09 Jun 2025

The Maharashtra State Road Development Corporation (MSRDC) has opened the final 76km stretch of the 701km-long Samruddhi Mahamarg, connecting Igatpuri in Nashik to Amane in Thane. With this final phase inaugurated last week, the expressway is now fully operational, reducing the travel time between Nagpur and Mumbai to just eight hours. The six-lane expressway, which cost approximately INR 55,000 crore, spans 10 districts and connects major economic hubs and tourist destinations, while also offering significant logistical advantages for farmers, pilgrims, and industries alike.Read more

09 Jun 2025

Adani Airports Holdings Limited secured USD 750 million in external commercial borrowings from an international banking consortium led by First Abu Dhabi Bank, Barclays and Standard Chartered. The proceeds will refinance debt and fund infrastructure upgrades and capacity expansion at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram airports. Last fiscal year, AAHL handled 9.4 crore passengers against an 11 crore capacity. The funds aim to strengthen non-aeronautical revenues through retail, F&B and duty-free offerings across its network.Read more

09 Jun 2025

The reconstruction of Mumbai's iconic Byculla bridge, officially the Dr Babasaheb Ambedkar Railway Bridge, has reached the halfway point, with completion targeted by late 2025. The bridge connects NM Joshi Marg to Rani Baug and Clare Road, serving as a vital east-west link over Central Railway tracks. The revamped structure will enhance connectivity to key routes like the Eastern Express Highway, P D'Mello Road, and Mohammed Ali Road. MMRDA officials reported near-completion of substructure work on the eastern side, with western-side construction underway. Steel girder installation will begin shortly. The old bridge was dismantled following safety concerns flagged by IIT Bombay and Central Railway. Phased construction, night work, and coordination with rail authorities have helped the project regain momentum after earlier delays. Once completed, the bridge will significantly ease traffic flow and improve transport connectivity in South Mumbai.Read more

06 Jun 2025

India plans to add 50 new airports over the next five years, Union Minister K Rammohan Naidu announced at IATA's annual meeting. The country now operates 162 airports, up from 74 in 2014, driven by initiatives like the UDAN scheme, which has launched 619 regional routes connecting tier-2 and tier-3 cities. The government also aims to make India a global Maintenance, Repair and Overhaul (MRO) hub, targeting USD 4 billion in MRO market value by 2031. Naidu called for global collaboration on sustainable aviation fuel (SAF) to decarbonise the sector. With India among the world's fastest-growing aviation markets, these expansion plans will strengthen domestic and international connectivity, boost industry partnerships, and promote greener air travel. The move signals a strong, future-forward vision for India's aviation sector.Read more

04 Jun 2025

The East-West Industrial Corridor Highway in Arunachal Pradesh is a transformative infrastructure project designed to enhance regional connectivity and bolster economic growth along the lower Himalayan foothills. Stretching nearly 967 km from the tri-junction of Bhutan, Assam, and Arunachal Pradesh to that of Nagaland, Assam, and Arunachal Pradesh, the two-lane highway forms part of the Special Accelerated Road Development Programme for the North East (SARDP-NE). Integrating an existing national highway section and extending through nine districts, it aims to connect strategic border areas while advancing India's 'Look East' policy. Spearheaded by the state government with support from central ministries, the project combines multiple funding and construction models to deliver a key industrial corridor with significant strategic and economic implications.Read more

03 Jun 2025

The Ramjal Setu Link Project is a vital infrastructure initiative in Rajasthan, aimed at building a bridge over the Chambal River to connect Kota and Sawai Madhopur. As part of the broader INR 1,500 crore Chambal River Link Project, it serves dual purposes: improving transport connectivity and enabling water transfer to drought-prone areas. Overseen by the Rajasthan Water Resources Department and aligned with the National Water Development Agency's river interlinking programme, the bridge offers an all-weather route, reduces monsoon disruptions, and enhances access to markets, healthcare, and education. It also supports equitable water distribution, rural development, and long-term regional growth in Rajasthan.Read more

03 Jun 2025

MedSpark Medical Devices Park, located within Kerala's Life Science Park at Thonnakkal, represents a major stride in India's pursuit of self-reliance in the medical device sector. A joint venture between SCTIMST and KSIDC, this initiative targets the high-risk medical device market, including implants and extracorporeal devices. With an investment of INR 230 crore, partly funded by the state and central governments, MedSpark offers a cutting-edge ecosystem supporting R&D, testing, manufacturing, and incubation. Building on Kerala's existing medical device landscape, the park is projected to create over 1,200 direct and up to 5,000 indirect jobs, bolstering innovation and affordability in healthcare nationwide.Read more

03 Jun 2025

Construction of Jaipur Metro Phase 2 is expected to begin soon, enhancing the city's urban transport network. The 42.80 km corridor will stretch from Todi Mode to Prahladpura, connecting key residential, commercial, and industrial hubs, including VKI and Sitapura industrial areas. The Rajasthan Metro Rail Corporation (RMRC) has submitted the Detailed Project Report (DPR) to the Union Ministry of Housing and Urban Affairs; approvals and tendering are awaited, with construction likely to start before Diwali. The INR 12,260 crore project will feature 36 stations, including two underground, and will be financed through government funding and institutional loans. Designed to alleviate Jaipur's traffic congestion, Phase 2 will be implemented in stages to minimise disruptions. With completion targeted in five years, the metro's expansion will improve mobility, reduce commute times, and support Jaipur's growing urban infrastructure needs.Read more

03 Jun 2025

As of March 31, 2025, NDR InvIT Trust, India's first perpetual warehousing and industrial park InvIT, reported a 13.32% rise in assets under management (AUM), reaching 19.22 million sq. ft. The Trust expanded its footprint from 13 to 15 cities, now operating 37 industrial parks and over 60 warehouses nationwide. About 33% of rental income comes from its top 10 clients, with just 11.26% of leases up for renewal in H2 FY26, ensuring stable revenues. FY25 revenue stood at INR 3,241.10 million, with Q4 revenue at INR 945.38 million. The NAV per unit was INR 135.52. A Q4 distribution of INR 1.80 per unit was declared, with a record date on or before June 4, 2025. CFO Sandeep Jain highlighted FY25's portfolio growth, strong occupancy, and investor returns. The Trust remains focused on strategic acquisitions and sustainable expansion in India's logistics sector.Read more

03 Jun 2025

India's data centre (DC) sector has attracted nearly USD 15 billion in investments since 2020 and is expected to draw an additional USD 20-25 billion over the next six years, according to Colliers India. As of April 2025, total DC capacity across Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune reached 1,263 MW, projected to surpass 4,500 MW by 2030. The physical DC footprint is also set to grow from 15.9 million sq. ft. to 55 million sq. ft. This surge is driven by rising demand for digital services, cloud computing, AI technologies, and regulatory data localisation. Colliers highlights India's strengths: ample land, reliable power, and skilled talent, positioning the country as a top APAC data centre destination. The market is evolving with increasing interest in edge data centres to support real-time applications and low-latency needs, further fuelling sectoral growth.Read more

03 Jun 2025

RDB Infrastructure and Power Ltd has reported a turnaround in its financial performance for the March quarter, registering a net profit of INR 1.15 crore. This recovery comes on the back of a disciplined cost-control strategy, reversing the loss of INR 8.69 lakh reported in the fourth quarter of FY24. Although the company's revenue declined to INR 21.82 crore from INR 36.84 crore in the corresponding quarter of the previous fiscal, the drop in expenses to INR 20.13 crore from INR 36.91 crore significantly contributed to the bottom-line improvement. The results reflect the company's focus on maintaining operational efficiency amid challenging market conditions.Read more

03 Jun 2025

Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (MAHAPREIT) and NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Ltd, inked a Joint Venture Agreement (JVA) in Mumbai earlier this week. This strategic alliance aims to spearhead renewable energy development across Maharashtra, beginning with 500 MW and scaling up to 5000 MW. The new joint venture company (JVC) will focus on solar, wind, hybrid, floating solar, battery energy storage systems (BESS), pumped storage, and solar parks. NIRL will hold a 74% stake in the JVC, while MAHAPREIT will hold the remaining 26%.Read more

02 Jun 2025

State-run NHPC is preparing to initiate the commissioning of three out of eight generating units of its flagship Subansiri Lower Hydroelectric Project, each with a capacity of 250 MW, starting next month. This move is subject to receiving approval from the National Dam Safety Authority (NDSA). The remaining five units are planned for phased commissioning by mid-2026. Located on the Subansiri River along the Arunachal Pradesh-Assam border, the 2,000 MW mega project is expected to produce over 7,421 million units annually in a 90 per cent dependable year. Once operational, the project will mark a major milestone in India's renewable energy expansion.Read more

02 Jun 2025

Reliance Infrastructure Ltd (RInfra) reported a strong financial turnaround earlier this week, posting a net profit of INR 4,387 crore for the March quarter, compared to a net loss of INR 220.58 crore in the same period last year. The significant improvement was largely attributed to a substantial reduction in overall expenses. Although the company's total income saw a dip, strategic cost management played a pivotal role in boosting profitability. For the full financial year, RInfra posted a net profit of INR 4,937.52 crore, reversing the previous year's loss. Notably, the company confirmed zero standalone net debt and a surge in consolidated net worth.Read more

02 Jun 2025

The Multi-Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh, represents a pivotal development under India's National Industrial Corridor Development Programme, aiming to integrate road, rail, air, and inland waterways into a unified logistics network. Positioned strategically near key transport corridors like the Eastern Dedicated Freight Corridor and National Waterway-1, this expansive 575-acre project promises to boost trade in agriculture, textiles, handicrafts, and pharmaceuticals by cutting logistics costs and improving connectivity to major ports. With an investment of around INR 1,750 crore (USD 210 million) and strong support from central and state governments, the MMLP is poised to generate over 10,000 jobs and drive economic growth in a region facing high unemployment.Read more

02 Jun 2025

The Andhra Pradesh government will begin construction of the Visakhapatnam Metro Rail Project in October 2025, with a double-decker model proposed to meet rising transport demands. A semi-ring road is also planned to improve connectivity, especially to the upcoming Bhogapuram Airport, with 15 of 22 approach roads already approved. In housing, INR 7,000 crore has been allocated to complete pending TIDCO homes, prioritizing women beneficiaries by Dasara. Under the AMRUT scheme, INR 834 crore is being invested in water supply projects. At a VMRDA review, key concerns like sanitation, water shortages, and infrastructure gaps were addressed, reflecting a holistic push for urban development.Read more

02 Jun 2025

Demand for data centres in Asia Pacific is soaring, driven by rapid AI adoption and growing reliance on cloud services, according to CBRE. Despite projections that data centre capacity will double in three years, the region may face a shortfall of 15-25 gigawatts by 2028 due to limited power infrastructure and a lack of AI-ready facilities. AI-focused data centres require over twice the power density of traditional centres, along with advanced cooling and low-latency networks. Investment remains strong-direct volumes reached USD 4.7 billion in 2024-with developers pursuing asset repurposing and new land acquisitions. Markets like Japan, Australia, Korea, and Singapore are key demand hubs. Investors are advised to focus on advanced, scalable assets through acquisitions and partnerships to capitalise on this growth. Innovation in data centre design will be critical as the region strives to meet rising AI and cloud computing needs.Read more

02 Jun 2025

Delhi's Indira Gandhi International Airport (IGIA) has been ranked among the top 10 hub airports in the Asia-Pacific and Middle East regions in ACI's Air Connectivity Ranking 2024. IGIA secured the 10th spot, with Dubai International Airport topping the list, followed by airports in Shanghai, Doha, Seoul, Guangzhou, Beijing, Bangkok, Singapore, and Kuala Lumpur. The report noted a 14% year-on-year rise in air connectivity, driven by increased international travel and strong airline network recovery. IGIA, operated by Delhi International Airport Ltd (DIAL), now connects to 153 destinations-81 domestic and 72 international. The Hub Connectivity Index evaluates transfer efficiency and onward connectivity. The airport's growing network supports the Indian government's goal to position IGIA as a key global transit hub. This ranking highlights Delhi's expanding role in international aviation and its rising prominence in the global connectivity landscape.Read more

30 May 2025

The Bhubaneswar Development Authority (BDA) has launched Town Planning Schemes 5, 6, and 7 across 846 acres in Dasapur and Malipada as part of its vision for Bhubaneswar New City. A request for proposal has been issued to select a firm for design and implementation support. Public hearings have been held to ensure landowner involvement. These efforts follow the December rollout of 14 TP schemes in Zone IV. BDA plans 45 such schemes across four zones to streamline infrastructure development, including the inner ring road. Under the model, landowners retain 60% of their land post-development. The TP approach is now being replicated in other Odisha cities.Read more

30 May 2025

Assam is accelerating its urban development with three major projects: the Palasbari Satellite Township, the Jagiroad Integrated Township, and a Central Business District (CBD) in Guwahati. The Palasbari project spans 1,500 acres, featuring zones for deep tech, startups, and residential areas, with 20% green cover. The Jagiroad Township, near Tata's semiconductor plant, covers 461 acres, with plans for a 2,000-acre expansion, funded by a INR 1,000 crore Asian Development Bank loan. The Guwahati CBD aims to alleviate urban strain, offering over 10 million sq ft of commercial space and 60% open areas. Collectively, these projects are valued at USD 1 billion.Read more