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

Adani Group commissions India's first off-grid green hydrogen plant in Kutch

Adani Group has commissioned India's first off-grid 5 MW green hydrogen plant in Kutch, Gujarat, marking a significant step under the National Green Hydrogen Mission. Developed by Adani New Industries Ltd (ANIL), the plant operates entirely on solar energy and is integrated with a Battery Energy Storage System (BESS), enabling round-the-clock, grid-independent hydrogen production. The pilot facility showcases the potential of decentralised renewable-powered hydrogen generation and serves as a precursor to Adani's larger green hydrogen hub planned at Mundra. The initiative aims to advance India's transition to clean energy and reduce its dependence on fossil fuel imports.Read more

cover photo

Maharashtra green-lights four PMRDA town-planning schemes

The Maharashtra Urban Development Department has approved four key town planning schemes by PMRDA, covering 520 hectares in Autade-Handewadi, Holkarwadi, and Vadachiwadi. These align with Pune's 82 km ring road plan and follow a land-sharing model where landowners receive 50% of developed plots. Each scheme gets INR 25 crore from the Centre, with PMRDA allocating INR 125 crore. Two other schemes-Maan Mhalunge and Manjari Khurd Kolwadi-remain stalled due to zoning and technical issues. Officials and locals voiced frustration over delays impacting infrastructure and real estate development. Timely clearance is critical to access central funds and drive organised growth across the Pune Metropolitan Region.Read more

cover photo

Hyderabad airport begins expansion to handle rising passenger and cargo traffic

GMR Hyderabad International Airport Ltd (GHIAL) has launched a INR 5,843 crore expansion at Rajiv Gandhi International Airport to meet rising traffic. The plan includes a new 225,000 sq. m terminal primarily for domestic use, a 3,800-meter runway for low-visibility operations, and a 650-meter cross taxiway for wide-body aircraft. Aircraft stands will increase to 163 and parking bays to 5,590. A second cargo terminal (50,000 MT capacity) costing INR 160 crore is set to open by July. The existing terminal is also being expanded at INR 427 crore. A 31-km metro line from Mindspace to the airport is planned to boost access, with GHIAL supporting the initiative. AERA will determine revised tariffs.Read more

cover photo

Mumbai seeks court nod to remove 1,134 trees for Goregaon-Mulund tunnel work

The Brihanmumbai Municipal Corporation's Tree Authority has approached the Supreme Court seeking approval to cut 1,134 trees in Film City, Mumbai, to facilitate the Goregaon-Mulund Link Road (GMLR) project�a key infrastructure initiative aimed at connecting the Western and Eastern Express Highways and reducing travel time by nearly an hour. Respecting the Court's earlier directive barring tree felling in Aarey without explicit permission, the Authority clarified that the proposed development does not fall within the protected Aarey Milk Colony. The trees are required for constructing twin tunnels over a 6.2-km stretch, particularly for pit excavation and tunnel boring machine operations. A shift in the launching shaft's location to avoid displacing a tribal hamlet has also increased the number of trees to be felled. The Tree Authority has sought permission to remove 95 trees in the first phase and requested the liberty to return for further approvals in the next phase of the project.Read more

cover photo

Freeway project set to improve access between Mulund, Airoli and Palava by 2026

The upcoming Mulund-Airoli-Palava Freeway, set to open by March 2026, is poised to dramatically cut commute times-25 minutes from Mulund to Airoli and just 20 minutes from Airoli to Palava-transforming connectivity in Mumbai's eastern suburbs. Beyond easing travel, the project is expected to spark real estate growth in areas like Kalyan, Dombivli, and Katai. Historically, infrastructure upgrades like the Eastern Freeway and Metro Line 1 have triggered significant property appreciation, and experts anticipate similar trends here. Developers are eyeing the corridor as MMR's next growth hotspot, with improved access and affordable land making it ideal for residential and mixed-use projects amid Mumbai's ongoing eastward expansion.Read more

cover photo

Gorakhpur expressway launch marks next phase in UP's highway expansion drive

Uttar Pradesh has operationalised the Gorakhpur Link Expressway, its seventh expressway, developed at an investment of INR 7,283 crore. This 91.35 km stretch links Gorakhpur to districts including Azamgarh and significantly strengthens the state's share in India�s expressway network, raising it from 38% to 42%. With over 1,200 km of access-controlled expressways now within its borders, UP leads nationally. The expressway was built partly on land acquired from 22,000 farmers and is projected to transform the socio-economic fabric of the Purvanchal region.Read more

cover photo

MMRDA to fine metro contractors for labour shortages to speed up project delivery

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a strict penalty policy to address labour shortages and fast-track metro construction. Effective immediately, contractors will face fines of INR 1 lakh per day for workforce shortfalls between 25-50%, and INR 2 lakh per day if the deficit exceeds 50%, with no exceptions or prior notice. These penalties are in addition to existing fines for project delays and will be enforced across key metro corridors set to be commissioned by year-end, including Lines 2B, 4, 4A, and 9. MMRDA officials will conduct regular site audits and review consultant reports to monitor compliance, as the authority aims to curb persistent manpower issues that have historically hampered metro progress.Read more

cover photo

Siemens to install ETCS Level 2 signalling for Mumbai-Ahmedabad bullet train corridor

A consortium of Siemens Limited, Siemens Mobility GmbH, and Dineshchandra R Agrawal Infracon Pvt Ltd has secured a INR 4,100 crore contract from the National High Speed Rail Corporation Limited (NHSRCL) for India's first bullet train project. Siemens Limited's share, worth INR 1,230 crore, includes designing, installing, and maintaining advanced signalling and telecom systems using the globally adopted ETCS Level 2 standard. The project will be executed over 4.5 years, with Siemens handling maintenance for 15 years. This move aligns with the 'Make in India' mission and marks a major step toward integrating world-class rail tech into India's transport landscape.Read more

cover photo

L&T to develop green hydrogen and ammonia plants in Gujarat

Larsen & Toubro (L&T) has acquired land in Kandla, Gujarat, to develop green hydrogen and ammonia facilities-advancing its clean energy ambitions in sync with India's National Green Hydrogen Mission. Chairman S N Subrahmanyan confirmed electrolyser manufacturing is already underway, giving L&T a first-mover edge. The company also received U.S. Department of Energy approval to transfer Small Modular Reactor (SMR) technology to India, becoming one of only three Indian firms eligible. L&T plans to localise manufacturing and build proprietary tech for developing markets. Through its new subsidiary, L&T Green Energy Kandla Pvt Ltd, the company is gearing up to deliver global-scale EPC solutions in green fuels.Read more

cover photo

DRA to spend INR 1 crore to beautify Chennai's Lloyds Road under Namakku Naame scheme

Chennai-based real estate firm DRA has partnered with the Greater Chennai Corporation to launch a INR 1 crore beautification project on Sir V.P. Raman Road (Lloyds Road) under Tamil Nadu's "Namakku Naame" initiative. The four-month Public-Private Partnership aims to transform the bustling stretch into a sustainable, walkable, and aesthetically vibrant urban space. Planned upgrades include LED streetlights, landscaped walkways, public seating, and smart signage. DRA Managing Director Ranjeeth Rathod highlighted the initiative as a reflection of civic pride and community-focused progress. The project was inaugurated in the presence of senior civic officials, showcasing a strong model of public-private collaboration in urban renewal.Read more

cover photo

Kinfra to lead 358-acre land deal for Global City, part of Kochi-Bengaluru Corridor

The Kerala government has approved a negotiated land purchase approach to acquire 358 acres in Ayyampuzha for the much-delayed Global City project, part of the Kochi-Bengaluru Industrial Corridor (KBIC). Implemented by state agency Kinfra, this move aims to bypass delays tied to traditional acquisition methods. Of the total land, 215 acres will be dedicated to industrial use. The project, crucial for regional economic integration, had earlier faced setbacks due to Union government concerns over non-industrial components. In contrast, KBIC's Palakkad-based Industrial Manufacturing Cluster has already secured approvals. The new approach may also ensure faster delivery and better compensation for landowners.Read more

cover photo

TRAI's new pilot aims to end spam by recording customer consent digitally

The Telecom Regulatory Authority of India (TRAI), in partnership with the RBI and select banks, has launched a pilot project to digitally verify customer consent for commercial messages and calls. Aimed at tackling rising complaints of spam-often based on vague or offline consents-the initiative introduces a secure digital consent registry managed by Telecom Service Providers. The banking sector, vulnerable to fraud via unsolicited calls, is the focus of this first phase. The project will assess practical, technical, and regulatory factors before scaling to other industries, marking a key step toward safer and more transparent communication practices for consumers.Read more

cover photo

MMRCL resumes payments to Metro Line 3 contractors after tax dispute with BMC

The Mumbai Metro Rail Corporation Limited (MMRCL) has released long-pending payments to contractors working on Metro Line 3, resolving a standstill caused by a property tax dispute with the BMC. The issue revolved around BMC's tax claims on casting yards, which contractors like Dogus Soma JV, CEC-ITD JV, L&T STEC JV, and HCC argued were exempt under Section 184 of the Railways Act, 1989. The Bombay High Court provided interim relief in April 2024, halting any forceful tax recovery. With no new recovery notices issued and undertakings now secured, MMRCL has resumed disbursing funds to maintain construction progress.Read more

cover photo

MMRDA begins work on INR 905 crore Mogarpada metro depot to serve 4 major lines

MMRDA has taken over 174.01 hectares in Mogarpada, Thane, to build Mumbai's largest integrated metro car depot, supporting Metro Lines 4, 4A, 10, and 11. Backed by CM Shri Devendra Fadnavis and Deputy CM Shri Eknath Shinde, the INR 905 crore project will house 64 stabling lines, 10 workshop lines, and advanced facilities like automated wash systems and training centres. Construction, led by SEW-VSE JV, is now underway. A unique farmer-first rehabilitation model offers developed land plots to leaseholders and encroachers. Once operational, the depot will boost metro efficiency, cut travel time by 50%, and serve 1.2 million passengers daily, transforming connectivity across Eastern Suburbs and Thane.Read more

cover photo

MMRDA shifts Borivli tunnel route after Thane residents oppose original alignment

Following sustained protests and civic pressure, MMRDA has approved a realignment of the Borivli twin tunnel entry and exit points in Thane's Mulla Baug area. The new alignment will now route the tunnel deeper underground and extend it by 200 metres to reduce environmental and residential impact. The revised plan, which received nods from the Chief Minister and MMRDA leadership, aims to bypass densely populated neighborhoods and emerge beyond Ghodbunder Highway, addressing long-standing concerns of congestion, noise, and pollution.Read more

cover photo

MHADA invites bids for Kamathipura cluster redevelopment in Mumbai

Kamathipura, one of Mumbai's oldest and most historically rich neighbourhoods, is set for a major transformation. MHADA has opened bids for redeveloping this 34-acre area under a cluster redevelopment plan. Once Asia's largest red-light district, Kamathipura was originally a settlement for construction workers during British rule. Now home to over 8,000 homes and shops, the project will replace 900+ ageing buildings and create 4,500 new housing units. Over 44,000 square meters is also being reserved for public amenities. This project joins other large-scale makeovers across the city, including Dharavi, Bhendi Bazaar, and BDD Chawls, all aiming to modernise Mumbai's ageing infrastructure.Read more

cover photo

Howrah Bridge to glow with solar-powered brilliance under Coal India-SMPK pact

Coal India Ltd has partnered with Syama Prasad Mookerjee Port, Kolkata, to transform the iconic Howrah Bridge through a solar-powered dynamic illumination initiative. The project, aimed at showcasing the structural grandeur of the 80-year-old bridge, will feature volumetric and skeleton lighting synchronised with music. Officials confirmed that the upgraded lighting would vastly improve the existing setup and enrich the nightly experience for lakhs of commuters and visitors. The tendering process is currently underway, with the project expected to be completed within a year.Read more

cover photo

Adani Group eyes cement boom as USD 2.2 trillion infrastructure push fuels sector growth

ACC Cement, part of the Adani Group's rapidly expanding cement vertical, is poised to benefit significantly from India's anticipated infrastructure investment of around USD 2.2 trillion by 2030. The company, which surpassed the 100 MTPA production milestone recently, has set its sights on reaching 140 MTPA by FY 2027-28. With strong backing from Adani Group's integrated logistics and energy infrastructure, ACC is enhancing cost efficiency, supply chain speed, and sustainability while playing a pivotal role in India's construction and economic development journey.Read more

cover photo

IREDA raises INR 2,006 crore via QIP to boost green energy financing

Indian Renewable Energy Development Agency (IREDA), a state-owned financial institution under the Ministry of New and Renewable Energy, has successfully raised over INR 2,000 crore through a Qualified Institutional Placement (QIP). The issue was open for subscription from domestic and foreign institutional investors, including banks, insurers, and foreign portfolio investors, and received bids worth INR 2,005.90 crore, overshooting the base size of INR 1,500 crore. The capital raised will boost IREDA's tier-I capital and improve its capital adequacy ratio, enhancing its ability to fund renewable energy initiatives nationwide.Read more

cover photo

L&T wins major contract for 1,500 MW pumped storage project in Maharashtra

Larsen & Toubro (L&T) recently secured a significant contract from JSW Energy, valued between INR 1,000 crore and INR 2,500 crore, to execute the Bhavali Pumped Storage Project in Maharashtra. The project, spread across Nashik and Thane districts, is designed for a total installed capacity of 1,500 MW through multiple smaller units. The contract includes comprehensive civil engineering works such as construction of reservoirs, tunnels, approach roads, and an underground powerhouse. Pumped storage projects like Bhavali are critical for grid stability as India integrates more renewable energy sources. This order bolsters L&T's portfolio in infrastructure development and supports Maharashtra's sustainable power goals.Read more

cover photo