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

Ganesh Infraworld to launch INR 105 crore water and sewerage projects in J&K

Infrastructure firm Ganesh Infraworld is set to begin two major water and sewerage treatment projects worth INR 105.77 crore in Jammu & Kashmir later this year. The initiatives, focused on the Srinagar-Budgam region, aim to enhance water management and sewage systems under the government's broader modernisation programme. The company is currently awaiting final approvals before work commences in December.Read more

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Navi Mumbai Municipal Corporation collaborates with Project Mumbai and Mindspace REIT to drive a plastic-free city initiative

The Navi Mumbai Municipal Corporation (NMMC), in partnership with Project Mumbai and Mindspace REIT, has launched an innovative Navi Mumbai Plastic and E-Waste Recyclothon; to promote sustainable urban living. The initiative, involving over two lakh citizens across more than 200 locations, focuses on reducing plastic and e-waste through recycling and reuse. It aims to transform collected waste into usable public materials like benches, planters, and school supplies, while fostering behavioural change towards responsible waste management and advancing Navi Mumbai's vision of becoming a model sustainable city.Read more

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RVNL showcases engineering excellence at International Railway Expo 2025

Rail Vikas Nigam Limited (RVNL) has been at the forefront of India's railway modernisation, delivering technically advanced and sustainable projects that strengthen connectivity, improve logistics, and support economic growth. At the 16th International Railway Equipment Exhibition (IREE), RVNL showcased miniature models of key engineering achievements, including the Pamban Bridge, the cable-stayed bridge, and the Rishikesh-Karnaprayag Tunnel Boring Machine. With a focus on accelerated project execution, advanced construction technology, and sustainability, RVNL reinforces its role in driving Indian Railways vision of modern, safe, and environmentally responsible railway infrastructure across the country.Read more

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Saatvik Green Energy secures INR 689 crore in solar PV module orders

Saatvik Green Energy and its subsidiary have secured orders worth INR 689.47 crore for supplying high-efficiency solar PV modules, with part of the orders to be executed by November 2025 and the rest by mid-2026. The orders, received from multiple established IPPs and EPC developers across India, reinforce strong partner confidence. With a current module capacity of 3.8 GW, expansions in Haryana, and a new greenfield facility in Odisha, Saatvik is set to strengthen its presence in India's growing solar energy sector, addressing both utility-scale and commercial project demands.Read more

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Maharashtra to set up Quantum Corridor with US and Swedish firms

Maharashtra has partnered with US-based IONQ and Sweden's Scandian AB to launch a Quantum Corridor aimed at boosting the state's digital economy. The initiative focuses on artificial intelligence and quantum computing, positioning Maharashtra as a global technology hub. IONQ, known for its trapped-ion quantum computing technology, offers platforms like Amazon Braket, Microsoft Azure, and Google Cloud for industries such as pharmaceuticals, logistics, and finance. Scandian AB brings expertise in sustainable infrastructure using quantum-enhanced optimization and predictive analytics. The corridor is expected to create advanced tech jobs and accelerate innovation across sectors.Read more

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Puducherry gets major road upgrade with INR 2,000 cr projects inaugurated by Gadkari

Union Minister Shri Nitin Gadkari recently inaugurated and laid foundation stones for several key infrastructure projects in Puducherry, focusing on urban mobility and regional connectivity. The initiatives include an INR 436 crore elevated corridor, improvements to a 14-km stretch of the East Coast Road, and the 38-km four-lane Puducherry-Poondiankuppam section of National Highway 32, developed at INR 1,588 crore. Additionally, Gadkari dedicated three national highway projects worth over INR 2,000 crore. These projects aim to reduce travel time, boost economic activity, and enhance road safety across the region.Read more

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MahaMetro to earn revenue from green initiatives through carbon credits in Nagpur and Pune

Maharashtra Metro Rail Corporation Limited (MahaMetro) is planning to monetize its environmental efforts in the Nagpur and Pune metro projects by trading carbon credits. The corporation has floated a tender to hire a consultant who will quantify and document emissions reductions from initiatives like solar power use, regenerative braking, and a modal shift from road to rail transport. The consultant will manage the process from survey and carbon accounting to international registration under programs such as UN CDM, VERRA VCS, and India's emerging domestic carbon market, enabling verified carbon credits to generate revenue over a seven-year operational cycle.Read more

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Sipcot floats INR 89.9 crore tender for Tiruvallur Knowledge City infrastructure

The State Industries Promotion Corporation of Tamil Nadu (SIPCOT) has released a tender worth INR 89.9 crore for the development of roads, stormwater drains, culverts, and water and sanitation systems in Tiruvallur's Sengathakulam area. This forms part of the Knowledge City project, first announced in the 2022-23 state budget, aimed at fostering research and innovation. Tamil Nadu Industrial Development Corporation (TIDCO) is coordinating the project, including a 12.65-acre knowledge tower hosting labs, tech firms, and research institutions. The project anticipates completion within seven to eight months after the October 30 bid deadline.Read more

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Bhopal Metro nears operational launch as final safety inspections progress

Bhopal Metro is entering its final phase before starting public operations, with the Commissioner of Metro Rail Safety (CMRS) conducting final inspections on the priority corridor. The focus is on eight key stations linking Subhash Nagar Depot to AIIMS Bhopal. Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) has completed most infrastructure work and is now finalizing safety systems, passenger amenities, and aesthetic enhancements. Once the CMRS approvals are obtained, the metro is set to provide a modern, efficient urban transport option, enhancing connectivity across the city.Read more

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IRB InvIT fund raises INR 3,248 crore to expand highway assets and growth pipeline

IRB InvIT Fund, sponsored by IRB Infrastructure Developers Ltd, raised INR 3,248.43 crore through an institutional placement of units, marking its first fund-raising since the 2017 launch. Investors holding more than 5% of units, excluding the sponsor, include Anahera Investment Pte. Ltd., Kotak Mahindra Bank, and CIM Investment Fund ICAV. The proceeds will partly fund the acquisition of three BOT highway assets: Hapur-Moradabad, Kaithal-Rajasthan Border, and Kishangarh-Gulabpura, with the associated Private InvIT expected to receive around INR 4,905 crore. This infusion positions the fund to pursue additional highway projects worth over INR 15,000 crore, strengthening IRB Group's development pipeline.Read more

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Chennai One app to add monthly passes as commuters seek MTC staff support

The Chennai One mobility app, launched by the Chennai Unified Metropolitan Transport Authority (CUMTA), is preparing to include INR 1,000 and INR 2,000 monthly commuter passes to simplify travel across the city. Despite strong initial adoption, commuters have requested better training for MTC staff to assist with app usage. The app already consolidates buses, suburban trains, MRTS lines, and metro services, offering real-time tracking, UPI payments, and QR code validation. Future plans include student and senior citizen passes, women's free bus service, smart parking, and optimized routes for differently-abled passengers.Read more

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India aims for INR 80 lakh crore investment in maritime sector by 2047

India has set an ambitious goal to attract INR 80 lakh crore (approximately USD 1 trillion) in investments to its maritime sector by 2047. This initiative, part of the Maritime Amrit Kaal Vision, aims to position India among the top five shipbuilding nations globally. The strategy includes enhancing port infrastructure, expanding shipbuilding capabilities, and creating 1.5 crore jobs. The India Maritime Week (IMW) 2025, scheduled from late October in Mumbai, is expected to play a pivotal role in advancing these objectives.Read more

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Bombay High Court orders state to compensate victims of pothole and manhole accidents

The Bombay High Court has directed municipal corporations and state authorities to pay compensation for deaths and injuries caused by potholes and open manholes, highlighting citizens' right to safe roads. The court criticized authorities for repeated negligence and emphasized that compensation must be disbursed promptly, with strict accountability for officers and contractors responsible. Committees are to be formed to assess claims and monitor compliance. Compensation ranges from INR 50,000 to INR 6 lakh, with funds recoverable from contractors or, if unavailable, borne by the concerned authorities.Read more

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Delhi Metro seeks to expand renewable energy sourcing for its operations

The Delhi Metro Rail Corporation (DMRC) has invited bids from solar developers to supply 500 million units of renewable energy every year. The selected bidder will be responsible for setting up a grid-connected captive solar power plant with battery storage and supplying electricity under a 25-year power purchase agreement. The initiative is intended to enhance DMRC's renewable energy share to more than 60 per cent, covering its operational and upcoming network expansions.Read more

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Maharashtra to add 118 power lines and substations to boost renewable energy

Maharashtra plans to strengthen its electricity transmission network with 118 new power lines and an equal number of substations over five years. The first phase of seven lines has begun, designed to carry solar, wind, hydro, and battery-stored electricity across the state. MSETCL also intends to develop 1,000-MW battery storage projects at existing substations. With India aiming for 500 GW of non-fossil fuel-based capacity by 2030, Maharashtra's renewable energy regions like Marathwada and Solapur will play an important role. All projects will be implemented through tariff-based competitive bidding.Read more

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Bengaluru to reintroduce bus priority lanes on ORR under INR 400 crore B-Smile project

Bengaluru's Outer Ring Road (ORR) will undergo a major mobility upgrade under the INR 400 crore B-Smile (Bengaluru Smart Mobility Integration for Last-Mile Efficiency) project. The initiative will reintroduce dedicated bus priority lanes, first launched in 2019, along with pedestrian-friendly infrastructure, cycle tracks, and service roads. Designed to improve last-mile connectivity, the project integrates buses, Metro, cycling, and walking. By encouraging public transport use over private vehicles, it aims to reduce congestion in the IT corridor. Completion is expected by the end of 2025.Read more

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BEST seeks AAI approval for Santacruz depot redevelopment

The Brihanmumbai Electric Supply and Transport (BEST) Undertaking has moved to redevelop its Santacruz bus depot and staff quarters by inviting applications to appoint a consultant for obtaining a No Objection Certificate (NOC) from the Airports Authority of India (AAI). The site, spanning over 13,000 sqm, lies within the Juhu airport funnel zone, where building heights are strictly regulated. Citizen groups have expressed concerns that redevelopment could reduce bus parking space and signal privatization, referencing earlier depot handovers at Mahim and Kurla. BEST maintains that the project will comply with all regulatory procedures.Read more

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Nagpur Smart City Board approves plan to expand and upgrade CCTV network

The Nagpur Smart and Sustainable City Development Corporation Limited (NSSCDCL) has approved the preparation of a Detailed Project Report (DPR) to enhance the city's CCTV surveillance system. The plan aims to identify areas with limited coverage, repair defunct cameras, and integrate new high-resolution cameras in key intersections, public spaces, and sensitive zones. With 3,686 cameras already installed under the Smart City initiative, many have stopped working due to poor maintenance. Kerala State Electronics Development Corporation Limited (Keltron) has been tasked with a five-year maintenance plan costing INR 70 crore.Read more

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APM Terminals Pipavav launches dedicated block train to support solar energy project in Jaipur

APM Terminals Pipavav has started a dedicated block train carrying 90 twenty-foot general-purpose containers from Pipavav Port to the Inland Container Depot at Kanakpura, Jaipur. This operation supports a major solar energy project in Rajasthan. The cargo, shipped from Malaysia on the vessel ONE MARVEL (V-0079W), was transported efficiently in a single train movement. The end-to-end logistics were coordinated with Ocean Network Express (India) Pvt Ltd, Fast Forward Logistics India Pvt Ltd, Seven Seas Lines SDN BHD, and CONCOR, highlighting the effectiveness of multimodal transport.Read more

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Uttar Pradesh CM outlines plan for new urban redevelopment policy to rejuvenate cities

Uttar Pradesh Chief Minister Shri Yogi Adityanath has announced a comprehensive urban redevelopment policy aimed at revitalizing the state's cities. The policy focuses on transforming outdated structures and underutilized areas into modern urban spaces equipped with essential infrastructure and public amenities. Emphasizing a balance between development and environmental sustainability, the initiative seeks to integrate private sector participation through clear guidelines and incentives. The approach prioritizes public interest, ensuring that redevelopment efforts do not adversely affect the livelihoods of affected families.Read more

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