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

BPTP awards INR 488 crore construction contract for Downtown 66 project in Gurugram to NCC Limited

Gurugram News Desk

11 Apr 2026

BPTP Limited has awarded a construction contract worth approximately INR 488 crore to NCC Limited for its residential project, Downtown 66, located in Sector 66, Gurugram. The contract covers civil structure and finishing works for a total built-up area of about 1,79,302 sq m, including residential towers and associated amenities. Positioned along Golf Course Extension Road, the development forms part of BPTP's ongoing portfolio in the city. The project has secured IGBC Platinum pre-certification and is being designed to meet higher seismic standards. Multiple global and domestic consultants have been engaged across architecture, engineering, and sustainability disciplines, reflecting a multi-stakeholder approach to execution.Read more

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Punjab speeds up INR 1,904 crore highway works in Ludhiana to ease connectivity

Ludhiana News Desk

11 Apr 2026

The Punjab government has accelerated highway projects worth INR 1,904 crore in Ludhiana, focusing on three key corridors Ludhiana Bathinda, Southern Bypass and Ludhiana Ropar. These projects are expected to form a ring road and improve connectivity to the upcoming Halwara airport. The state has pushed for faster land acquisition, timely compensation and removal of execution delays. Alongside construction, local issues such as drainage, congestion and road safety are also being addressed. The initiative aims to strengthen urban mobility and support industrial and regional movement in and around Ludhiana.Read more

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Centre slows push for centralised multi-sector InvIT model, continues focus on sector-specific asset monetisation

11 Apr 2026

The Union government has slowed its efforts to develop a centralised, multi-sector Infrastructure Investment Trust (InvIT) model, opting instead to continue with sector-specific InvIT structures for infrastructure asset monetisation. The shift follows concerns over regulatory clarity and governance frameworks required to pool assets across sectors and states. Policymakers and industry stakeholders have indicated that while a diversified InvIT platform remains a long-term objective, current conditions favour single-sector vehicles such as road-focused InvITs. The development comes amid ongoing efforts under the National Monetisation Pipeline to unlock value from public infrastructure assets, with the government prioritising operational feasibility and investor confidence in the near term.Read more

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Delhi to redevelop six flyovers with Ramayan-themed murals and green zones

Delhi News Desk

10 Apr 2026

The Delhi government has planned the redevelopment of spaces under six flyovers through public-private partnerships to improve usability and urban aesthetics. The project will introduce green zones, murals, seating areas, lighting, and sanitation upgrades. A Ramayan-themed mural at Mangi Setu is a key highlight. Companies including EaseMyTrip Foundation, Godrej Industries Group, and Dalmia Bharat Limited will execute the work under CSR initiatives. The plan focuses on converting unused spaces into safe, organised, and accessible public areas while improving overall infrastructure quality.Read more

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HPCL-Rajasthan refinery at Pachpadra set for inauguration, marking commissioning of INR 80,000 crore petrochemical complex

10 Apr 2026

Prime Minister Narendra Modi is scheduled to inaugurate the HPCL-Rajasthan refinery at Pachpadra later this month, bringing into operation a 9 MMTPA integrated refinery-cum-petrochemical complex developed at an estimated cost of around INR 80,000 crore. The project, implemented by HPCL Rajasthan Refinery Ltd, is a joint venture between Hindustan Petroleum Corporation Ltd and the Government of Rajasthan. Located in Balotra district, the facility includes petrochemical capacity of 2.4 MMTPA and is designed to process both domestic and imported crude. The refinery has evolved over more than a decade, undergoing cost revisions and policy changes, and is expected to support industrial development, employment generation and downstream sector growth across western Rajasthan.Read more

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Manori desalination plant clears CRZ stage, awaits final central approval

Mumbai News Desk

10 Apr 2026

Mumbai's proposed desalination plant at Manori has received conditional Coastal Regulation Zone clearance from the state authority and is now awaiting final approval from the central environment ministry. Planned by the BMC, the project will convert seawater into drinking water with an initial capacity of 200 MLD, expandable to 400 MLD. Estimated at around INR 11,166 crore, the project includes tunnels and distribution systems. While key approvals are in place, environmental safeguards and concerns raised by local fishing communities remain important before construction begins.Read more

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Premier Energies secures INR 2,577 crore solar orders, strengthens execution pipeline

10 Apr 2026

Premier Energies Ltd has secured orders worth INR 2,577 crore during the fourth quarter of FY26 for supplying 1,600 MW of solar cells and modules. The contracts, awarded by a mix of domestic independent power producers, module manufacturers and EPC contractors, are scheduled for execution across FY27 and FY28. The development reflects sustained demand in India's solar manufacturing segment and growing confidence in the company's integrated capabilities. The company is also expanding its manufacturing scale, with cell capacity expected to reach 10.6 GW and module capacity already increased to 11.1 GW.Read more

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NHAI to develop ‘Arogya Van’ plantations along highways, identifies 17 sites for first phase

10 Apr 2026

The National Highways Authority of India (NHAI) has announced an initiative to develop Arogya Van thematic plantations of medicinal trees across vacant land parcels along National Highways to enhance biodiversity and ecological resilience. In the first phase, 17 sites covering 62.8 hectares have been identified across multiple states including Madhya Pradesh, Maharashtra, Gujarat and Tamil Nadu. The programme will involve planting approximately 67,462 trees comprising 36 medicinal species such as neem, amla and jamun, selected based on agro-climatic suitability. Priority locations include areas near toll plazas, interchanges and wayside amenities to improve public visibility. The initiative is positioned as part of broader efforts to integrate environmental considerations into highway infrastructure development.Read more

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BMC reduces tree loss significantly in revised Malabar Hill reservoir plan

Mumbai News Desk

10 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has reduced the number of trees affected in the Malabar Hill reservoir project from 389 to 76 after revising its plan. The move follows strong opposition from residents and environmental groups over the impact on green cover near Hanging Gardens. The civic body has now adopted a phased repair approach for the ageing reservoir and proposed a 52 MLD alternative tank to maintain water supply during the work. While the revision addresses key concerns, residents continue to question the need for additional construction in the area.Read more

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BEML signs MoU with DMRC to jointly pursue metro rail projects in India and overseas markets

10 Apr 2026

BEML Ltd has entered into a memorandum of understanding with Delhi Metro Rail Corporation Ltd to collaborate on metro rail projects across domestic and international markets. The agreement, signed in the past week, establishes a framework for jointly identifying and executing metro infrastructure opportunities by combining BEML's rolling stock manufacturing capabilities with DMRC's expertise in project execution and operations. The partnership comes as BEML expands its global presence, following a recent overseas metro rolling stock order worth around USD 60 million in Africa. The collaboration also includes a focus on developing indigenous technologies such as propulsion systems and tunnel boring machines to support future urban transport projects.Read more

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