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

LDA plans 5,610-acre industrial township near Lucknow along Agra Expressway

The Lucknow Development Authority (LDA) has initiated plans to set up a massive 5,610-acre industrial township along the Agra Expressway, spanning areas in Sadar and Sarojininagar tehsils. The township is expected to house over 200,000 residents and create employment in industrial, healthcare, logistics, and education sectors. Officials held discussions with stakeholders from 12 villages regarding land acquisition, infrastructure expectations, and land record corrections. This project is part of the state's broader efforts to develop high-growth corridors through strategic infrastructure investments, including expressways, link roads, and industrial corridors aimed at propelling Uttar Pradesh towards its USD 1 trillion economic target.Read more

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Chhattisgarh sets up SCRA to boost planned growth in Raipur and Nava Raipur

The Chhattisgarh government has approved the formation of a State Capital Region Authority (SCRA) to oversee the coordinated growth of the Raipur Metropolitan Region. The newly constituted authority will manage infrastructure expansion, land use planning, and regional governance across multiple jurisdictions. It aims to build on the fiscal success of Nava Raipur India's first debt-free modern planned city and support the state's broader economic ambitions. This move follows similar development models in states like Uttar Pradesh and comes at a time when the government is pursuing aggressive investment plans, including semiconductor manufacturing, AI data centres, and lithium block auctions.Read more

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Gujarat CM approves INR 212 crore for new Mahisagar River Bridge after collapse claims 20 lives

Gujarat Chief Minister Shri Bhupendra Patel has approved INR 212 crore for a new two-lane bridge over the Mahisagar river near Mujpur, Padra taluka. This decision comes five days after the collapse of a four-decade-old bridge at the same site, which claimed 20 lives on July 9. The new bridge, with an 18-month deadline, will be built parallel to the old one. The state government also distributed INR 62 lakh in financial aid to affected families, including INR 4 lakh for each of the 15 deceased. Search operations continue for one missing person.Read more

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Metro Lines 2A and 7 now offer faster service with trains every 5 minutes, 50 seconds

The Maha Mumbai Metro has expanded its operational capacity on Metro Lines 2A and 7, increasing daily services from 284 to 305 trips. To address peak-hour crowding, 21 additional services have been introduced, reducing the frequency interval to 5 minutes and 50 seconds from the previous 6 minutes and 35 seconds. This service upgrade is backed by the deployment of three newly-inducted trainsets aimed at meeting growing commuter demand. The move reflects the authority's continued effort to enhance connectivity and efficiency across Mumbai's expanding metro network.Read more

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Karnataka Infrastructure: India's 2nd-longest cable bridge in Shivamogga opens for public use

Union Minister Nitin Gadkari recently inaugurated the Sharavathi bridge in Shivamogga, Karnataka-India's second-longest cable-stayed bridge, spanning 6 km and built at a cost of INR 472 crore. The bridge is designed to improve connectivity across the Malnad region. The event, held on July 14, also included foundation stone-laying for nine National Highway projects totaling over INR 2,000 crore. These include upgrades like the 47-km Bidar-Humnabad stretch, aimed at reducing travel time between Kalaburagi and Bidar. Restoration of the Shiradi Ghat section of NH-75 was also announced to ensure safer travel during monsoons. The ruling state party partially boycotted the ceremony.Read more

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Mumbai-Ahmedabad bullet train project opens first section of 21 km undersea tunnel

The Mumbai-Ahmedabad bullet train project has opened the first section of its 21 km undersea tunnel between Bandra-Kurla Complex (BKC) and Thane. This milestone was announced by the Ministry of Railways. The overall 508 km corridor, developed with Japanese Shinkansen technology, has completed 310 km of viaducts, 15 river bridges, and 5 stations. The BKC station's excavation is 80% complete. This progress highlights rapid construction in Maharashtra and aims for new benchmarks in speed and reliability, with E10 Shinkansen trains set for simultaneous introduction in India and Japan.Read more

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Gujarat speeds up road repairs after heavy monsoon damage across the state

The Gujarat government has intensified road repair and patchwork efforts following heavy monsoon rains that severely impacted infrastructure across the state. Under the direction of Chief Minister Shri Bhupendra Patel, the Roads and Buildings Department is prioritising quick restoration of roads to avoid public inconvenience. So far, over 50% of both minor and major patchwork has been completed, with more than 62% of pothole-filling works also accomplished. With more than 183 roads affected by diversions, structural repairs and traffic restoration efforts are underway in multiple areas.Read more

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Reliance Infrastructure's credit rating upgraded after six-year stagnation as debt hits zero

Reliance Infrastructure has secured a credit rating upgrade from India Ratings and Research, marking a three-notch improvement from 'IND D' to 'IND B / Stable / IND A4'. This development follows the company's extensive deleveraging, resulting in net zero debt with banks and financial institutions. Ind-Ra also withdrew earlier proposed ratings on fund-based and non-fund-based limits that were never availed. The company has ensured timely standalone debt servicing and completed one-time settlements for guaranteed debts via strategic capital infusion through warrant issues.Read more

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India's first offshore airport to begin construction in 2026 near Vadhvan port

Maharashtra Chief Minister Shri Devendra Fadnavis recently announced that construction of India's first offshore airport, the Vadhvan Airport near Mumbai, is expected to begin in 2026. The state has already appointed an agency to prepare the detailed project report. This would be the third airport in the Mumbai Metropolitan Region after the existing Mumbai airport and the upcoming Navi Mumbai airport. Fadnavis also shared progress on the Purandar airport near Pune and plans to expand aviation infrastructure across the state's districts.Read more

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Madhya Pradesh unveils INR 30,000 crore investment blueprint

Madhya Pradesh has laid out a comprehensive investment roadmap worth INR 30,000 crore aimed at transforming urban development across the state. The investment proposals, announced during the 'Madhya Pradesh Growth Conclave' in Indore, span both public and private sectors and are expected to generate employment for over 14,000 individuals. Key announcements included new infrastructure and housing projects, with the state also committing to administrative flexibility and faster project approvals to attract investors.Read more

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