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%

Infrastructure

Gujarat speeds up road repairs after heavy monsoon damage across the state

15 Jul 2025

The Gujarat government has intensified road repair and patchwork efforts following heavy monsoon rains that severely impacted infrastructure across the state. Under the direction of Chief Minister Shri Bhupendra Patel, the Roads and Buildings Department is prioritising quick restoration of roads to avoid public inconvenience. So far, over 50% of both minor and major patchwork has been completed, with more than 62% of pothole-filling works also accomplished. With more than 183 roads affected by diversions, structural repairs and traffic restoration efforts are underway in multiple areas.Read more

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Reliance Infrastructure's credit rating upgraded after six-year stagnation as debt hits zero

15 Jul 2025

Reliance Infrastructure has secured a credit rating upgrade from India Ratings and Research, marking a three-notch improvement from 'IND D' to 'IND B / Stable / IND A4'. This development follows the company's extensive deleveraging, resulting in net zero debt with banks and financial institutions. Ind-Ra also withdrew earlier proposed ratings on fund-based and non-fund-based limits that were never availed. The company has ensured timely standalone debt servicing and completed one-time settlements for guaranteed debts via strategic capital infusion through warrant issues.Read more

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India's first offshore airport to begin construction in 2026 near Vadhvan port

15 Jul 2025

Maharashtra Chief Minister Shri Devendra Fadnavis recently announced that construction of India's first offshore airport, the Vadhvan Airport near Mumbai, is expected to begin in 2026. The state has already appointed an agency to prepare the detailed project report. This would be the third airport in the Mumbai Metropolitan Region after the existing Mumbai airport and the upcoming Navi Mumbai airport. Fadnavis also shared progress on the Purandar airport near Pune and plans to expand aviation infrastructure across the state's districts.Read more

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Madhya Pradesh unveils INR 30,000 crore investment blueprint

15 Jul 2025

Madhya Pradesh has laid out a comprehensive investment roadmap worth INR 30,000 crore aimed at transforming urban development across the state. The investment proposals, announced during the 'Madhya Pradesh Growth Conclave' in Indore, span both public and private sectors and are expected to generate employment for over 14,000 individuals. Key announcements included new infrastructure and housing projects, with the state also committing to administrative flexibility and faster project approvals to attract investors.Read more

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Delhi Infrastructure: 989 MCD buildings to go solar under partnership with NTPC NVVN

15 Jul 2025

The Municipal Corporation of Delhi (MCD) plans to install rooftop solar power plants on 989 of its buildings, aiming to reduce reliance on conventional power and lower electricity costs. This project could yield 10-15 MW capacity. Executed in collaboration with NTPC Vidyut Vyapar Nigam Limited (NVVN) under the RESCO model, NVVN will cover installation and maintenance, reimbursed through a fixed tariff. This initiative supports India's clean energy goals, aligning with national targets for non-fossil fuel capacity by 2030, and builds on MCD's existing 13.25 MWp solar capacity.Read more

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Siemens to deploy CBTC signalling across 32 stations for Nagpur Metro Phase 2

14 Jul 2025

Siemens has secured two significant contracts from Maharashtra Metro Rail Corporation Ltd (MAHA-METRO), valued at approximately INR 773 crore, to provide cutting-edge signalling and telecommunication systems for the Nagpur Metro Rail Project Phase 2. Spanning a network of 43.8 kilometres with 32 stations, the orders cover the design to commissioning of Communication-Based Train Control (CBTC) and advanced telecommunication systems. The project execution timeline is set at 42 months and aims to enhance safety, efficiency, and passenger experience while supporting Nagpur's urban mobility goals.Read more

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Karnataka legislators visit Gujarat to study town planning models

14 Jul 2025

A team of Karnataka legislators and officials is on a two-day tour in Gujarat to study its town planning schemes. The visit aims to gather information on growth and infrastructure development, intending to implement similar initiatives in Karnataka. They plan a pilot project in Hubballi-Dharwad, focusing on developing essential infrastructure on 200-500 acres. This inter-state learning highlights efforts to create effective urban planning schemes in partnership with farmers and locals, adapting successful models for Karnataka's urban growth.Read more

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BMC begins Coastal Road Phase 2 work on 1.2 km Goregaon stretch

14 Jul 2025

The Brihanmumbai Municipal Corporation (BMC) has started work on a 1.2 km stretch of the Coastal Road Project's second phase in Goregaon, Mumbai. This section lies outside the Coastal Regulation Zone (CRZ). The north phase of the project, connecting Versova to Bhayandar, encompasses elevated roads and twin tunnels, with most of its area within CRZ limits. The BMC recently received Stage 1 approvals for mangrove diversion and will now approach the High Court for working permissions before final environmental clearances.Read more

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BMC to start work on long-delayed Goregaon-Andheri bridge next month

14 Jul 2025

Work on the INR 694 crore Goregaon creek bridge, a 512-meter, 3+3 lane project, is expected to begin around August. Approved by BMC in 2022, the bridge will connect Andheri West and Goregaon West, offering an alternative to New Link Road. The project faced delays due to environmental clearances in CRZ areas and over 2,500 slum tenements in its path. Despite recent court approvals, a Slum Rehabilitation Authority (SRA) project needs to clear homes on the Goregaon side. Felling 31 mangroves is planned, with 444 new ones as compensation.Read more

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Kakinada SEZ to set up INR 1,310 crore desalination plant in Andhra Pradesh

13 Jul 2025

Kakinada SEZ Limited, an Auro Infra Realty subsidiary, is setting up a INR 1,310 crore, 3x50 MLD desalination plant in Kona Village, Kakinada District, Andhra Pradesh. An Expert Appraisal Committee (EAC) recommended Coastal Regulation Zone (CRZ) clearance on June 26. The plant will draw 380 MLD seawater and distribute product water to industries. Brine rejects of 230 MLD will go into the sea, but a condition requires developing a brine reuse prototype. This initiative aims to reduce freshwater load and groundwater tapping, with INR 10 crore for environmental mitigation.Read more

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