22 Aug 2025

Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd., has completed a bond issue worth INR 820 crore through privately placed non-convertible debentures. The issue was split into two tenors, with bonds maturing in about three and a half years at a coupon of 6.93% and in ten years at 7.3015%. With this, fixed-rate borrowings now account for over 33% of the trust's obligations. The proceeds will mainly go towards repayment of existing borrowings. Backed by a strong investor base, the issue has received AAA/Stable ratings from leading credit rating agencies.Read more

22 Aug 2025

Union Minister Shri Nitin Gadkari has stressed that Artificial Intelligence should be applied in preparing detailed project reports (DPRs) for highways, mining and agriculture, pointing to repeated concerns about the poor quality of reports submitted by consultancy firms. He said AI could bring precision and efficiency in surveys, investigations and designs, which form the backbone of DPRs. Gadkari also underlined that AI could be used to analyse road accident data and identify black spots, helping make roads safer. While acknowledging the benefits, he also cautioned against the potential misuse of such technology.Read more

21 Aug 2025

The Telangana High Court has called for an immediate and coordinated resolution of long-standing disputes related to full tank levels (FTL), buffer zones, and canal lands. Criticizing bureaucratic delays and conflicting land classifications, the court stressed the impact on Hyderabad's urban environment, including worsening parking problems due to unauthorized additional flats. Interim relief in a related case was denied, and the court has scheduled further hearings. Historical lapses, unclear notifications, and regulatory inconsistencies highlight the urgency of clear, unified action by state authorities.Read more

21 Aug 2025

The Karnataka Assembly has passed the Greater Bengaluru Governance (Amendment) Bill, 2025, a landmark piece of legislation aimed at decentralizing the city's civic administration. The bill will replace the existing Bruhat Bengaluru Mahanagara Palike (BBMP) with five smaller municipal corporations to improve urban governance and make it more participatory. Additionally, a new Greater Bengaluru Authority (GBA) has been established to oversee and coordinate development and integrated planning across the entire metropolitan region, which is set to expand from 700 sq km to nearly 1,000 sq km.Read more

21 Aug 2025

Prime Minister Shri Narendra Modi is scheduled to inaugurate the Aunta Simaria highway project on NH-31 in Bihar tomorrow. The 8.15 km project includes a 1.86 km six-lane extradosed bridge over the Ganga, built at a cost of INR 1,870 crore. The new link directly connects Mokama in Patna district with Begusarai, significantly reducing detours for heavy vehicles that previously had to travel over 100 km due to restrictions on the older Rajendra Setu. Officials expect the project to strengthen regional trade, improve freight movement, support agriculture, and enhance access to religious and cultural landmarks.Read more

20 Aug 2025

The High Court recently directed the Rajasthan government to present a full development plan for Jaipur's Walled City, moving beyond isolated enforcement to a wider focus on structural issues like waterlogging, parking shortages, and heavy traffic. The court has asked for a detailed progress report and scheduled the next hearing soon. This follows earlier interventions, such as sealing of illegal buildings and mandating hearings for owners, highlighting persistent challenges to the city's heritage, infrastructure, and its UNESCO-listed identity.Read more

20 Aug 2025

Crompton Greaves Consumer Electricals Ltd. has won a significant contract worth INR 49 crore to supply 1,884 off-grid solar water pumping systems to farmers in Maharashtra. The project, awarded by the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL), falls under the PM-KUSUM B scheme, a central government initiative aimed at providing clean, reliable irrigation solutions to the agricultural sector. The agreement covers the entire process, from manufacturing and installation to a five-year warranty and a remote monitoring system, positioning Crompton to help meet India's growing demand for sustainable agricultural technology and reinforce its market leadership.Read more

20 Aug 2025

Prime Minister Shri Narendra Modi will inaugurate a new highway project on Friday, featuring a 1.865-kilometer bridge over the Ganga river connecting Aunta (Mokama) and Simaria (Begusarai) in Bihar. The new structure, which was built parallel to the old and damaged Rajendra Setu, will provide crucial connectivity between north and south Bihar. The project is expected to significantly reduce travel time and save heavy vehicles from a detour of up to 100 km. The bridge is a key component of the government's ongoing efforts to enhance road and riverine infrastructure in the state, boosting both economic activity and regional connectivity.Read more

20 Aug 2025

The Union Cabinet cleared a proposal for the development of a new greenfield airport at Kota-Bundi in Rajasthan at an estimated investment of INR 1,507 crore. The project, to be executed by the Airports Authority of India (AAI) using internal accruals, is planned for completion within two years. With a passenger handling capacity of two million annually, the airport is expected to enhance regional connectivity, support Kota's industrial and educational prominence, and contribute significantly to the local economy.Read more

20 Aug 2025

The Madhya Pradesh Industrial Development Corporation (MPIDC) is finalizing a revenue model for office spaces at the upcoming IT Park 4 in Indore's Pardeshipura area. The project, estimated at INR 42 crore, aims to offer seven floors of office space on 30-year leases, targeting tech firms and startups. Bookings are anticipated to commence by September, with expectations to attract over INR 500 crore in investment and generate approximately 4,000 jobs.Read more

20 Aug 2025

Tamil Nadu's registration department has announced plans for a presenceless property registration system aimed at digitising first-sale registrations of apartments and plots. Initially optional, the system will gradually become mandatory, reducing congestion at sub-registrar offices. It will integrate Aadhaar-based biometric verification and digital approvals. While the initiative promises faster processing and reduced corruption, concerns have emerged regarding possible fraud and the need for strong safeguards.Read more

20 Aug 2025

SAEL Industries has signed two major power purchase agreements (PPAs) for 880 MW of solar capacity in Gujarat and Punjab, marking a big step in its renewable energy expansion. In Gujarat, subsidiaries of SAEL will supply 480 MW to Gujarat Urja Vikas Nigam Ltd at INR 2.56 per kWh for 25 years, with operations expected within 24 months. In Punjab, a 400 MW solar project will deliver power to Punjab State Power Corporation Ltd at INR 2.97 per kWh under a similar 25-year deal. These projects strengthen SAEL's clean energy portfolio, ensuring stable revenues while supporting India's renewable energy and sustainability targets.Read more

19 Aug 2025

Escorts Kubota is set to transform Noida into a key manufacturing center with a new INR 4,500 crore tractor plant spanning 200 acres. The facility will create employment for 4,000 people in phases and produce tractors, engines, and farm and construction machinery for both domestic and international markets. The initial phase will focus on core production and allied facilities, while the second phase will expand based on demand. Additionally, the company plans to support Kubota's global R&D operations from India, highlighting the country's growing significance in global manufacturing.Read more

19 Aug 2025

CIDCO is advancing plans for a 667-acre Aerocity near the soon-to-open Navi Mumbai International Airport, expected to begin operations in September under Adani Group. Bids have been invited to appoint a master planner and transaction advisor for the project, which will allocate 123 acres each for residential, commercial, and retail zones, alongside offices, warehouses, hotels, hospitals, and entertainment spaces. Strategically connected to the Mumbai Trans Harbour Link, Navi Mumbai Metro, and suburban rail, the Aerocity aims to offer Mumbai a rare, fully planned urban hub. Rising property demand, particularly from aviation professionals, signals strong interest ahead of the airport's launch.Read more

19 Aug 2025

Maharashtra is set to advance its economic development with the 'Third Mumbai' project in Raigad, planned to include education, healthcare, research, and innovation facilities. Chief Minister Devendra Fadnavis emphasized seamless connectivity to Mumbai and encouraged private sector participation through fast-tracked approvals and public-private partnerships. The announcement coincided with the inauguration of Goldman Sachs' expanded office in Worli, highlighting Maharashtra's position in the financial sector. With a focus on AI, quantum computing, and advanced research, Third Mumbai aims to foster growth in both the MMR region and the broader state economy.Read more

19 Aug 2025

Reliance Infrastructure has received a Letter of Award from NHPC for a 390 MW solar project with a 780 MWhr BESS, adding substantial clean energy capacity to its portfolio. The project/s tariff of INR 3.13/kWh places it among India's most competitively priced renewable initiatives. This development expands Reliance Group's integrated Solar + BESS capacity to over 3 GWp and 3.5 GWhr, strengthening its leadership in the sector. The tender was highly competitive, reflecting growing industry interest in dispatchable renewable energy. Reliance Infrastructure continues to leverage SPVs to deliver large-scale, high-impact projects.Read more

19 Aug 2025

Zerodha co-founder Nikhil Kamath has invested INR 137.5 crore in Gujarat-based Goldi Solar to support its expansion. Founded in 2011, the solar PV module maker has rapidly scaled its capacity from 3 GW to 14.7 GW and is developing solar cell manufacturing in Surat. Kamath said India's renewable sector offers vast opportunities to build global-scale companies locally. The investment underscores momentum in the domestic solar industry, with rivals like Vikram Solar preparing for a INR 2,000 crore IPO. Backed by government policies, including import duties on foreign modules and PLI incentives, India is targeting 280 GW of solar power capacity by 2030.Read more

19 Aug 2025

The Mumbai Metropolitan Region Development Authority inaugurated four major infrastructure projects this past week under the leadership of Chief Minister Shri Devendra Fadnavis, in the presence of Deputy Chief Ministers Shri Eknath Shinde and Shri Ajit Pawar, along with other senior dignitaries. The projects included the Santacruz-Chembur Link Road extension featuring South Asia's first 100-metre radius cable-stayed bridge, the Mumbai Metro Training Institute at Mandale Depot, new residential quarters for metro staff at Malvani, and the Kalanagar Sub-Flyover Arm D. Together, these projects are expected to drastically improve connectivity, reduce congestion, and enhance workforce capacity across the city.Read more

19 Aug 2025

The Zaheerabad Industrial Smart City (ZISC) is moving into active development after securing all clearances. Conceived as a National Investment and Manufacturing Zone, the USD 320 million (INR 2,369 crore) project is being developed by an SPV with TGIIC holding 51% equity and NICDIT 49%, with additional debt funding. Phase one spans 3,245 acres in Sangareddy, with over 90% of land acquired. Targeting sectors such as automotive, defense, food processing, and electrical equipment, early investors include VEM Technologies (511 acres) and Hyundai (408 acres). Designed as a self-sustaining ecosystem with residential, commercial, and green zones, infrastructure work will commence from October.Read more

18 Aug 2025

JSW Steel and South Korea's POSCO have taken the next step in their strategic partnership by signing a non-binding Heads of Agreement to explore a 6 million tonnes per annum integrated steel plant in India. Building on their earlier MoU, the feasibility study will settle details like site, investment, resources and timelines. Odisha, rich in minerals and logistics is under consideration. This development follows POSCO's prior failed attempt at a mega Odisha project and a planned JSW 5 MTPA venture in Keonjhar. Together, the companies aim to blend JSW's scale with POSCO's technical edge, strengthening India's steel ambitions.Read more