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%

Asset class : Infrastructure

GAIL to invest INR 844 crore to expand DUPL-DPPL pipeline capacity over three years

25 Jun 2025

GAIL (India) Ltd has announced an investment of INR 844 crore to expand the capacity of its Dahej-Uran-Dabhol-Panvel (DUPL-DPPL) natural gas pipeline network from 19.9 to 22.5 million standard cubic metres per day (mmscmd) over the next three years. The company also disclosed revised completion dates for major projects, including the Mumbai-Nagpur-Jharsuguda (MNJPL) and Srikakulam-Angul pipelines, now scheduled for phased completion by the end of 2025. Delays have been attributed to permissions and land acquisition issues, necessitating an additional INR 411.12 crore investment for the MNJPL project.Read more

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UP cabinet approves Urban Green Policy to boost eco-friendly urban development

25 Jun 2025

The Uttar Pradesh cabinet has approved the Urban Green Policy, a statewide plan to embed sustainability into urban life through a tiered approach at city, neighbourhood, and building levels. Key features include Miyawaki forests, sponge parks, green belts, rooftop gardens, and green construction mandates. A 'Green City Monitoring System' will rank cities on eco-performance, aiming to award the top performer the 'Ultimate Green City' title. The policy rollout will begin in major metros and extend to all 762 urban bodies post-2030. Funded by central, state, and CSR sources, the initiative also promotes community participation through tree-planting drives, workshops, and real-time progress monitoring.Read more

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West Bengal announces four new IT parks in Kurseong, Kalimpong, Jalpaiguri, and Chinsurah

24 Jun 2025

West Bengal has launched an ambitious expansion of its IT infrastructure with four new parks three in North Bengal and one in Chinsurah, Hooghly. Construction is already underway at Kurseong under the Gorkhaland Territorial Administration, while Kalimpong and Jalpaiguri parks are next in line. These developments follow the high occupancy of 22 existing state-run IT parks operated by WBEIDC. The initiative complements earlier government-backed tech expansions in New Town, Salt Lake, and Siliguri, including a 25-acre PPP tech-cultural hub and an AI-focused IT park.Read more

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NHAI launches 15-day nationwide monsoon preparedness drive to tackle highway waterlogging

24 Jun 2025

The National Highways Authority of India (NHAI) has initiated a 15-day intensive drive to combat monsoon-related challenges, particularly flooding and waterlogging, on national highways. As part of this effort, NHAI teams, including contractors and consultants, are inspecting vulnerable stretches across the country. Measures such as drain cleaning, pothole repair, desilting of culverts and rainwater harvesting systems, and placement of emergency equipment are being implemented to ensure safe and smooth traffic flow during the rainy season.Read more

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Gujarat allocates INR 3,395 crore to civic bodies under Urban Development Year plan

24 Jun 2025

The Gujarat government has announced a comprehensive INR 3,395 crore funding for civic development across eight municipal corporations, 22 municipalities, and four Urban Development Authorities. A large share INR 3,263 crore will go to infrastructure projects like roads, drainage, rainwater systems, and public amenities. The initiative aligns with the state's declaration of the current period as its "Urban Development Year", following a 40% hike in the urban budget to INR 30,325 crore. With tailored allocations for rapidly growing and newly formed municipal corporations, this move aims to fast-track Gujarat's urban transformation.Read more

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Bondada Group wins 400 MWh battery storage contract from Tamil Nadu Green Energy Corp

24 Jun 2025

Bondada Group has secured a significant 400 MWh battery energy storage system (BESS) project from Tamil Nadu Green Energy Corporation Limited (TNGECL), marking a key development in Tamil Nadu's push towards grid stability and renewable energy integration. The standalone BESS facilities will be installed at Vellalaviduthi and Thennampatty, with the project set to operate under a build-own-operate model. Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) has entered into a 12-year energy storage purchase agreement with the company, enabling two full charge-discharge cycles daily to manage peak demand and ensure uninterrupted power delivery.Read more

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Noida Airport deploys India's first homegrown runway cleaning machine for safer flights

24 Jun 2025

Noida International Airport has joined hands with Anlon Technology Solutions to introduce the Cleanjet RRM, India's first indigenously built runway rubber removal machine. Mounted on the Eicher Pro 6028 chassis and compliant with Bharat Stage-VI norms, the machine offers a 100% chemical-free, high-efficiency solution for cleaning rubber deposits, oil spills, and paint markings using ultra-high-pressure water jets. Capable of covering up to 1,100 sq. m per hour, it promises improved safety and sustainability in runway maintenance.Read more

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Gentari commissions 150 MW solar plant in Wardha for industrial users

24 Jun 2025

Gentari has commissioned a 150 MW open-access solar power plant in Wardha, Maharashtra-one of the state's largest for commercial and industrial (C&I) users. The facility will generate around 248 million units of clean electricity annually, reducing over 2.38 lakh tonnes of CO emissions-equivalent to removing thousands of cars from the roads. With this project, Gentari's total solar capacity for C&I clients in the state exceeds 225 MW. Sharad Pungalia, Gentari's India head, highlighted strong demand for reliable green energy. The project supports the company's wider sustainability strategy, which includes solar, green hydrogen, and clean mobility solutions across India and the Asia-Pacific.Read more

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Adani Group commissions India's first off-grid green hydrogen plant in Kutch

23 Jun 2025

Adani Group has commissioned India's first off-grid 5 MW green hydrogen plant in Kutch, Gujarat, marking a significant step under the National Green Hydrogen Mission. Developed by Adani New Industries Ltd (ANIL), the plant operates entirely on solar energy and is integrated with a Battery Energy Storage System (BESS), enabling round-the-clock, grid-independent hydrogen production. The pilot facility showcases the potential of decentralised renewable-powered hydrogen generation and serves as a precursor to Adani's larger green hydrogen hub planned at Mundra. The initiative aims to advance India's transition to clean energy and reduce its dependence on fossil fuel imports.Read more

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Maharashtra green-lights four PMRDA town-planning schemes

23 Jun 2025

The Maharashtra Urban Development Department has approved four key town planning schemes by PMRDA, covering 520 hectares in Autade-Handewadi, Holkarwadi, and Vadachiwadi. These align with Pune's 82 km ring road plan and follow a land-sharing model where landowners receive 50% of developed plots. Each scheme gets INR 25 crore from the Centre, with PMRDA allocating INR 125 crore. Two other schemes-Maan Mhalunge and Manjari Khurd Kolwadi-remain stalled due to zoning and technical issues. Officials and locals voiced frustration over delays impacting infrastructure and real estate development. Timely clearance is critical to access central funds and drive organised growth across the Pune Metropolitan Region.Read more

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Hyderabad airport begins expansion to handle rising passenger and cargo traffic

23 Jun 2025

GMR Hyderabad International Airport Ltd (GHIAL) has launched a INR 5,843 crore expansion at Rajiv Gandhi International Airport to meet rising traffic. The plan includes a new 225,000 sq. m terminal primarily for domestic use, a 3,800-meter runway for low-visibility operations, and a 650-meter cross taxiway for wide-body aircraft. Aircraft stands will increase to 163 and parking bays to 5,590. A second cargo terminal (50,000 MT capacity) costing INR 160 crore is set to open by July. The existing terminal is also being expanded at INR 427 crore. A 31-km metro line from Mindspace to the airport is planned to boost access, with GHIAL supporting the initiative. AERA will determine revised tariffs.Read more

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Mumbai seeks court nod to remove 1,134 trees for Goregaon-Mulund tunnel work

23 Jun 2025

The Brihanmumbai Municipal Corporation's Tree Authority has approached the Supreme Court seeking approval to cut 1,134 trees in Film City, Mumbai, to facilitate the Goregaon-Mulund Link Road (GMLR) project�a key infrastructure initiative aimed at connecting the Western and Eastern Express Highways and reducing travel time by nearly an hour. Respecting the Court's earlier directive barring tree felling in Aarey without explicit permission, the Authority clarified that the proposed development does not fall within the protected Aarey Milk Colony. The trees are required for constructing twin tunnels over a 6.2-km stretch, particularly for pit excavation and tunnel boring machine operations. A shift in the launching shaft's location to avoid displacing a tribal hamlet has also increased the number of trees to be felled. The Tree Authority has sought permission to remove 95 trees in the first phase and requested the liberty to return for further approvals in the next phase of the project.Read more

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Freeway project set to improve access between Mulund, Airoli and Palava by 2026

23 Jun 2025

The upcoming Mulund-Airoli-Palava Freeway, set to open by March 2026, is poised to dramatically cut commute times-25 minutes from Mulund to Airoli and just 20 minutes from Airoli to Palava-transforming connectivity in Mumbai's eastern suburbs. Beyond easing travel, the project is expected to spark real estate growth in areas like Kalyan, Dombivli, and Katai. Historically, infrastructure upgrades like the Eastern Freeway and Metro Line 1 have triggered significant property appreciation, and experts anticipate similar trends here. Developers are eyeing the corridor as MMR's next growth hotspot, with improved access and affordable land making it ideal for residential and mixed-use projects amid Mumbai's ongoing eastward expansion.Read more

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Gorakhpur expressway launch marks next phase in UP's highway expansion drive

23 Jun 2025

Uttar Pradesh has operationalised the Gorakhpur Link Expressway, its seventh expressway, developed at an investment of INR 7,283 crore. This 91.35 km stretch links Gorakhpur to districts including Azamgarh and significantly strengthens the state's share in India�s expressway network, raising it from 38% to 42%. With over 1,200 km of access-controlled expressways now within its borders, UP leads nationally. The expressway was built partly on land acquired from 22,000 farmers and is projected to transform the socio-economic fabric of the Purvanchal region.Read more

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MMRDA to fine metro contractors for labour shortages to speed up project delivery

23 Jun 2025

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a strict penalty policy to address labour shortages and fast-track metro construction. Effective immediately, contractors will face fines of INR 1 lakh per day for workforce shortfalls between 25-50%, and INR 2 lakh per day if the deficit exceeds 50%, with no exceptions or prior notice. These penalties are in addition to existing fines for project delays and will be enforced across key metro corridors set to be commissioned by year-end, including Lines 2B, 4, 4A, and 9. MMRDA officials will conduct regular site audits and review consultant reports to monitor compliance, as the authority aims to curb persistent manpower issues that have historically hampered metro progress.Read more

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Siemens to install ETCS Level 2 signalling for Mumbai-Ahmedabad bullet train corridor

19 Jun 2025

A consortium of Siemens Limited, Siemens Mobility GmbH, and Dineshchandra R Agrawal Infracon Pvt Ltd has secured a INR 4,100 crore contract from the National High Speed Rail Corporation Limited (NHSRCL) for India's first bullet train project. Siemens Limited's share, worth INR 1,230 crore, includes designing, installing, and maintaining advanced signalling and telecom systems using the globally adopted ETCS Level 2 standard. The project will be executed over 4.5 years, with Siemens handling maintenance for 15 years. This move aligns with the 'Make in India' mission and marks a major step toward integrating world-class rail tech into India's transport landscape.Read more

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L&T to develop green hydrogen and ammonia plants in Gujarat

19 Jun 2025

Larsen & Toubro (L&T) has acquired land in Kandla, Gujarat, to develop green hydrogen and ammonia facilities-advancing its clean energy ambitions in sync with India's National Green Hydrogen Mission. Chairman S N Subrahmanyan confirmed electrolyser manufacturing is already underway, giving L&T a first-mover edge. The company also received U.S. Department of Energy approval to transfer Small Modular Reactor (SMR) technology to India, becoming one of only three Indian firms eligible. L&T plans to localise manufacturing and build proprietary tech for developing markets. Through its new subsidiary, L&T Green Energy Kandla Pvt Ltd, the company is gearing up to deliver global-scale EPC solutions in green fuels.Read more

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DRA to spend INR 1 crore to beautify Chennai's Lloyds Road under Namakku Naame scheme

19 Jun 2025

Chennai-based real estate firm DRA has partnered with the Greater Chennai Corporation to launch a INR 1 crore beautification project on Sir V.P. Raman Road (Lloyds Road) under Tamil Nadu's "Namakku Naame" initiative. The four-month Public-Private Partnership aims to transform the bustling stretch into a sustainable, walkable, and aesthetically vibrant urban space. Planned upgrades include LED streetlights, landscaped walkways, public seating, and smart signage. DRA Managing Director Ranjeeth Rathod highlighted the initiative as a reflection of civic pride and community-focused progress. The project was inaugurated in the presence of senior civic officials, showcasing a strong model of public-private collaboration in urban renewal.Read more

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Kinfra to lead 358-acre land deal for Global City, part of Kochi-Bengaluru Corridor

19 Jun 2025

The Kerala government has approved a negotiated land purchase approach to acquire 358 acres in Ayyampuzha for the much-delayed Global City project, part of the Kochi-Bengaluru Industrial Corridor (KBIC). Implemented by state agency Kinfra, this move aims to bypass delays tied to traditional acquisition methods. Of the total land, 215 acres will be dedicated to industrial use. The project, crucial for regional economic integration, had earlier faced setbacks due to Union government concerns over non-industrial components. In contrast, KBIC's Palakkad-based Industrial Manufacturing Cluster has already secured approvals. The new approach may also ensure faster delivery and better compensation for landowners.Read more

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TRAI's new pilot aims to end spam by recording customer consent digitally

19 Jun 2025

The Telecom Regulatory Authority of India (TRAI), in partnership with the RBI and select banks, has launched a pilot project to digitally verify customer consent for commercial messages and calls. Aimed at tackling rising complaints of spam-often based on vague or offline consents-the initiative introduces a secure digital consent registry managed by Telecom Service Providers. The banking sector, vulnerable to fraud via unsolicited calls, is the focus of this first phase. The project will assess practical, technical, and regulatory factors before scaling to other industries, marking a key step toward safer and more transparent communication practices for consumers.Read more

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