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

Delhi government to carry out night-time construction to reduce traffic congestion

The Delhi government has announced that major infrastructure projects will now be executed at night to reduce daytime traffic disruptions. Key projects include the second Ring Road, a new secretariat complex, and a proposed INR 7,000-8,000 crore elevated corridor extending 80 km above the existing Ring Road. To ensure timely completion, the government plans a fast-track approach, awarding contracts even during demolition work, and offering financial incentives for early project completion. Challenges such as labor availability, noise pollution, and worker safety are being addressed with a detailed SOP, while environmental concerns like dust control are also being managed.Read more

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Megha Engineering wins USD 225.5 million contract in Kuwait for gas facility

Hyderabad-based Megha Engineering & Infrastructures (MEIL) has secured a USD 225.5 million contract from Kuwait Oil Company (KOC) to build, operate, and manage a gas sweetening and sulphur recovery facility in Kuwait. The project will handle sour gas at around 120 million standard cubic feet per day, with completion in 790 days and a subsequent five-year operation and maintenance period. KOC also holds an option to buy back the facility. The order reflects MEIL's ongoing efforts to expand its footprint in the Middle East, complementing its past international projects.Read more

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Kerala plans mixed-use township for Infopark's Irumpanam campus

Kerala Chief Minister Shri Pinarayi Vijayan announced that Infopark's Phase IV campus in Irumpanam will follow a mixed-use township model, offering five million square feet of IT space. The development is expected to generate 50,000 direct IT jobs and attract investments of INR 3,000 crore. The state government has transferred 33.5 acres from Traco Cable Company for INR 200 crore. Strategically located next to the existing campus, the site benefits from Kakkanad Water Metro, Kochi Metro, and the Seaport-Airport four-lane road, enhancing Kochi's IT and industrial ecosystem.Read more

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MMRDA to cut 320 trees, transplant 386, and plant 4,175 new trees for Mumbai project

The Mumbai Metropolitan Region Development Authority (MMRDA) has obtained approval to cut 320 trees and transplant 386 for a new infrastructure project along the Vikhroli-Ghatkopar stretch. As compensation, 4,175 new trees will be planted in the area, focusing on native and pollution-resistant species. The project also aims to retain 949 existing trees and preserve 127 Pink Trumpet trees. While MMRDA highlights careful planning and scientific transplantation methods, local residents and environmental groups remain concerned about the ecological impact of cutting mature trees and whether compensatory planting can match their environmental benefits.Read more

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Vietnam-Malaysia-Singapore offshore wind project to deliver first phase by 2034

Malaysia's Energy Minister confirmed that the 2,000-MW offshore wind project connecting Vietnam, Malaysia, and Singapore aims to finish its first phase by 2034. The first phase will provide 700 MW for Malaysia's domestic use and export 1,300 MW to Singapore. The second phase will extend transmission lines from Vietnam to Peninsular Malaysia through Cambodia, Laos, and Thailand, but will be considered after evaluating energy needs and economic feasibility. The project reflects regional cooperation to expand renewable energy, strengthen cross-border electricity trade, and support Southeast Asia's growing power demand.Read more

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Tambaram-Chengalpattu to get fourth railway line under INR 757 crore project

The Ministry of Railways has approved a INR 757.18 crore project to construct a fourth railway line between Tambaram and Chengalpattu in Tamil Nadu. The existing three-line stretch, part of the Chennai Beach-Villupuram-Tiruchirappalli-Kanyakumari corridor, operates at 87% capacity, expected to rise to 136%. The new line will improve suburban train services, support growing freight traffic of 1.344 million tonnes annually, and generate additional revenue of INR 157 crore. The project aligns with the PM-Gati Shakti 'Energy, Mineral and Cement Corridor' to enhance connectivity and operational efficiency.Read more

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NHAI opens crossover traffic at Ranenagar underpass; ramps expected by month-end

The National Highways Authority of India (NHAI) has opened crossover traffic at the Ranenagar underpass in Nashik to ease congestion. The underpass, linking Ambad and Ranenagar, had been closed since July for expansion, which includes two additional lanes on each side. Commuters had to take a detour of 1.5-2 km during closure. The construction of connecting ramps is in progress, expected to be completed by the end of November. Upon completion, the underpass will improve traffic flow for both commercial and residential areas.Read more

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POWERGRID acquires INR 3,375 crore projects to boost inter-regional connectivity

Power Grid Corporation of India (POWERGRID), a government-owned transmission utility, has acquired two major projects worth INR 3,375 crore to expand and strengthen the country's power transmission network. The new projects Vindhyachal Varanasi Transmission Limited and SR WR Power Transmission Limited were secured through tariff-based competitive bidding. These projects aim to ease congestion in existing transmission corridors, enhance grid reliability, and improve renewable energy transfer across regions while also supporting power evacuation from future pumped storage projects across India.Read more

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Sikkim government urges NHIDCL to prevent sudden closures of NH-10

The Sikkim government has raised concerns over frequent, unannounced closures of National Highway 10 (NH-10), the main route connecting the state to the rest of India. Authorities say even minor maintenance works often result in full-day closures without prior intimation, disrupting tourism and local transport. The state has urged NHIDCL for better coordination, advance notifications, and improved communication. Officials also suggested real-time updates via a digital platform, clearly marked diversion routes, and proper signage to ensure smoother movement for tourists and residents.Read more

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Konkan Railway to expand car Ro-Ro service to three more stations

Konkan Railway Corporation Ltd (KRCL) is set to extend its car Roll-on Roll-off (Ro-Ro) service along the Mumbai-Konkan route by introducing dedicated ramps and infrastructure at Sawantwadi Road, Ratnagiri, and Sangameshwar stations. The service, first launched this year, has been well-received by motorists seeking a faster alternative to the congested Mumbai-Goa highway. KRCL plans to enhance operational efficiency through infrastructure upgrades and aims to make the service a regular option during festivals and peak travel periods, while also managing its debt and strengthening finances.Read more

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Kochi canal rejuvenation project gains momentum with international support

The Kochi Canal Rejuvenation Project, led by the Kochi Corporation with support from the United Nations Environment Programme (UNEP) and ICLEI South Asia, is advancing steadily with international backing. Renovation has begun on the Pandarachira Canal, with the Detailed Project Report funded at INR 4 crore and additional grants expected to exceed INR 10 crore. Bechtel will support the next phase before upcoming elections. The project aims to restore all city canals over five years, integrating clean water, sewage systems, flood management, mosquito control, tourism promotion, and improved connectivity.Read more

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Mizoram partners with IPE Global to develop Thenzawl Peace City

The Chief Minister of Mizoram recently met representatives from IPE Global to initiate the process of developing the state's first planned city. The proposed township, known as Thenzawl Peace City, will be built in the Serchhip district and is envisioned as a sustainable, tourism-oriented and well-organised urban settlement. During the meeting, the Chief Minister emphasised the need for meticulous planning and high-quality execution, while IPE Global committed to setting up a local office and commencing work on the project's master plan shortly.Read more

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Mumbai Metro Line 3 launches feeder bus services with Cityflo to improve connectivity

The Mumbai Metro Rail Corporation (MMRC) has partnered with Cityflo to introduce dedicated feeder bus services for Metro Line 3, enhancing first and last-mile connectivity. The services currently operate from Bandra-Kurla Complex (BKC) and Worli, linking key business and residential hubs such as NSE, Jio Garden, Kamala Mills, and One Indiabulls Centre. Plans are underway to extend routes to Chhatrapati Shivaji Maharaj Terminus (CSMT). Buses run every 10 minutes during peak hours with affordable fares and digital ticketing through Cityflo and MetroConnect3 apps, ensuring smooth, convenient travel for daily commuters.Read more

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Nashik Municipal Corporation secures INR 750 crore World Bank loan to upgrade sewerage network

The Nashik Municipal Corporation (NMC) has obtained a INR 750 crore loan from the World Bank to strengthen the city's sewerage infrastructure. The project will involve laying over 200 km of new sewer lines and replacing old ones across six municipal divisions, including Pachavati, Cidco, Nashik Road, and Satpur. Currently, the city manages around 323.3 million litres of sewage per day through 1,600 km of existing networks. The initiative also aligns with the AMRUT scheme, under which the government contributes 50% of the funding, while the remaining comes from the civic body.Read more

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NHAI to deploy network survey vehicles across multiple states for highway data collection

The National Highways Authority of India (NHAI) announced its plan to deploy Network Survey Vehicles (NSVs) across 23 states covering over 20,000 kilometres of National Highways. The initiative, aimed at improving commuter experience, will involve systematic data collection, processing and analysis of road inventory and pavement conditions. The survey data will be uploaded to NHAI's AI-driven portal for evaluation and maintenance planning, ensuring better highway upkeep and future asset management.Read more

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Mumbai Metropolitan Region set for massive economic and infrastructural growth by 2047

The Mumbai Metropolitan Region is projected to become a leading global urban economy by 2047, with GDP estimated at USD 1.2-1.5 trillion and population reaching 3.6-3.8 crore. The masterplan prioritizes sustainable and inclusive growth through infrastructure, job creation, and economic diversification. Key projects include metro expansion, ports, highways, financial districts, and urban redevelopment. Employment, especially for youth and women, is expected to rise significantly. Private investments, environmental initiatives, and sectoral reforms are central to achieving targets, positioning MMR alongside global hubs like Tokyo, London, and Singapore.Read more

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UDAN scheme to continue beyond 2027, expansion to add new regional destinations

The government has confirmed that the UDAN regional air connectivity scheme will continue beyond April 2027, after successfully operationalising 649 routes connecting 93 unserved and underserved airports, including 15 heliports and 2 water aerodromes. Over 1.56 crore passengers have travelled on more than 3.23 lakh flights under the scheme. Airlines have received over INR 4,300 crore in Viability Gap Funding, while INR 4,638 crore has been invested in airport development. The expanded UDAN framework will focus on hilly, North Eastern, and aspirational regions, adding about 120 new destinations.Read more

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Rajasthan to get its first electric bus manufacturing plant in Kotputli-Behror

Rajasthan has allotted 65 acres in Kotputli-Behror to PMI Electro Mobility Solutions for the state's first electric bus manufacturing plant, with an initial investment of INR 1,200 crore. The facility will produce e-buses, bus bodies, motors, batteries, wire harnesses, and other components. The project, supported by RIICO and the state government, is expected to generate direct and indirect employment, strengthen local supply chains, and boost industrial development while advancing green energy and the Make in India initiative.Read more

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India's key infrastructure sectors report moderate growth in September

India's eight core infrastructure sectors grew by 3% in September, slowing from 6.5 % in the previous month but remaining above last year's 2.4 per cent. In the first half of the fiscal year, growth across these sectors was 2.9 %, lower than the 4.3 % recorded the same period last year. Sectors like power, steel, cement, and transport faced supply chain and demand challenges, while experts highlighted the need for targeted investment and policy support to sustain momentum and strengthen industrial output.Read more

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NTPC Green Energy commissions 12.5 MW solar project, raising total capacity

NTPC Green Energy, a subsidiary of India's largest power generator NTPC, has commissioned 12.5 MW of solar capacity, bringing the group's total installed and operational capacity to 83,906 MW. The commercial operation date for this capacity is effective from mid-October. The company operates under the Ministry of Power and has been steadily expanding its renewable energy footprint. This addition highlights NTPC's ongoing efforts to strengthen its solar energy portfolio while maintaining its position as a leading power generator in India, contributing to both energy security and renewable energy growth.Read more

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