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

Uttar Pradesh approves INR 56.86 crore to repair 387 rural roads in Prayagraj region

23 Feb 2026

The Uttar Pradesh government has approved an allocation of INR 56.86 crore for the renovation of 387 rural roads across four assembly constituencies in the Prayagraj region. Covering nearly 494.55 km, the project focuses on restoring village link roads that have not seen major repairs for several years. The works will be executed through the Public Works Department after completion of the tender process. Once contractors are appointed, construction is expected to be completed within four months, aiming to improve rural connectivity and daily mobility.Read more

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Reliance to invest USD 110 billion to build India's AI and data infrastructure

23 Feb 2026

Reliance Industries and Jio plan to invest USD 110 billion (around INR 10 trillion) over seven years to develop artificial intelligence infrastructure across India. The move aims to create domestic AI compute capacity, reduce costs, and expand AI services nationwide. Construction of multi-gigawatt data centers has started in Jamnagar, with the first 120-megawatt phase expected later this year. The project will use renewable energy, integrate with Jio's network, and establish edge computing for low-latency AI applications. This positions India to compete in global AI and technology development.Read more

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G R Infraprojects secures INR 1,897.51 crore rail construction order from West Central Railway

23 Feb 2026

G R Infraprojects Limited has received a railway construction contract valued at INR 1,897.51 crore from West Central Railway for works in Madhya Pradesh. The project is part of the Sidhi Singrauli new rail link and covers civil construction between Bahari and Gondawali stations. The scope includes earthwork, bridges, viaducts, tunnels, track laying and station buildings. The project will be executed on an EPC basis with a completion period of 900 days.Read more

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NHAI bars NCC and its subsidiary from bidding for two years over Uttar Pradesh highway dispute

23 Feb 2026

The National Highways Authority of India (NHAI) has barred NCC Limited and its step-down subsidiary, O B Infrastructure Limited, from participating in any NHAI tenders for two years. The action relates to disputes over a 2006 build-operate-transfer annuity project in Uttar Pradesh. NCC has said the order will not impact its existing projects or order book but will affect its ability to bid for new NHAI contracts during the restriction period. The company plans to challenge the debarment legally, while its shares fell sharply following the announcement.Read more

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Railway works worth INR 53,000 crore progress across Karnataka with focus on capacity and connectivity

23 Feb 2026

Railway infrastructure projects valued at nearly INR 53,000 crore are currently under execution across Karnataka, supported by a higher allocation in the latest Union Budget. The Centre has earmarked INR 7,748 crore for railway development in the state, with works spanning track expansion, station upgrades, new terminals and improved commuter access. The initiatives aim to ease congestion in key corridors around Bengaluru, enhance regional connectivity, and address long-pending local demands while strengthening the state's rail network to support future growth.Read more

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Growth in eight core infrastructure sectors eases to 4% in January amid weaker energy output

23 Feb 2026

Growth in India's eight core infrastructure sectors moderated to 4% in January, reflecting a slowdown compared with both the same month last year and the preceding month, according to official data released earlier this week. The pace of expansion had stood at 5.1% in January of the previous year and 4.7% in December. The latest data shows that crude oil and natural gas production recorded negative growth during the month, weighing on overall performance. Cumulative growth for the April-January period of the current financial year also remained lower than last year, highlighting sustained pressure on key industrial segments. The eight core sectors, which account for a significant share of the Index of Industrial Production, are widely tracked as a barometer of broader economic and infrastructure activity.Read more

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Mumbai launches integrated digital platform to transform urban transportation

23 Feb 2026

Mumbai has launched the Mumbai Transport Stack, a digital platform designed to connect all modes of transport, including metro, bus, and rail, under one integrated system. Developed by MMRDA in partnership with JICA and supported by JICA Dx Lab, the platform follows the principles of open-source design, privacy, security, and future scalability. It will enable real-time tracking, trip planning, end-to-end ticket booking, and access to parking information, while also providing open APIs for startups and innovators. The system aims to enhance urban planning, improve travel reliability, and create a seamless commuting experience for residents.Read more

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Gift City regulator asks dormant firms to give up licences to maintain active financial hub

23 Feb 2026

India's International Financial Services Centres Authority (IFSCA), which oversees the financial hub at GIFT City, has begun urging companies that remain inactive to voluntarily surrender their licences if they do not intend to start operations. This step is aimed at preventing the centre from becoming a registry of paper entities and reinforcing genuine business activity. Some dormant capital market firms have already been approached for licence surrender. The regulator continues to allow flexibility for firms facing legitimate operational delays, while insisting on real presence and activity at the IFSC.Read more

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MMRDA and contractors yet to submit report on Metro Line 4 slab collapse in Mulund

Mumbai News Desk

23 Feb 2026

A week after a parapet slab from an under-construction Metro Line 4 structure collapsed on LBS Marg in Mulund, killing one person and injuring three, the Mumbai Metropolitan Region Development Authority and its contractors are yet to submit a detailed incident report to the police. Investigators have told the court that the precast parapet was installed without proper concreting and safety precautions. Several officials from the contractor and consultant teams have been booked for alleged negligence, and the probe into construction practices is ongoing.Read more

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Metro line 4 beam near Shreyas Cinema found safe after inspection, excess slurry removed

23 Feb 2026

The Mumbai Metropolitan Region Development Authority has clarified concerns regarding a visible line on a beam near the proposed Shreyas Cinema Metro Station on Metro Line 4. After inspection, the project team confirmed that the mark was excess concrete slurry used during construction and not a structural crack. The surplus material was removed during the past week. Officials stated that no cracks were detected in the beam and that the structure remains safe, stable, and secure. Updated site photographs were also shared following the removal work.Read more

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Delhi clears INR 802 crore plan to redevelop 400 km of roads across 45 constituencies

Delhi News Desk

23 Feb 2026

The Delhi government has approved an INR 802.18 crore plan to redevelop nearly 400 km of roads across 45 Assembly constituencies. Around 241 major road stretches will be upgraded under a wall-to-wall carpeting model that focuses on full-width resurfacing instead of patch repairs. Of the total outlay, INR 643.36 crore will be funded through the Central Road Infrastructure Fund, while INR 158.82 crore will be borne by the Delhi government. The works are scheduled to be completed by the end of 2026 to improve durability, drainage and road safety.Read more

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India deploys first high-speed ferry under HICDP Phase III to strengthen Maldives island connectivity

23 Feb 2026

India has commissioned the first of twelve high-speed ferries for the Maldives under the High Impact Community Development Project (HICDP) Phase III framework. The vessel will operate under the Raajje Transport Link services between the Faafu and Dhaalu atolls, improving inter-island mobility and access to essential services. The broader programme is backed by a grant of MVR 100 million, approximately INR 55 crore, covering multiple ferry-related projects. The move builds on India's continued financial and infrastructure support to the Maldives under its regional cooperation initiatives.Read more

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Gurugram sets up dedicated road development cell to monitor projects and resolve complaints

Gurugram News Desk

23 Feb 2026

The Municipal Corporation of Gurugram (MCG) has formed a Road Development Cell (RDC) to strengthen supervision of road projects and improve grievance redressal. The cell will monitor all road works costing INR 25 lakh and above, review timelines and quality, and track financial progress. Headed by Municipal Commissioner Pradeep Dahiya, it includes senior officials and engineers. The RDC will also consolidate complaints received through various civic platforms and coordinate with agencies such as GMDA, HSVP and PWD to reduce delays and improve accountability.Read more

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YEIDA moves proposal for Japan City and Singapore City along Yamuna Expressway

23 Feb 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has submitted a formal proposal to the Uttar Pradesh government for the development of Japan City and Singapore City along the Yamuna Expressway corridor. The proposal, sent earlier this week, confirms that land parcels have been identified and acquisition plans prepared within YEIDA's jurisdiction. The initiative follows preparations linked to Chief Minister Yogi Adityanath's proposed official visit to Japan and Singapore, after which the authority was asked to earmark suitable land for the two projects. Sectors 5A and 7 in Greater Noida have been identified for the developments, each spanning around 500 acres. Both sectors are designated as multi-purpose industrial zones, with a majority of land reserved for industrial use, and are proposed to be developed as integrated industrial townships.Read more

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J&K rolls out phased road widening and corridor upgrades in downtown Srinagar to ease traffic pressure

23 Feb 2026

The Jammu and Kashmir administration has initiated phased road upgrades and corridor widening works across key stretches in downtown Srinagar to address traffic congestion and improve road capacity. Projects cover KZP Road, SMS Road, Devi Angan-Hawal Road and two major chowk corridors. Works include resurfacing, drainage correction, junction redesign and proposed widening up to 21 metres where feasible. Land acquisition, utility relocation and pending court cases remain challenges. Several components have secured funding approval, while surveys and DPR preparation are underway for others.Read more

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Centre reduces NHAI highway monetisation allocation to INR 12,357 crore from INR 15,000 crore

23 Feb 2026

The central government has allocated INR 12,357 crore to the National Highways Authority of India (NHAI) for highway monetisation in the current financial year, lower than the earlier budgeted and revised estimate of INR 15,000 crore. The authority has identified 24 highway stretches covering around 1,472 km for monetisation through models such as Toll-Operate-Transfer (TOT), Infrastructure Investment Trusts (InvITs), and securitisation. The reduction comes even as the ministry had set a higher internal target for asset monetisation, reflecting a calibrated approach to infrastructure funding and private participation.Read more

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Experts discuss AI-led disaster management at Bharat Mandapam

23 Feb 2026

Experts from government, technology and global agencies met at Bharat Mandapam, New Delhi, to discuss how artificial intelligence can transform disaster management. Hosted by SEEDS and UNDRR, the dialogue focused on shifting from reactive response to anticipatory, hyperlocal and scalable risk governance. Speakers highlighted AI-driven early warning systems, predictive models using weather and satellite data, and offline tools for low-connectivity regions. Discussions also stressed legal frameworks, institutional readiness and community participation to ensure effective adoption. With growing climate risks across India and South Asia, the session underscored the need for integrated, people-centred disaster resilience systems powered by AI innovation.Read more

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KNR Constructions secures INR 2,163 crore elevated corridor project on Chennai’s ECR

Chennai News Desk

23 Feb 2026

KNR Constructions Limited has secured a road infrastructure contract worth INR 2,163.07 crore for developing a four-lane elevated corridor on the East Coast Road in Chennai. The project, awarded under the Hybrid Annuity Mode, covers a key stretch between Thiruvanmiyur and Uthandi and aims to ease congestion on one of the city's busiest coastal routes. The work includes a defined construction period followed by an operation phase, while the final concession agreement remains subject to a court decision.Read more

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Median openings planned every 2–2.5 km on Bhor Ghat stretch to improve emergency response

23 Feb 2026

Authorities have decided to introduce additional median openings at intervals of 2 to 2.5 km along the 14-km Bhor Ghat section of the Pune-Mumbai Expressway after a tanker carrying highly flammable propylene gas overturned near the Adoshi Tunnel in the Khandala area earlier this week. The accident led to traffic disruption for over 32 hours. The Maharashtra State Road Development Corporation (MSRDC) and highway police have also proposed widening existing openings and appointing technical experts to manage hazardous material emergencies more efficiently.Read more

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Metro 4 subcontract cost rises 75 percent over 2018 bid, raising fresh scrutiny

23 Feb 2026

Construction costs for nearly 20 km of Mumbai Metro Line 4 have risen sharply, with the subcontractor now quoting around 75 percent more than the original 2018 bid secured by the main contractor. The value of three civil packages has increased to about INR 2,772.73 crore from INR 1,584 crore. The escalation follows years of delay, pandemic disruption, design changes and depot relocation. The issue has drawn attention amid a recent slab collapse incident that led to one death and injuries, prompting closer oversight of the project.Read more

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