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%

Infrastructure News

MNRE to clear INR 200 crore subsidy backlog for waste-to-energy plants

The Ministry of New and Renewable Energy (MNRE) is set to clear a subsidy backlog of over INR 200 crore for waste-to-energy projects under the National Bioenergy Programme. This was announced after a guideline requiring plants to show 80% efficiency for three consecutive months was relaxed in June. An official said this norm was impractical, as plants often operated at lower capacity without assured off-take. The new rule allows subsidy release based on a one-day demonstration of capacity, and the backlog is expected to be cleared in a few months following post-monsoon inspections.Read more

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Indumati Palace to become part of new residential project in Vadodara

Indumati Palace, a 145-year-old heritage building in Vadodara is being repurposed into a unique residential-commercial complex led by Pratapsinhrao Gaekwad in collaboration with Johnson Real Estate. Six 12-storey upscale apartment towers will surround the restored palace, which will serve as an exclusive clubhouse for the community. Retail space is planned in the palace's former front yard. The initiative was introduced around the recent Ganesh festivities, with delivery expected in about three years. Pratapsinhrao also aims to revive the palace's traditional Ganesh celebrations and continue spending more time in Vadodara by working from this new development.Read more

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Andhra Pradesh proposes INR 81,317 crore projects for Amaravati's development

The Andhra Pradesh Capital Region Development Authority (CRDA) has proposed a massive development plan for Amaravati, the state's greenfield capital, with projects totaling INR 81,317 crore. Tenders have already been issued for projects worth INR 50,552 crore, covering key areas like housing, public infrastructure, flood management, and green energy initiatives. Chief Minister Shri N. Chandrababu Naidu has stressed accelerating the projects to complete construction six months ahead of schedule. The plan also incorporates electric vehicle adoption, air quality monitoring, and modern urban planning to transform Amaravati into a sustainable city.Read more

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Tata Power and Suzlon Partner for INR 6,000 crore wind project in Andhra Pradesh

Tata Power has signed a INR 6,000 crore wind power project deal with Suzlon Energy in Andhra Pradesh. This initiative, which marks the state's first wind power project since 2019, involves the development and construction of 700 MW of wind turbines. It is part of a larger 7 GW mega plan by Tata Power Renewable Energy and the state government, estimated to be a INR 49,000 crore investment, and is being executed under the new Integrated Clean Energy (ICE) Policy to boost the state's renewable energy sector.Read more

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Santacruz Chembur Link Road cable-stayed bridge to open on Aug 14

The final stretch of the Santacruz Chembur Link Road (SCLR) extension, a new cable-stayed bridge over the Western Express Highway (WEH), will open for traffic on August 14, 2025. This much-awaited connector, executed by the Mumbai Metropolitan Region Development Authority (MMRDA), promises to provide a direct, signal-free passage from Kurla to the Western Express Highway, easing traffic bottlenecks and reducing peak-hour travel times by 15-20 minutes. The project, which was delayed due to design and logistical issues, is a significant step in improving Mumbai's east-west connectivity.Read more

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Mumbai Coastal Road promenade to open on Independence Day

The promenade section of the Mumbai Coastal Road project will open to the public on Independence Day August 15, 2025. A 5.25 km stretch of the total 7.5 km promenade, which features pedestrian pathways, cycling tracks, and viewing decks, will be opened to the public. The inauguration will also mark the opening of the Coastal Road for 24x7 vehicular traffic. The promenade is the first major public amenity to be opened on the Coastal Road, which aims to ease traffic congestion between south and north Mumbai.Read more

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BMC plans post-monsoon repairs and rehabilitation of Parel TT Flyover

The Brihanmumbai Municipal Corporation (BMC) is planning to undertake repairs and rehabilitation of the Parel TT flyover after the current monsoon season. The project, which involves demolishing the existing structure and building a new one, is aimed at improving traffic flow on this busy route. The flyover, originally constructed over five decades ago, is currently in a dilapidated state. With repairs set to begin post-monsoon, the project highlights BMC's efforts to address the challenges of maintaining aging infrastructure and enhancing urban mobility in Mumbai.Read more

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Inox Green inks pact to manage 182 MW of wind projects in Western India

Inox Green Energy Services has signed an agreement with a major Indian conglomerate to operate and maintain 182 MW of operational wind projects in Western India. The pact involves converting a limited-scope O&M contract for 82 MW to a comprehensive one, as well as an early renewal for another 100 MW of projects. This agreement, which spans the entire life of the projects, reinforces Inox Green's position as a major service provider in India's renewable power sector, with over 5 GW of assets under management.Read more

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Mumbai's Deonar waste-to-energy plant faces year-long delay amid regulatory hurdles

Mumbai's waste-to-energy plant at Deonar is expected to be delayed by a year, pushing its completion to October 2026. The contractor, M/s Chennai MSW Pvt Ltd, cited delays in obtaining statutory clearances, including environmental clearance and a consent to establish (CTE). The BMC is also facing a setback after a state authority directed it to reapply for an increase in the plant's power capacity. This delay highlights the challenges in implementing large-scale, environmentally sensitive projects and raises concerns about Mumbai's inadequate solid waste management.Read more

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Mumbai Port Authority to lease 217 acres of coastal land for 30 years

The Mumbai Port Authority recently launched a long-term lease offering for 28 non-residential plots spanning more than 217 acres along Mumbai's eastern coast and Alibaug. Aiming to generate upwards of INR 800 crore per year, this move shifts focus from an earlier vision of a public waterfront development. Key parcels include areas near the cruise terminal, former HPCL and FCI sites, Sewri Timber Pond, and plots by the Trans Harbour Link. While the authority tests market interest, urban planners and activists warn that the opportunity for a vibrant, publicly accessible waterfront may be slipping away indefinitely.Read more

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