22 Apr 2026

Rahee Group is planning to invest up to INR 600 crore over the next three years to expand manufacturing capacity and strengthen its infrastructure capabilities. The investment includes a INR 200 crore foundry in Odisha through its subsidiary Rahee Track Technologies Ltd, alongside annual capex of INR 60–70 crore by Rahee Infratech Ltd. An additional INR 100 crore will be deployed in Pandrol Rahee Technologies to enhance product lines. The group is also exploring export opportunities and may consider an IPO over the next few years, while targeting standalone revenues of INR 2,000 crore amid rising demand from rail and metro infrastructure expansion.Read more

22 Apr 2026

Sterling and Wilson Renewable Energy Ltd secured new engineering, procurement and construction (EPC) orders worth over INR 3,550 crore, including a major solar project from Coal India Ltd. The largest contract involves an 875 MW solar PV project in Bikaner, Rajasthan, valued at around INR 3,490 crore, including operations and maintenance. The company also received a 50 MW project order in Maharashtra from a private independent power producer. With these additions, SWREL’s EPC order inflows for FY26 have crossed INR 10,062 crore, surpassing its initial annual targets and reflecting strong momentum in utility-scale renewable project execution.Read more

22 Apr 2026

National Bank for Financing Infrastructure and Development has entered into a memorandum of agreement with Projects Development Company of Rajasthan Limited to strengthen advisory and financing support for infrastructure projects across states and urban local bodies. The partnership focuses on transaction structuring, technical and commercial due diligence, and facilitating financial closure for projects. The collaboration is aimed at improving project preparation quality, accelerating execution timelines, and mobilising institutional capital more efficiently. It also seeks to address long-standing gaps in end-to-end professional support for infrastructure financing, particularly at the state level. The agreement reflects a broader push to enhance structured financing mechanisms and support sustainable infrastructure development across India’s urban and regional ecosystems.Read more

22 Apr 2026

The Lucknow Kanpur Expressway has introduced a flat toll of INR 275 for cars, with a return journey within 24 hours priced at INR 475. An annual pass costing INR 3,075 has also been launched, allowing up to 200 trips and lowering the effective per-trip cost for regular commuters. The access-controlled corridor is expected to reduce travel time between the two cities to under an hour and ease congestion on the existing highway. The pricing structure is aimed at balancing commuter convenience with operational costs while promoting smoother traffic flow.Read more

22 Apr 2026

Owners of industrial plots converted for commercial use in Chandigarh have sought an increase in permissible floor area ratio (FAR) and revisions to building norms, citing concerns over economic viability. The association representing these owners has urged the administration to raise FAR from the current 2.0 to at least 2.5 and relax height restrictions. Around 125 plot owners had converted their properties under a 2005 policy, contributing nearly INR 1,200 crore in charges. However, stakeholders argue that existing development constraints, including mandatory infrastructure provisions, reduce usable space and limit returns. The demand comes amid broader policy discussions on FAR enhancements for industrial areas in the city.Read more

Hyderabad News Desk

21 Apr 2026

Hyderabad is planning a ropeway project to connect Golconda Fort and the Qutb Shahi Tombs to improve tourist movement and reduce road congestion. The proposed 1.3-km stretch is part of efforts to strengthen heritage infrastructure and offer an alternative travel option. Authorities are exploring a public-private partnership model, with feasibility studies underway. The project is expected to improve accessibility between the two monuments, which currently rely on road connectivity, while also supporting tourism growth and better visitor management in the area.Read more

21 Apr 2026

HDFC Bank, through its CSR initiative Parivartan, has built and restored over 15,289 water structures across more than 10,430 villages, supporting around 14.92 lakh households nationwide. The programme has also enabled access to safe drinking water in over 950 villages through community purification systems. The initiative spans farm ponds, check dams, rainwater harvesting systems, and decentralised distribution infrastructure, alongside irrigation support for farming communities. Combined with agricultural interventions and community-led planning, the programme aims to improve water access, enhance irrigation coverage, and support rural livelihoods through sustainable resource management.Read more

21 Apr 2026

The 23rd CREDAI MCHI Thane Property Expo concluded recently with strong participation, drawing over 20,000 visitors and recording 234 on-the-spot bookings. The three-day event showcased more than 100 RERA-approved projects across segments and price ranges, with the INR 55 lakh to INR 2.25 crore bracket seeing the highest demand. Key micro-markets such as Ghodbunder Road, Kolshet, Pokhran and Majiwada remained in focus. Banks sanctioned home loans worth INR 398 crore during the event. Developers also reported steady NRI and investor interest, supported by ongoing infrastructure developments across Thane.Read more

21 Apr 2026

State-owned NTPC stated that its subsidiary NGEL, through its group firm, would commence commercial power supply of 150 MW from a 300 MW solar project in Rajasthan in the coming days. The project is owned by Project Sixteen Renewable Power Private Ltd, a step-down subsidiary of ONGC NTPC Green Private Ltd. Following the commissioning, NGEL group capacity is expected to rise to 10,276.40 MW, while NTPC's overall installed capacity will reach 89,528 MW, with commercial capacity at 88,448 MW. The development reflects ongoing capacity additions within NTPC's renewable energy portfolio.Read more

21 Apr 2026

The Nagpur-Mumbai Samruddhi Expressway recorded toll collections of INR 1,240.04 crore in FY26, with 1.55 crore vehicles using the corridor, marking a year-on-year increase of nearly INR 500 crore. The 701 km access-controlled expressway has seen steady traffic growth since its phased opening, crossing one crore vehicles in FY25. Cumulative usage has reached 3.44 crore vehicles, generating INR 2,660 crore in toll revenue to date. The sharp rise in collections reflects increasing traffic volumes across the corridor, which connects key districts in Maharashtra and serves as a major intra-state logistics and passenger movement route.Read more