Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Asset class : Infrastructure

BMC floats INR 9.64 crore tender to finish missing Worli coastal promenade stretch

The Brihanmumbai Municipal Corporation (BMC) has issued a tender of about INR 9.64 crore to construct the 325-metre promenade stretch between Lotus Jetty and Baroda Palace. This portion could not be built earlier due to pending CRZ permission, which was granted around five months ago. The project includes an 8-metre-wide walkway, a 2-metre cycle track, landscape elements, tetrapod installation, and access for police and fire services. Once work begins, the construction is expected to take around six months, though administrative delays remain possible.Read more

cover photo

Thiruvananthapuram Airport redevelopment gathers pace with INR 600 crore works

The first phase of Thiruvananthapuram International Airport's redevelopment under Project Anantha is moving forward on schedule, backed by about INR 600 crore. The work focuses on airside upgrades such as drainage improvements, apron redevelopment, and new support buildings. Terminal 1 has already received its canopy and additional parking space. A separate INR 136.31 crore plan for a city-side commercial and hospitality hub is close to securing environmental clearance. Meanwhile, the expansion plan for Terminal 2 is being revised after regulatory delays and is currently under review.Read more

cover photo

Over 4,000 innovators on Railways' portal as zones list issues for fresh ideas

Indian Railways has asked all its zones to upload operational problems on the Innovation Portal so that startups, MSMEs, R&D institutes and individual innovators can work on practical solutions. The platform, created under the Startups for Railways programme launched in 2022, already has more than 4,043 registered participants. Several ideas submitted earlier such as smart track inspection systems, solar-powered coach rooftops, fire detection tools, broken-rail monitoring and safer shunting solutions have shown early progress. The new push aims to bring more clarity to problem statements and encourage wider participation across zones.Read more

cover photo

Odisha set to get Rameshwar-Paradip Coastal Highway with INR 8,300 crore approval

The Union Finance Ministry has approved INR 8,300 crore for Odisha's Rameshwar-Paradip coastal highway, with significant progress already made in land acquisition. The highway, stretching 346 km from Digha in West Bengal to Rameshwar in Khorda, will have a four-lane section up to Konark and two lanes beyond. Delays occurred due to previous alignment changes, while political concerns have been raised over lane reductions. Once Cabinet clearance is received, NHAI will issue construction tenders. The project is expected to boost regional connectivity and infrastructure development.Read more

cover photo

GE Aerospace announces fresh investment to expand capacity at its Pune facility

GE Aerospace has announced a new USD 14 million investment to increase capacity at its 10-year-old manufacturing facility in Pune. The fresh funding adds to the USD 30 million committed last year, taking the total investment for the site to USD 44 million within a short period. The company will focus on upgrading manufacturing processes, increasing automation, and strengthening capabilities for advanced engine components. The Pune unit supports engines such as GE90, GEnx, GE9X and LEAP, and is backed by more than 300 suppliers locally and over 2,200 across India. The facility has also built a strong talent base over the past decade.Read more

cover photo

SW Infrastructure to build USD 419 million deep-water mineral port in Oman

JSW Infrastructure has partnered with Minerals Development Oman (MDO) to develop a new 27 million tonne per annum greenfield port in Oman with an investment of USD 419 million (about INR 3,730 crore). The project will be executed through a new special purpose vehicle where JSW Overseas FZE will hold 51% and MDO will hold 49%. The port will be developed in the Dhofar Governorate and is planned to begin commercial operations in the first half of 2029. It is intended to support bulk exports of limestone, gypsum and dolomite from MDO's mineral concessions.Read more

cover photo

Tata Projects partners with ASI Global to build aircraft MRO and hangar facilities

Tata Projects Ltd has entered into a memorandum of understanding with Aircraft Support Industries (ASI Global) to jointly design and build aircraft maintenance-repair-overhaul and hangar facilities across India. The partnership brings together Tata Projects' EPC expertise and ASI Global's structural design and modular construction capabilities to offer turnkey aviation infrastructure solutions. The companies expect this collaboration to support India's growing aviation needs by delivering safe, efficient, and faster-to-deploy facilities. The move comes at a time when the country's expanding airline fleet is creating steady demand for modern MRO infrastructure.Read more

cover photo

Kolkata Metro Purple Line gains momentum after RVNL-Nepal consulate land swap

A key obstacle for Kolkata Metro's Purple Line has been resolved after Rail Vikas Nigam Limited (RVNL) and the Consulate General of Nepal signed a land-swap MoU. Around 410?sq m of consulate land will be exchanged for 526 sq m of Metro Railway land, enabling construction of a 450 metre ramp between Mominpur and Kidderpore. The agreement follows multiple discussions over three years involving both countries' ministries, Metro Railway, and RVNL. This deal allows vital underground works to progress smoothly while resolving legal and logistical issues linked to the consulate's previous property.Read more

cover photo

Solaria signs 15-year PPA to power Merlin's data centres with 445 MWp of solar energy

Solaria Energia y Medio Ambiente has signed a 15-year PPA with Merlin Properties to supply 445 MWp of solar power to Merlin's expanding data-centre portfolio in Spain. The deal supports Merlin's low-carbon energy goals while strengthening Solaria's position in the data-centre market. Solaria's extensive infrastructure-spanning solar plants, substations and distribution lines-allows it to offer fast grid access, a key advantage for energy-intensive data-centre operations. Recent grid-connection approvals have pushed Solaria's committed data-centre demand to over 1 GW. Merlin operates facilities in Spain and Portugal, and the agreement ensures long-term clean energy. The partnership aligns with Solaria's plan to scale its renewables pipeline to 14.3 GW by 2028, including wind and battery storage.Read more

cover photo

Railways to introduce premium food chains at stations through new catering category

Indian Railways has added a new category under its 2017 catering policy to allow premium single-brand food outlets such as McDonald's, KFC, Pizza Hut, Baskin-Robbins, Haldiram's, and Bikanerwala at railway stations. The decision aims to improve food options and strengthen non-fare revenue, which has remained around 3 percent of total income. Licences will be allotted through e-auctions for five years, with financial terms aligned with the current policy. The move comes as more than 1,200 stations are undergoing redevelopment, creating space for modern commercial facilities.Read more

cover photo

Servotech wins INR 74 crore rooftop solar project under PM Surya Ghar scheme

Servotech Renewable Power System has been awarded a rooftop solar project worth INR 74 crore under the PM Surya Ghar: Muft Bijli Yojana by NREDCAP. The project involves designing, supplying, installing, and maintaining rooftop solar systems for 5,886 SC and ST households through a utility-led aggregation model, including five years of O&M. The scheme is the world's largest domestic rooftop solar initiative and aims to provide solar power to one crore households by March 2027, marking a significant step in promoting inclusive clean energy across India.Read more

cover photo

HICL and Renewables Infrastructure to form UK's largest listed infrastructure firm

HICL Infrastructure and The Renewables Infrastructure Group are merging to form the UK's largest listed infrastructure company, valued at about 3.98 billion pounds (USD 5.2 billion). The merger combines HICL's broad infrastructure holdings with TRIG's 2.3-gigawatt renewable assets, creating a company with net assets exceeding 5.3 billion pounds. The deal includes a 350 million pound liquidity package, partial cash options, and share allocations of 56% to HICL and 44% to TRIG shareholders. Analysts view the merger positively, citing potential for higher returns, with completion expected in early 2026.Read more

cover photo

Delhi Metro to offer branding at 141 stations with 10-year licence terms

The Delhi Metro Rail Corporation (DMRC) is extending its co-branding programme to 141 stations across multiple metro lines, aiming to increase brand visibility and engagement with commuters. Companies winning the licence will need to submit detailed advertising plans, covering design, materials, and safety standards. The licences will run for 10 years with a minimum two-year lock-in and an optional five-year extension. Licensees will bear all maintenance, property charges, and applicable taxes. Currently, over 60 stations are co-branded, leaving around 150 still available for partnerships, including the upcoming Phase-IV corridors.Read more

cover photo

Maharashtra approves policy for iconic city development and large MHADA revamps

The Maharashtra government has approved two major urban-planning policies: a concept-based 'iconic city' policy for CIDCO and other agencies, and a large-scale redevelopment plan for older MHADA colonies. Through tenders, developers will build integrated residential townships or commercial districts on agency land under the first policy. Under the second, MHADA colonies of 20 acres or more many built in the 1950s-60s will be rebuilt with modern amenities, better infrastructure, larger homes, and environmental upgrades, overseen by a high-powered committee.Read more

cover photo

NHIDCL awards J Infratech INR 116 crore highway reconstruction project in Assam

J Infratech has been awarded an INR 116 crore contract by the National Highways & Infrastructure Development Corporation Ltd (NHIDCL) to reconstruct a 20.44 km stretch on the Jhanji-Demow section of the old NH?37 in Assam. The project covers the 514.36?km to 534.80?km markers and is expected to improve regional connectivity, enhance road safety, and facilitate smoother transport of goods and people. The company plans to complete the work in four months, adhering to engineering and safety standards, supporting NHIDCL's ongoing efforts to strengthen highway infrastructure in the northeast.Read more

cover photo

Fire destroys over 170 structures in Japan's Oita city as search continues

A massive fire in the Saganoseki district of Oita city in southern Japan destroyed more than 170 buildings and continued burning through the night. Over 175 residents moved to an emergency shelter after the fire began in the early evening earlier this week. One person remains missing, and officials have started an investigation into the cause. Aerial images showed homes reduced to debris, smoke across the hillside, and flames spreading toward nearby forested areas. Local authorities requested support, leading to the deployment of a military firefighting helicopter.Read more

cover photo

Noida launches trial run of 4.5-km Bhangel corridor after long construction delays

Noida Authority has begun trial runs on the 4.5-km Bhangel Elevated Road after pressure from a farmers' group demanding its immediate opening. The six-lane corridor runs parallel to the DSC Road, connecting the Aghapur petrol pump to the Noida Special Economic Zone, and is expected to ease traffic for several residential sectors and nearby villages. First proposed in 2012, the project faced long delays due to funding issues, design revisions and construction challenges. Its cost increased from INR 468 crore to about INR 608 crore. Earlier this year, the alignment was slightly modified after two unapproved buildings obstructed the original plan.Read more

cover photo

RITES signs MoU with APEDB to boost planning of key infrastructure projects

RITES Limited has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to provide comprehensive consultancy support across major infrastructure and industrial sectors. The agreement covers feasibility studies, detailed project reports, project management, bid management, and third-party inspection. It extends to transport, ports, waterways, power, water systems, buildings, and industrial infrastructure. The partnership is expected to strengthen project planning and execution while helping the state attract new investment and improve long-term development outcomes.Read more

cover photo

Allcargo Terminals to set up second container freight station in Chennai

Allcargo Terminals is planning a second container freight station (CFS) in Chennai, located in the Kattupalli-Ennore corridor, to manage growing logistics demand in the region. The company has extended its 30-acre land lease from Venkatesh Coke and Power Limited (VCPL) until September next year, paying an annual rent of INR 9 crore. The expansion complements Allcargo's existing 23-acre Chennai CFS, which handles over-dimensional cargo and operates 24/7. The new facility is expected to strengthen the company's presence in southern India and improve cargo handling efficiency.Read more

cover photo

Karnataka allocates INR 1 lakh crore for Bengaluru infrastructure upgrade

Karnataka's government has announced an infrastructure investment of over INR 1 lakh crore for Bengaluru to strengthen urban mobility, business, and technology infrastructure. Major initiatives include a 40?km twin tunnel project costing INR 42,500 crore, a 41 km double-decker metro at INR 18,000 crore, a 110 km elevated corridor for INR 15,000 crore, 320 km of buffer roads at INR 5,000 crore, a SkyDeck at INR 500 crore, and a 74 km Bengaluru Business Corridor for INR 27,000 crore. Plans also include a second airport, a new NRI Secretariat, and a 9,000 acre AI City near Bidadi.Read more

cover photo