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

Matrix Geo secures INR 3.07 crore drone-based monitoring contract for railway doubling project in Rajasthan and Gujarat

12 Apr 2026

Matrix Geo Solutions has secured a contract valued at approximately INR 3.07 crore from North Western Railway to deploy drone-based monitoring systems for a railway infrastructure project. Announced in the past week, the mandate covers the 271.97-km Luni Samdari Bhildi doubling corridor spanning parts of Rajasthan and Gujarat, with execution scheduled over 30 months. The company will use UAV-enabled aerial surveys and geo-tagged data capture to monitor construction progress across stages such as earthwork, track laying and bridge development. The initiative reflects increasing adoption of geospatial technologies in infrastructure execution, aimed at improving oversight, reducing reliance on manual inspections and enhancing coordination among project stakeholders.Read more

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Cabinet approves INR 40,175 crore investment in two hydropower projects in Arunachal Pradesh to add 2,920 MW capacity

12 Apr 2026

The Union Cabinet has approved an investment of INR 40,175.33 crore for the development of two major hydropower projects in Arunachal Pradesh, aimed at strengthening renewable energy capacity and regional infrastructure. Cleared in the past week by the Cabinet Committee on Economic Affairs, the projects include the 1,720 MW Kamala Hydro Electric Project and the 1,200 MW Kalai-II Hydro Electric Project, with a combined capacity of 2,920 MW. The Kamala project will be developed across multiple districts, while Kalai-II will be located on the Lohit river in Anjaw district. Both projects will be executed through joint ventures involving central public sector companies and the state government. The developments are expected to support grid stability, improve power availability and enable infrastructure expansion in the region.Read more

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Highway construction and project awards fall to seven-year low in FY26 amid tighter preconditions and reduced project pipeline

12 Apr 2026

India's highway construction and project award activity declined to a seven-year low in FY2025-26, reflecting a shift in execution strategy and a slowdown in the project pipeline. According to official data cited in the past week, total highway construction dropped below 10,000 km for the first time since 2019-20, while new project awards were limited to around 7,000 km. Authorities attributed the slowdown to stricter requirements around land acquisition, environmental and statutory clearances before project bidding. The approach is aimed at reducing delays and cost overruns that have affected earlier projects. While execution activity by agencies such as the National Highways Authority of India remained stable, the reduced flow of new contracts has begun to impact contractors and developers, leading to intensified bidding competition and potential pressure on future order books.Read more

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Short circuit leads to minor fire at Mumbai airport terminal 1, operations remain unaffected

Mumbai News Desk

12 Apr 2026

A fire incident took place at Chhatrapati Shivaji Maharaj International Airport's Terminal 1 in Mumbai during the evening of April 9 after a short circuit occurred in an electrical section of a three-storey structure near the 1-B Circle area. The fire was quickly detected and brought under control by the Mumbai Fire Brigade along with the airport's emergency response team. Authorities confirmed that the fire remained minor in nature, no casualties were reported, and flight operations were not affected. As a precaution, some electrical systems were briefly shut and safety checks were carried out.Read more

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Defence ministry to develop Adilabad airport with civil aviation support

12 Apr 2026

The Defence Ministry, along with civil aviation authorities and the Telangana government, is moving ahead with plans to develop the long-proposed Adilabad airport as a joint-use facility. The project will allow defence-related training operations to function alongside civilian flight services. A joint inspection of the 300-acre site is scheduled in the coming days, involving all key stakeholders. After the assessment, a detailed project report is expected to be prepared within a few months. The initiative is aimed at improving regional connectivity and supporting infrastructure growth in northern Telangana.Read more

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28 returnable plots allocated to farmers in Amaravati

12 Apr 2026

Under the Negotiated Partnership Scheme, 28 returnable residential plots were distributed to farmers displaced by road expansion in Amaravati's R-1 zone. The e-lottery, conducted at APCRDA headquarters, allocated plots to 29 farmers from Borupalem, Kuragallu, and Undavalli. Ten of these plots were assigned to residents of Kuragallu village who had homes on Cheruvu Poramboku land since December 2014, providing them both replacement land and compensation. Officials, including the Special Grade Deputy Collector, guided beneficiaries on registration and plot location assistance, ensuring proper implementation of the scheme.Read more

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World Bank and Asian Development Bank team completes successful visit to Amaravati

12 Apr 2026

A World Bank and Asian Development Bank team recently concluded a three-day visit to Amaravati to review the ongoing construction and development projects in the capital. Officials from APCRDA, led by Additional Commissioner A. Bhargava Teja IAS, presented progress updates and discussed issues such as investment promotion, disaster prevention, inclusive housing, water and wastewater management, road development, and social welfare program implementation. The visit involved detailed discussions with PMC staff and contract representatives, with the WB and ADB team providing recommendations to strengthen planning, governance, and infrastructure management in the capital.Read more

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Mumbai crosses 100 km metro network, moves ahead of Bengaluru

12 Apr 2026

Mumbai's metro network has crossed the 100 km mark after the addition of new stretches on Lines 9 and 2B, helping the city overtake Bengaluru to become India's second-largest metro network. The expansion has improved connectivity in Thane and eastern suburbs. Bengaluru now stands third with around 96 km, with delays in key lines affecting its pace of growth. While Mumbai has seen faster execution in recent years, Bengaluru continues to work on multiple upcoming corridors, which are expected to significantly expand its network over the next two years.Read more

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Uttar Pradesh moves ahead with eight data centre parks targeting INR 2 lakh crore investment

12 Apr 2026

The Uttar Pradesh government is progressing with plans to develop eight data centre parks across major cities, with expected investments of around INR 2 lakh crore. The projects are likely to generate over 50,000 direct jobs and strengthen digital infrastructure in the state. Land allocation has moved forward in key locations like Noida and Greater Noida, with some projects already under construction. Several domestic and global companies have shown interest, supported by policy incentives, power infrastructure planning and the state's focus on becoming a data centre and AI hub.Read more

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Dwarka Expressway records 200% price growth over a decade as infrastructure completion and policy support drive demand

12 Apr 2026

The Dwarka Expressway corridor in NCR has witnessed a sharp rise in property values, with prices increasing nearly threefold over the past decade, according to market data. Average residential rates have moved from around INR 4,900 per sq ft in 2016 to approximately INR 14,800 per sq ft in 2026, reflecting strong end-user demand and infrastructure-led growth. The operationalisation of the 29-km expressway in the past year, along with additional connectivity upgrades, has improved accessibility between Delhi and Gurugram. Government measures, including a 67% increase in circle rates and project approvals exceeding INR 86,500 crore in 2025, indicate sustained investment activity. The corridor has also recorded an absorption rate of over 97%, alongside ongoing development of social and urban infrastructure, strengthening its position as a key residential and mixed-use growth zone.Read more

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