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

ACME Solar orders 2 GWh battery storage to strengthen renewable projects

ACME Solar Holdings has placed a 2 GWh order for Battery Energy Storage Systems with Chuzhou Lishen New Energy Technology, facilitated by POSCO International and China FAW Group. The systems, to be delivered over six to ten months, will support ACME's FDRE and standalone storage projects slated for commissioning in the next twelve to eighteen months. With this latest order, ACME's total BESS procurement exceeds 5 GWh. The move reinforces ACME's commitment to renewable energy expansion while fostering collaboration with leading global energy and technology firms.Read more

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Pune, Delhi-NCR, Hyderabad lead 3-decade surge in urban expansion

India's eight largest cities have almost doubled their urban built-up areas over the past thirty years, reflecting a significant urban transformation. According to a recent report by Square Yards, these cities have added over 2,100 square km of urban structures since the mid-1990s. Pune recorded the fastest growth, while Hyderabad, Kolkata, and Bengaluru also saw substantial expansion. The report emphasizes that this growth is driven by population migration to urban centres, creating strong demand for new housing, infrastructure, and urban services, and reshaping how people live and work.Read more

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India gears up for wave of InvIT IPOs as demand for infra grows

India's privately-held infrastructure investment trusts (InvITs) are preparing to enter stock exchanges, with at least four IPOs planned this fiscal year. These listings aim to improve liquidity and broaden investor participation, especially among retail investors, who currently hold just 9% of InvITs. While domestic investors remain cautious due to high entry thresholds and limited awareness, foreign investors dominate the space, particularly in projects with sustainability-linked features. Key trusts preparing for public offerings include TVS Infrastructure Trust, NHAI's road InvIT, Cube Highways Trust, and Anantam Highways Trust, reflecting a growing effort to strengthen capital access in the infrastructure sector.Read more

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NBCC to manage new 1,000-acre business district in Naveen Nagpur

State-owned NBCC Ltd has entered into an agreement with the Nagpur Metropolitan Region Development Authority (NMRDA) to take forward the 'Naveen Nagpur' project. The understanding, signed in the presence of Maharashtra Chief Minister Shri Devendra Fadnavis, appoints NBCC as project management consultant for the development. The business district will span around 1,710 acres, with 1,000 acres earmarked for immediate use and 710 acres reserved for future expansion.Read more

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Waaree Renewable wins INR 1,252 crore solar project order from WFEPL

Waaree Renewable Technologies has secured a solar project order worth INR 1,252.43 crore from its group company, Waaree Forever Energies Pvt Ltd (WFEPL). The project is planned for completion in the financial year 2026-27 and involves Engineering, Procurement, and Construction (EPC) of an 870 MWac/1,218 MWp grid-connected ground-mounted solar power plant. The scope also includes a 33kV/400kV substation, transmission line works, and two years of Operation and Maintenance (O&M) services. Both companies operate under Waaree Energies Ltd, highlighting the group's continued focus on large-scale renewable energy projects in India.Read more

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YEIDA revises building bylaws to follow Noida Airport height rules

The Yamuna Expressway Industrial Development Authority (YEIDA) has revised its building bylaws to align with the Airports Authority of India's (AAI) height regulations for areas surrounding the Noida International Airport in Jewar. Under the updated rules, all constructions within a 20 km radius must comply with the guidelines of AAI's Colour-Coded Zoning Map (CCZM). Any building exceeding 15 meters will now require a No Objection Certificate (NOC) from AAI. The move aims to prevent obstacles near flight paths and ensure safe aircraft operations in the rapidly developing region.Read more

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Delhi Airport to resume operations on upgraded runway RW 10/28 this month

Runway RW 10/28 at Delhi's Indira Gandhi International Airport is scheduled to reopen this month after being closed for three months to complete upgrade works. The runway was initially supposed to be upgraded in May but was kept open due to congestion. It was later shut in mid-June for a detailed upgrade. The work included making the runway CAT III compliant by upgrading its Instrument Landing System, which will allow aircraft to land in fog and low visibility. The reopening is expected to ease congestion and improve operational flexibility at India's busiest airport.Read more

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India's steel sector seeks reforms to boost sustainability and global competitiveness

The AIIFA Sustainable Steel Manufacturers Association, representing over 1,800 members, has urged reforms in standards, sustainability practices, and taxation to strengthen India's steel sector. Contributing nearly 47% of national steel output, the secondary steel industry supports decentralized growth, employment in semi-urban and rural areas, and India's 300-million-tonne capacity goal by 2030. Key challenges include raw material price fluctuations, rising energy costs, logistics inefficiencies, and decarbonization pressures. Experts highlight the potential of green steel, circular economy models, and streamlined GST compliance to enhance competitiveness, innovation, and global market presence.Read more

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MRVC floats INR 21,000-crore tender for 2,856 air-conditioned Vande Metro suburban coaches

The Mumbai Railway Vikas Corporation (MRVC) has issued an e-tender worth INR 21,000 crore for procuring and maintaining 2,856 air-conditioned Vande Metro suburban coaches over 35 years. This initiative is a part of the Mumbai Urban Transport Project (MUTP) Phases 3 and 3A, aims to modernize the city's suburban railway network and reduce overcrowding. The new coaches will operate in 12-, 15-, and 18-car formations, with maintenance depots at Bhivpuri on the Central Railway line and Vangaon on the Western Railway line. Global bids are scheduled to open in December 2025, with the first prototype expected within two years of contract award.Read more

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Ethiopia inaugurates Africa's largest hydropower dam amid tensions with Egypt

Ethiopia has inaugurated the Grand Ethiopian Renaissance Dam, the largest hydropower project in Africa, designed to supply electricity to millions and strengthen regional energy networks. While the dam promises economic growth and energy access, it has escalated tensions with Egypt, which depends on the Nile for 90% of its water and fears shortages and future upstream projects. Sudan seeks agreements but may benefit from the dam. Funded largely by Ethiopia, the project has become a national unifying symbol, even as rural populations remain partially unconnected to the national grid.Read more

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IFC to invest USD 60 million to Visakhapatnam for sanitation infrastructure

The International Finance Corporation (IFC), a member of the World Bank Group, has committed up to USD 60 million (about INR 498 crore) to the Greater Visakhapatnam Municipal Corporation (GVMC) through rupee-denominated non-convertible debentures. This marks IFC's first direct municipal financing in India without a sovereign guarantee. The investment will support the Madhurawada Sewerage System Project, with a total cost of INR 553 crore, combining contributions from the central government and GVMC. The initiative is expected to improve sanitation, protect the coastline, and strengthen municipal creditworthiness.Read more

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Arunachal Cabinet pushes for structured planning in 47 urban centres

The Arunachal Pradesh Cabinet has approved a Bill to create a legal framework for town planning schemes, aiming to guide structured urban growth across the state. This step comes amid growing urbanisation in 47 notified urban centres that need organised development. The Cabinet also sanctioned the establishment of four new fire stations and 68 posts to improve emergency response services. Additionally, the Arunachal Pradesh Municipal Property Tax Management Rule, 2025, was approved to enhance fiscal autonomy and property tax collection in municipal areas, supporting financially self-reliant urban local bodies.Read more

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Mumbai to get 10 new water transport routes, 4 linked to Navi Mumbai Airport

The Maharashtra Maritime Board (MMB) is planning to introduce 10 new water transport routes in the Mumbai Metropolitan Region (MMR), including four connecting the upcoming Navi Mumbai International Airport. Kochi Water Metro has been appointed to prepare a Detailed Project Report (DPR) for the new routes. The study will include passenger surveys, travel demand analysis, and terminal planning. The new routes aim to improve commuting, reduce road congestion, and enhance water-based transport options. The DPR will also support upgrades on 21 existing MMR ferry routes.Read more

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15 new metro stations to strengthen Gurugram's urban infrastructure

The foundation stone for Gurugram Metro's first phase was laid this past week by Haryana's Chief Minister Shri Nayab Singh Saini and Union Urban Development Minister Shri Manohar Lal Khattar. The project, estimated at INR 5,600 crore, will stretch 28.5 km, linking Millennium City Centre with Sector 101 through 13 stations. Leaders highlighted its role in reducing congestion, boosting connectivity across NCR, and driving real estate growth, with industry voices pointing to significant opportunities along the Dwarka Expressway, SPR, and Sohna Corridor.Read more

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Vikram Solar secures 336 MW module supply order for Khavda solar project in Gujarat

Vikram Solar has secured a 336 MW module supply order from L&T Construction for the Khavda solar project, strengthening its role in India's solar energy expansion. The order involves Hypersol G12R modules that offer high bifaciality, improved temperature performance, and low degradation, making solar power more affordable. Earlier in the year, the company also supplied 326 MW of modules to GIPCL for the same region. With a 4.5 GW production capacity and operations in 39 countries, Vikram Solar continues to lead in efficient solar module manufacturing in India.Read more

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Odisha government to issue 50,000 housing work orders under Antyodaya Gruha Yojana

The Odisha government has decided to distribute work orders for 50,000 houses under the Antyodaya Gruha Yojana, marking the latest step in its effort to provide permanent housing to the poorest households in the state. The scheme, launched by Chief Minister Mohan Charan Majhi earlier this year in Kalahandi, focuses on families living in extreme poverty, persons with disabilities, individuals affected by leprosy, and those without proper shelter in rural areas. Panchayati Raj Minister Rabi Narayan Naik stated that the programme was designed to reach groups that often fall outside the coverage of other housing schemes.Read more

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Bengaluru to develop AI-driven township in Bidadi to manage congestion

The Karnataka government has announced Greater Bengaluru Innovation and Tech City (GBIT), an AI-driven township planned in Bidadi, about 30 kilometres from Bengaluru. The township is designed as a self-sustaining urban hub under a work-live-play model, featuring housing, schools, hospitals, entertainment centres, AI-enabled civic services, and an international cricket stadium. With strong road, rail, and metro connectivity, the project also focuses on sustainability with zero-carbon, zero-waste, and zero-traffic goals. Farmers and landowners will be development partners through fair compensation or developed plots. The project revives a proposal first discussed nearly two decades ago.Read more

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Nashik civic body plans ADB loan for Kumbh Mela infrastructure

The Nashik Municipal Corporation has proposed an ADB loan of INR 1,000 crore to strengthen the city's infrastructure ahead of the Simhastha Kumbh Mela. It builds on a broader INR 15,000 crore plan submitted to the state government, of which INR 3,270 crore has already been approved. The loan will be backed by the state and directed toward a complete sewage network, flood control, and stormwater drainage. The civic body also plans to raise INR 400 crore through municipal and green bonds. Earlier rounds of funding, motivations, and infrastructure pressures add deeper context to these preparations.Read more

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New Bairabi-Sairang rail line to enhance connectivity in Mizoram

Mizoram is set to be fully connected to India's railway network with the 51.38-km Bairabi-Sairang broad-gauge line, to be inaugurated by Prime Minister Narendra Modi in September 2025. Built at a cost of INR 5,021 crore, the line will link Sairang, 20 km from Aizawl, with Silchar in Assam, integrating Mizoram with Assam, Tripura, and Arunachal Pradesh. The project includes 48 tunnels, 55 major bridges, and the 114-metre-high Krung Bridge, showcasing complex engineering in tough terrain. The new route will cut travel time for essential goods from 10 hours by road to about three hours, easing costs and improving connectivity for the state.Read more

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Maharashtra clears BEST's INR 3,400 crore plan to modernise Mumbai power network

The Maharashtra cabinet has cleared BEST's plan to seek INR 3,400 crore from the Centre to modernize and strengthen Mumbai's electricity network. The proposal, valued at INR 3,346.29 crore, will be submitted through Power Finance Corporation under the Reforms-Based and Results-Linked Revamped Distribution Sector Scheme. The project aims to cut Aggregate Technical & Commercial (AT&C) losses, bridge the ACS-ARR gap, and deliver 24x7 affordable power. Earlier approvals in 2022 had sanctioned INR 1,649 crore for prepaid smart metering and loss-reduction works, now underway. The new funding is expected to boost operational efficiency, financial sustainability, and reliable electricity access for Mumbai consumers.Read more

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