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

India and ADB sign USD 126 million loan to strengthen Tehri Lake tourism and local development

India has secured a USD 126.42 million loan from the Asian Development Bank (ADB) to promote sustainable tourism and rural development in the Tehri Lake area of Uttarakhand. The project aims to improve infrastructure, sanitation, disaster preparedness, and climate resilience, benefiting over 87,000 residents and attracting around 2.7 million annual visitors. It includes support for women, youth, and small businesses, development of inclusive tourism facilities, and implementation of nature-based solutions to reduce flood and landslide risks. The initiative aligns with Uttarakhand's policy of boosting year-round tourism while ensuring community participation and resilience.Read more

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PM Modi launches INR 9,000 crore worth of rail, road and education projects in Mizoram

Prime Minister Shri Narendra Modi inaugurated and laid the foundation for multiple projects worth more than INR 9,000 crore in Mizoram, including the first railway line connecting Aizawl to India's national railway network. The Bairabi-Sairang rail line, covering 51.38 kilometres and built at a cost of about INR 8,070 crore, was the most significant among them. He also launched new train services, key road and bridge projects, educational institutions, an LPG bottling plant, and a sports facility. These developments are expected to enhance connectivity, improve public services, and open economic opportunities across the state.Read more

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ACME Solar secures INR 3,892 crore funding for 400 MW renewable project in Rajasthan

ACME Venus Urja, part of ACME Solar Holdings, has secured INR 3,892 crore from the State Bank of India to develop a 400 MW Firm and Dispatchable Renewable Energy project in Barmer, Rajasthan. Scheduled to be repaid over 19 years, the financing will support the installation of solar panels and a Battery Energy Storage System to maintain reliable power supply under a contract with NHPC at INR 4.64 per unit. This represents ACME's largest SBI funding and SBI's first investment in ACME's FDRE projects. The company has a 2,890 MW operational capacity across diverse renewable energy solutions.Read more

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Sarai Kale Khan RRTS station to open on Delhi-Meerut corridor September 17

The Sarai Kale Khan station on the Delhi-Meerut Regional Rapid Transit System is expected to be inaugurated on 17 September. It will become the capital's first fully integrated multimodal interchange hub, linking services like Metro, city buses, interstate buses, and Indian Railways. The station is 215 metres long, 50 metres wide and 15 metres high, and has been built with six platforms and four tracks. With trial runs complete, travel between Sarai Kale Khan and Meerut will take less than an hour. The project is part of the Make in India initiative and aims to increase public transport's share on this corridor.Read more

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Mumbai Metro Update: Line 2B Phase 1 gets final checks before opening to commuters

Mumbai is set to witness a major leap in urban mobility with Metro Line 2B, the east-west corridor, approaching a key milestone. Phase I, spanning Mandale to Chembur over 5.39 km, has entered the statutory safety approval stage. Authorities, including the Metropolitan Commissioner of MMRDA, have inspected the stretch and issued directives to ensure timely completion. Once certified, the line will enhance travel efficiency, reduce road congestion, and seamlessly integrate with other metro lines, monorail, and suburban rail networks, promising a transformative urban commuting experience.Read more

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L&T plans to exit Hyderabad Metro project, seeks govt takeover via SPV

L&T is planning to sell over 90 per cent of its Hyderabad Metro stake to the Telangana or Central Government through a new SPV due to ongoing operational and financial difficulties. Delays in government support, property acquisition, alignment changes, and COVID-19 impacts have increased losses and cost overruns. Revenues declined by 21 per cent in 2024-25, while losses rose 13 per cent. Previous claims against the state reached INR 5,000 crore. L&T has also stated that it cannot participate in the upcoming Phase II-A and II-B expansions due to these financial and operational challenges.Read more

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Serentica Renewables to scale capacity to 7.5 GW by 2027 with strong government project pipeline

Serentica Renewables, an independent power producer established in 2022, is preparing to expand its renewable capacity from 1 GW at present to 7.5 GW by late 2027. The plan includes 3 GW of government-backed projects, making up 40 per cent of its overall target. In the current financial year, the company has secured power purchase agreements and a Letter of Award totalling 650 MW with NTPC, SECI, NHPC, and SJVN. These projects will come up across Rajasthan, Maharashtra, Karnataka and Andhra Pradesh. Serentica also continues to work towards its 2030 goal of 17 GW with storage-linked clean energy solutions.Read more

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Pune Infrastructure: Four-lane Sadhu Vaswani Bridge to open for commuters by March 2026

The construction of the new Sadhu Vaswani Bridge in Pune's Koregaon Park area has reached around 50% completion, with the completion timeline now extended to March 2026. The delay is mainly due to the challenges of building over active railway tracks and rerouting essential utilities. Since the old bridge's demolition in 2024, commuters have faced long traffic diversions, affecting daily travel. The Pune Municipal Corporation (PMC) is working closely with railway authorities to manage disruptions and ensure the project progresses efficiently, while the new bridge aims to improve connectivity and ease congestion in the area.Read more

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Delhi Airport's upgraded Terminal 2 to handle 100 million passengers from late October

Delhi's Indira Gandhi International Airport is set to expand its capacity to 100 million passengers annually with the reopening of Terminal 2 in late October. Built 40 years ago, the terminal was closed for renovation earlier this year to upgrade facilities and improve passenger handling. From the night of October 25-26, around 120 daily domestic flights operated by Air India and Indigo will move to T2, while Terminals 1 and 3 continue operations. The airport, with four runways, currently handles about 1,400 flight movements each day.Read more

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Mumbai Metro News: Metro Line 11 from Wala to Gateway of India receives state approval

The Maharashtra government has cleared the INR 23,487 crore Metro Line 11 project, running 17.5 km from Wadala's Anik Bus Depot to SPM Circle near the Gateway of India, with 14 stations-13 underground. The project will be funded jointly by the state (INR 3,137 crore), the centre (INR 3,137 crore), Brihanmumbai Municipal Corporation (INR 2,411 crore) and Mumbai Port Authority (INR 804 crore), with a 60% loan from financial institutions. The fare slab is fixed between INR 10 and INR 70, rising by INR 10 every three stations, and the line aims to ease traffic congestion and integrate with other metro lines.Read more

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Elphinstone Bridge to be closed for demolition and reconstruction, new double-decker structure planned

Mumbai's historic Elphinstone Road Over Bridge, a key east-west link connecting Parel and Prabhadevi, will be closed for vehicular traffic ahead of its demolition and reconstruction. The bridge, over a century old, will be replaced with a modern double-decker structure as part of the Sewri-Worli Elevated Connector project by MMRDA. The upgraded bridge will feature dual carriageways on both levels, enhancing connectivity between central Mumbai, the Mumbai Trans Harbour Link, and the Bandra-Worli Sea Link. A detailed traffic management plan has been devised to minimise inconvenience during the closure.Read more

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Adani Power to build USD 3 bn, 2,400 MW plant in Bihar with 25-year pact

Adani Power has announced plans to establish a 2,400 MW ultra super-critical power plant in Pirpainti, Bhagalpur district, Bihar, with an investment of USD 3 billion (around INR 26,482 crore). The company has signed a 25-year Power Supply Agreement with Bihar State Power Generation Company Ltd. to provide electricity from the new facility. The project, awarded under the lowest bid rate of INR 6.075 per KWh, will follow a Design, Build, Finance, Own, and Operate (DBFOO) model. The plant is expected to generate significant employment during construction and operations.Read more

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Haryana expands solar capacity and explores global energy partnerships

Haryana has crossed 2.1 gigawatts (GW) of solar capacity and is adding rooftop solar across homes, industries, and institutions. The state has distributed more than 1.65 lakh solar irrigation pumps under the PM-KUSUM scheme, helping farmers save costs while lowering emissions. Haryana has also built a 10 MW solar plant in Panipat, developed over 448 MW of ground-mounted projects, sanctioned 13 solar parks, and declared Panchkula as a Model Solar City. With discussions for a potential INR 1,000 crore investment from the Philippines, Haryana is seeking to expand decentralized energy solutions in villages, aligning with India's wider renewable energy and climate goals.Read more

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Dharan Infra-EPC secures fresh solar EPC contracts from renewable energy player

Dharan Infra-EPC announced earlier this week that it had secured solar EPC work contracts worth INR 262.10 crore from a prominent renewable energy company in India. The award comes shortly after the firm, through its wholly owned subsidiary Dharan Infra Solar, bagged EPC contracts totalling INR 1,171.21 crore from Skymax Infra Power for projects at Orvakal Industrial Park in Andhra Pradesh. The latest contracts cover solarisation of agricultural feeders in Uttar Pradesh, with execution set to be completed by April 2026.Read more

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Delhi Metro expands digital ticketing with BHIM VEGA payments on Sarthi App

Delhi Metro Rail Corporation (DMRC) has introduced BHIM VEGA, a UPI-based payment feature, within its Sarthi app in partnership with NPCI BHIM Services Limited. The update enables passengers to register UPI IDs, link bank accounts or RuPay cards, and complete secure payments directly inside the app. Along with this feature, the app also supports booking of the Jai Hind Sound and Light Show at Red Fort, ticketing with Noida Metro and DTC through ONDC, and digital recharge of RuPay NCMC cards. With nearly seven million journeys each day and most commuters already using digital ticketing, the new feature is expected to reduce queues and encourage wider adoption.Read more

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Over 20 lakh homes now powered with rooftop solar under PM Surya Ghar scheme

More than 20 lakh households across India have installed rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana, and another 30 lakh are expected to be added soon, according to the Ministry of New & Renewable Energy. The scheme aims to benefit one crore households nationwide. The initiative has already enabled nearly half of its users to receive zero electricity bills, reflecting its impact on affordability and sustainability. With India targeting 550 GW of renewable energy by 2030, rooftop solar adoption is set to play a significant role.Read more

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Rajesh Power Services secures order from DGVCL for power network conversion works

Rajesh Power Services, a specialised EPC firm in the power transmission and distribution sector, announced earlier this week that it had secured an order worth INR 143 crore from Dakshin Gujarat Vij Company Limited (DGVCL). The contract covers the conversion of overhead high-tension networks into underground and medium voltage covered conductor systems across Valsad city, Valsad rural and Surat rural, under the utility's System Improvement scheme.Read more

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US raises alert over hidden communication devices in solar-powered highway equipment

U.S. officials have issued warnings about potential hidden communication devices in solar-powered highway infrastructure, including traffic cameras, EV chargers, roadside weather stations, and visitor areas. A recent advisory from the Federal Highway Administration highlighted that undocumented cellular radios were found in certain foreign-made power inverters and battery management systems. Authorities caution that these devices could be remotely tampered with and may pose data security risks. The alert follows earlier findings in both the U.S. and Europe and is part of ongoing scrutiny of foreign technology, particularly Chinese equipment, in American transportation and energy systems.Read more

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Gautam Solar invests INR 4,000 crore in 5 GW solar-cell plant in Madhya Pradesh

Gautam Solar has announced an investment of INR 4,000 crore to establish a 5 GW solar-cell manufacturing facility in Gwalior, Madhya Pradesh. The plant, spread over 54 acres, will focus on advanced TOPCon solar-cell technology. Work has already started with Phase 1, which will provide 2 GW of capacity, while the second phase will add 3 GW after a planned IPO. The project is targeted for completion by calendar year 2026. Alongside cell production, the company is also planning to expand into wafer manufacturing to create a complete solar value chain in India.Read more

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Ukraine's DTEK launches €125m battery project to secure power supply

DTEK has launched Ukraine's largest battery storage project, investing 125 million euros (USD 146.13 million) to secure electricity supply amid ongoing Russian attacks. Six systems in Kyiv and Dnipropetrovsk, built with U.S.-based Fluence, can store 400 megawatt hours of electricity, enough for 600,000 households for two hours. The storage systems will help prevent outages and improve grid stability, emphasizing the growing importance of storage alongside power generation. The project also strengthens DTEK's efforts to modernize Ukraine's energy infrastructure, ensuring reliable electricity for both households and industries in a conflict-affected environment.Read more

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