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

Meghalaya seeks INR 2,270 crore aid from Centre for transmission overhaul and border connectivity

The Meghalaya government has sought financial backing of INR 2,270 crore from the Union Ministry of Power to fund critical power transmission projects, as confirmed by state Power Minister Abu Taher Mondal during the 16th National Power Committee meeting. The proposed plan, already approved by the Central Electricity Authority (CEA), aims to increase transmission capacity by 760 MVA and extend the network by 190 circuit kilometres. Mondal emphasised the strategic need for new infrastructure, particularly in areas near the Bangladesh border, while also highlighting funding hurdles and cyber threat concerns.Read more

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North East attracts INR 5 lakh crore in investments as government positions region as India's next growth engine

Union Minister Shri Jyotiraditya Scindia announced that the Centre has invested INR 5 lakh crore in the North East over 11 years, aiming to make it a key player in India's economic transformation. Covering all eight northeastern states, the funds support infrastructure, welfare, and industry. Scindia highlighted that the region's annual growth rate of 11-13% outpaces the national average of 6-7%. At the 'Rising North East' summit, private sector proposals worth INR 4 lakh crore were received, indicating strong investor confidence. Scindia emphasized the region's potential to shape both national and global development, as the government works to foster inclusive, sustainable growth across India's historically underserved states.Read more

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JSW Infra wins INR740 crore Kolkata container terminal project under PPP model

JSW Infrastructure has secured a letter of award from the Syama Prasad Mookerjee Port Authority for a port development project worth INR 740 crore at Netaji Subhas Dock in Kolkata. The project entails reconstructing berth 8 and mechanising berth 7 under a 30-year DBFOT concession within the PPP framework. With a two-year construction schedule, JSW Infrastructure will also commence operations during the build phase. The project will expand the company's container handling capacity, aligning with its broader strategy to strengthen presence on both eastern and western coastlines through the government's port privatisation scheme.Read more

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BMC ramps up drive to collect household hazardous waste across Mumbai

Mumbai's domestic hazardous waste collection initiative has seen nearly 2,000 establishments register, including housing societies and beauty parlours, covering about 4.5 lakh citizens. The Brihanmumbai Municipal Corporation (BMC) transports an average of 1.7 tonnes of waste daily to six plasma incineration facilities. This initiative aims for safe disposal of items like diapers and medicines, which can contaminate other waste. Despite generating 80-100 tonnes daily, the current collection is a fraction. The BMC plans more efforts to boost participation and manage all waste categories.Read more

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MPIDC begins land pooling for INR 2,400 crore Indore-Pithampur economic corridor

The Madhya Pradesh Industrial Development Corporation (MPIDC) has initiated land pooling for the 19.60 km Indore-Pithampur Economic Corridor. This infrastructure project, estimated to cost over INR 2,400 crore, aims to boost industrial growth and connectivity between Indore, Pithampur, and the airport. Farmers will receive 60% developed land as compensation, an increase from the usual 50%. The corridor, 75 meters wide, will feature commercial, industrial, and residential activities along its sides. Land consents are being collected from 17 villages, preparing for construction to begin in the coming months.Read more

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BMC considers dome-like indoor event space near Mahalaxmi racecourse stables

The BMC is considering developing a dedicated indoor event space near the Mahalaxmi Racecourse stables in Mumbai, encouraged by a INR 7.5 crore revenue boost from recent events. The proposed 15-acre facility would host cultural and corporate events, especially during monsoons. This initiative follows BMC taking possession of 120.1 acres of the 212.7-acre racecourse plot last year. Officials also discussed mapping underground utilities and coordinating a pedestrian tunnel to the Metro 3 station, ensuring development without disrupting horse racing.Read more

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NHSRCL completes 16 of 21 river bridges in Gujarat for Mumbai-Ahmedabad bullet train project

NHSRCL has announced the completion of 16 out of 21 planned river bridges for the Mumbai-Ahmedabad High-Speed Rail Corridor in Gujarat. All five bridges in Valsad district, including the 360-meter Daman Ganga river bridge, are finished. The overall 352-km Gujarat stretch of the bullet train project includes key structures like the 1.4-km Narmada river bridge. The full 508-km corridor's longest bridge will be 2.4 km over Maharashtra's Vaitarna river. This progress marks a step in building the high-speed rail infrastructure.Read more

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BMC receives three bids to clear 185 lakh tonnes of waste at Deonar site

Three companies; Navayuga Engineering, Re Sustainability, and H G Infra Engineering, have bid for the BMC's INR 2,368 crore tender for bioremediation work at the Deonar dumpsite in Mumbai. The project aims to clear 185 lakh tonnes of waste and reclaim 110 hectares of land. The cleared land is designated for housing under the Dharavi Redevelopment Project. All bidders have previous associations with the Adani Group. The final financial bid is scheduled to open on July 11, marking a step in Mumbai's waste management and urban development efforts.Read more

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Thane Infrastructure: Phase 1 of Kasarvadavli flyover opens to ease traffic on Ghodbunder Road

Phase 1 of the Kasarvadavli Flyover in Thane, Maharashtra, has opened to traffic. The two-lane flyover, constructed by MMRDA, aims to ease traffic congestion on Ghodbunder Road, particularly for office and freight movement. Designed to integrate with Metro Line 4, this initial phase is expected to reduce travel time from Waghbil to Gaimukh and improve connectivity among Thane, Mumbai, and neighboring areas. The next phase is underway, aligning with Metro construction for smoother intermodal transit.Read more

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MMRDA forms committee to tackle crowding on Mumbai Metro 1 line

The Mumbai Metropolitan Region Development Authority (MMRDA) has formed a committee to address overcrowding on Metro 1 (Versova-Andheri-Ghatkopar line). This action follows a recent technical failure that caused excessive crowding. The committee, led by former chief secretary Johny Joseph, will review service disruptions and evaluate solutions. The Metro 1 operator, MMOPL, plans to deploy standby rakes, upgrade four-coach trains to six, and reconsider mixed-loop services to improve commuter experience. Metro 1, operational since July 2014, currently carries 500,000 daily passengers.Read more

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