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

Centre considers 50:50 funding model for Hyderabad Metro Phase II as Telangana submits 162-km expansion proposal

22 May 2026

The Centre has indicated in-principle support for participating in Hyderabad Metro Phase II through a 50:50 cost-sharing arrangement with the Telangana government, according to statements made following a review meeting in New Delhi. The proposed second phase involves a 162-km metro expansion across multiple corridors in Hyderabad and is awaiting final approval from the Union government after submission of the Detailed Project Report and technical documents by the state. The development comes amid the Telangana government’s ongoing transition towards a government-led metro model following the proposed takeover of the existing metro operations from Larsen & Toubro. Alongside metro expansion discussions, the Centre also confirmed sanctions for 39 sewage treatment plants under the AMRUT 2.0 scheme aimed at improving the Musi River ecosystem and urban infrastructure in Hyderabad.Read more

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MMRCL invites bids for underground utility survey on Metro Line 11 extension corridor

22 May 2026

Mumbai Metro Rail Corporation Limited (MMRCL) has invited quotations for appointment of an agency to undertake an underground utility survey for the revised alignment of the Mumbai Metro Line 11 extension between Bandra Terminus and Anik Depot. The scope includes Ground Penetration Radar-based mapping of underground pipelines, sewer networks, power cables, telecom ducts and other utility infrastructure along the proposed corridor. The selected consultant will prepare utility maps, AutoCAD drawings, survey reports and stakeholder reference data within a one-month timeline. The survey forms part of planning and pre-construction activities for the proposed Metro Line 11 extension corridor aimed at strengthening Mumbai’s metro connectivity network.Read more

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Delhi-NCR to get highway projects worth INR 34,000 crore: Gadkari

Delhi News Desk

22 May 2026

The government has announced a large-scale highway development plan worth over INR 34,000 crore for the Delhi-NCR region. The projects aim to improve road connectivity, reduce traffic congestion, and upgrade the transport infrastructure across key urban and suburban routes. The proposed works include expressways, ring roads, tunnels, and elevated corridors. According to Union Road Transport and Highways Minister Nitin Gadkari, the initiative is part of a broader push to modernise India’s highway network. The developments are expected to improve travel efficiency and strengthen regional connectivity across the national capital region.Read more

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Gurugram demolition drive clears 850 illegal shanties in Saraswati Kunj Sector 53

Gurugram News Desk

21 May 2026

Authorities in Gurugram carried out a major demolition drive in Saraswati Kunj, Sector 53, along the Golf Course Road corridor, where around 850 illegal shanties were removed. The action was led by the Department of Town and Country Planning (DTCP) with police support as part of an ongoing enforcement campaign against unauthorised occupation on government-notified land. Officials confirmed that the structures violated land-use regulations and had been built without approvals. The operation was completed peacefully and forms part of continued efforts to reclaim and secure public land in the region.Read more

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Indian Railways approves INR 993 crore Chennai suburban rail line doubling project

Chennai News Desk

21 May 2026

Indian Railways has approved a key infrastructure project worth INR 993 crore for doubling the Arakkonam–Chengalpattu section, a major corridor in the Chennai suburban rail network. The 68-km stretch is part of one of the busiest commuter routes in Tamil Nadu, connecting important suburban and industrial zones. The project aims to improve capacity, reduce congestion, and enhance punctuality of suburban train services. It is also expected to support freight movement across the region, strengthening overall rail connectivity and operational efficiency in the Chennai rail division.Read more

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India’s core infrastructure sectors grow 1.7% in April on higher steel and cement output

21 May 2026

• India’s eight core infrastructure industries recorded 1.7 per cent growth in April, according to government data released on May 20.
• The expansion was supported by increased production in steel, cement and electricity sectors, indicating continued activity in construction and industrial demand.
• Core sector growth had stood at 1 per cent in April last year and 1.2 per cent in March 2026.
• Output from coal, crude oil, natural gas, refinery products and fertiliser segments contracted during the month under review.
• The core industries comprise sectors critical to infrastructure and construction activity and collectively influence industrial production and economic growth trends.
Read more

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Mumbai’s INR 1.68 lakh crore infrastructure roadmap gains momentum amid Centre’s infrastructure push

Mumbai News Desk

21 May 2026

Mumbai’s long-term infrastructure pipeline estimated at around INR 1.68 lakh crore is gaining relevance amid the Centre’s continued focus on urban infrastructure investment, industrial corridors and multimodal connectivity projects. Recent policy discussions and central government statements have highlighted the importance of large-scale urban infrastructure spending in supporting economic growth and regional development. Mumbai’s ongoing civic and transport projects, including coastal roads, metro corridors, redevelopment works and mobility infrastructure, reflect broader national priorities centred on integrated urban expansion and capital expenditure-led growth.Read more

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Toll collection begins on 129.7-km Meerut–Budaun section of Ganga Expressway after trial operations

21 May 2026

Toll collection has commenced on the 129.7-km Meerut–Budaun stretch of the Ganga Expressway following the completion of trial traffic operations on the corridor. The section is being operated by Meerut Budaun Expressway Limited, a special purpose vehicle associated with IRB Infrastructure Developers Ltd and IRB Infrastructure Trust. The six-lane greenfield corridor forms part of the larger Ganga Expressway project in Uttar Pradesh and is expected to begin revenue generation for the concessionaire. The project, developed at an estimated cost of INR 6,538 crore, was inaugurated in the past month and is aimed at improving regional road connectivity and supporting industrial and economic activity across multiple districts in the state.Read more

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NHAI flags misuse of tampered number plates to evade toll payments at barrier-less toll plazas

21 May 2026

The National Highways Authority of India has raised concerns over increasing instances of motorists using tampered or obscured vehicle number plates to avoid toll payments at newly introduced barrier-less toll plazas. The issue has emerged at the camera-based Multi-Lane Free Flow (MLFF) toll system operational on Delhi’s Urban Extension Road-II corridor near Mundka. According to reports, some motorists are concealing or modifying High Security Registration Plates to disrupt automatic number plate recognition systems used for toll deduction. NHAI has sought stricter enforcement support from transport authorities as the government accelerates the rollout of AI-enabled and satellite-supported seamless tolling infrastructure across national highways to reduce congestion and improve traffic movement.Read more

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Marine Electricals secures INR 208.72 crore orders from Adani Infra and Udupi Cochin Shipyard

Kochi News Desk

20 May 2026

Marine Electricals (India) Ltd has secured new orders worth INR 208.72 crore from Adani Infra (India) Ltd and Udupi Cochin Shipyard Ltd for power distribution and alarm monitoring systems. The contracts involve the supply of power distribution systems to Adani Infra and alarm monitoring systems to Udupi Cochin Shipyard, with execution timelines ranging from 12 to 24 months. The company disclosed the contracts through a regulatory filing during the past week and stated that the transactions do not fall under related party arrangements. The order win comes amid rising infrastructure and maritime sector investments, including ongoing expansion across ports, shipbuilding, logistics and industrial infrastructure projects in India.Read more

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