

ACME Solar Holdings has signed a 25-year power purchase agreement with Solar Energy Corporation of India for a 300 MW/1,200 MWh ISTS-connected assured peak power project. The project was awarded under SECI’s FDRE Tranche-VII tender and will supply four hours of guaranteed electricity during non-solar hours. The company said the project will use its existing night-time grid connectivity in high irradiation zones. Following this agreement, ACME Solar’s PPA-signed portfolio has increased to 6,570 MW out of its total contracted capacity of 8,070 MW, strengthening its presence in the renewable energy and storage segment.Read more

27 May 2026

• Hitachi Construction Machinery Co Ltd plans to change its corporate name to Landcros Corp from April 1, 2027.
• The rebranding marks a major identity shift for the global construction and mining equipment manufacturer.
• The company has not announced any operational or management changes linked to the new name.
• Hitachi Construction Machinery has a strong international presence, including in infrastructure and mining markets across Asia and India.
• The move comes as global industrial companies increasingly focus on independent branding, technology upgrades and long-term business repositioning.Read more

27 May 2026

MCGM has floated a tender for appointment of a triennial contractor to undertake conservation, cleaning, security and operational maintenance of monuments and heritage structures across Mumbai’s Fort Heritage Precinct. The scope covers restoration of fountains, statues, pyaavs, landscaping, electrical systems and round-the-clock security arrangements for key heritage assets including Flora Fountain and Fitzgerald Fountain. The civic body has also laid down detailed financial, technical and contractual conditions related to deposits, performance guarantees, maintenance obligations and defect liability responsibilities for contractors participating in the project.Read more

27 May 2026

• Maharashtra Chief Minister Devendra Fadnavis said the proposed Samruddhi Expressway extension is expected to improve economic activity and connectivity in eastern Maharashtra.
• The expansion is likely to connect districts such as Gadchiroli, Chandrapur and Gondia with the state’s larger road and logistics network.
• The Samruddhi Mahamarg has already reduced travel time between Mumbai and Nagpur from nearly 16 hours to around eight hours.
• The state government is positioning the expressway corridor as a major infrastructure and industrial development route with logistics parks, warehousing hubs and manufacturing clusters planned along the network.
• The project forms part of Maharashtra’s larger infrastructure push involving highways, ports, industrial corridors and freight connectivity projects.Read more

27 May 2026

• Reliance Infrastructure reports consolidated net profit of INR 918.07 crore in Q4 FY26, down sharply from INR 4,387.08 crore a year earlier
• Revenue and total income decline marginally to INR 4,154.34 crore in the March quarter, reflecting weaker operating performance
• Rising expenses, particularly higher power purchase costs, weigh on profitability during the reporting period
• Company appoints new CEO and CFO as part of senior management restructuringRead more

27 May 2026

States will be able to submit applications from June 1 under the INR 33,660 crore Bharat Audyogik Vikas Yojna (BHAVYA) scheme to develop 100 plug-and-play industrial parks across India over 2026–27 to 2031–32. The first phase will select 50 proposals through two rounds of evaluation, with up to 20 projects expected in the first round ending July 31, 2026. The scheme, approved by the Union Cabinet on March 18, aims to create investment-ready industrial infrastructure with defined land and connectivity norms.Read more

27 May 2026

• NTPC reported a strong increase in quarterly and annual consolidated profit for FY26 despite a marginal decline in total income during the March quarter.
• Growth in joint venture earnings and subsidiary performance supported the company’s overall financial results during the year.
• NTPC’s coal-based power plants recorded higher operational efficiency compared to the national average Plant Load Factor during FY26.Read more