SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Asset class : Infrastructure

Tata Power moves ahead with Mundra plant revival after signing fresh PPAs

26 Mar 2026

Tata Power has moved a step closer to reviving operations at its Mundra Ultra Mega Power Project in Gujarat by signing a supplementary power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL). The company also plans similar agreements with Maharashtra, Rajasthan, Punjab, and Haryana. The plant had been shut since July 2025 due to financial losses, impacting power supply to multiple states. With regulatory approvals already in place, these agreements are expected to improve viability and help restart operations. The development also had a positive impact on Tata Power's share price.Read more

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Airfloa Rail secures INR 22.91 crore contract from BEML for Chennai Metro Phase II lighting systems

Chennai News Desk

26 Mar 2026

Airfloa Rail Technology has secured an order worth INR 22.91 crore from BEML Ltd for supply works linked to Phase II of the Chennai Metro Rail Limited network. The contract covers design, manufacture, supply, testing and commissioning of lighting systems for metro coaches, along with spares and tools. Execution is scheduled over a 17-month period, with supplies expected to begin later this year. Payment terms include full settlement within 45 days of delivery. The order forms part of ongoing rolling stock and systems procurement for the expanding metro network, which is being developed to enhance urban mobility capacity across Chennai.Read more

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Larsen & Toubro maintains stable operations across West Asia with over 95% project sites functioning amid geopolitical tensions

26 Mar 2026

Larsen & Toubro has reported that more than 95 per cent of its project sites in West Asia continue to operate normally despite escalating geopolitical tensions linked to the ongoing regional conflict. The company, which has a significant exposure to markets such as Saudi Arabia, the UAE and Qatar, indicated that only a small proportion of projects near sensitive zones have been temporarily paused. While operations remain largely stable, the company has flagged emerging risks including supply chain disruptions and rising insurance costs. West Asia continues to account for a substantial share of L&T's international order book, underlining the region's importance to its overall business operations.Read more

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Poor lighting at Mahim beach raises public safety concerns in Mumbai

Mumbai News Desk

26 Mar 2026

Residents and activists in Mumbai have raised concerns over inadequate street lighting at Mahim Beach, especially around the Reti Bunder stretch. Several streetlights in the area are reported to be non-functional, leaving large sections poorly illuminated during evening and night hours. This has led to repeated appeals to civic authorities, including the Brihanmumbai Municipal Corporation, to carry out repairs and improve lighting. The issue highlights gaps in basic urban maintenance that directly affect public safety in frequently visited public spaces.Read more

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PCMC faces INR 143 crore irrigation dues notice with warning of water supply disruption amid dispute over charges

26 Mar 2026

The Pimpri Chinchwad Municipal Corporation (PCMC) has received a notice from the Maharashtra irrigation department demanding payment of INR 143 crore towards pending water charges and penalties linked to alleged excess consumption and inadequate sewage treatment. The department has warned of possible suspension of water supply if dues remain unpaid. Civic officials have contested the demand, stating that the charges include disputed components such as industrial tariffs and penalties. The dispute comes at a time when the city already faces supply constraints, receiving water from Pavana and Andra dams while operating on alternate-day distribution. The issue highlights ongoing tensions between urban local bodies and state agencies over water allocation, billing practices and environmental compliance.Read more

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Telangana introduces new building rules to ease approvals and support real estate activity

25 Mar 2026

The Telangana government has introduced revised building rules aimed at improving real estate development by simplifying construction norms and approval processes. The changes provide greater flexibility in areas such as building height, setbacks, and the use of Transferable Development Rights (TDR). These revisions are intended to help developers make better use of land, particularly in urban locations, and reduce procedural delays. By aligning regulations with current development needs, the state is seeking to encourage more efficient project execution while maintaining basic planning and compliance standards across key urban centres.Read more

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Rudrapur ring road nears completion with trial run planned to ease industrial traffic movement

25 Mar 2026

The 20.5-km four-lane ring road in Rudrapur, Uttarakhand, is nearing completion, with authorities planning a trial run shortly after March 20. The project, estimated at around INR 1,100 crore, has reached approximately 95 per cent completion after nearly four years of construction under the National Highways Authority of India (NHAI). Designed to bypass the city, the corridor will connect National Highway-74 and NH-87 while passing through 12 villages and extending into neighbouring Uttar Pradesh. The road is expected to ease congestion within the industrial city, particularly by enabling heavy vehicles bound for the SIDCUL industrial area to avoid urban routes and reduce waiting times.Read more

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Thane presents INR 6,221 crore budget with focus on infrastructure and services

25 Mar 2026

The Thane Municipal Corporation has presented its INR 6,221.12 crore budget for the 2026-27 financial year, focusing on infrastructure, healthcare, education, and basic civic services while keeping municipal taxes unchanged. Revenue income is estimated at INR 4,078 crore, with the gap to be managed through internal earnings, grants, and borrowings. Key allocations include waste management, water supply, and ward-level facilities. The administration has also highlighted financial discipline, improved transparency, and sustainable development, while targeting completion of major ongoing civic projects by the end of 2026.Read more

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BMC demolishes LT Market shops amid vendor claims of redevelopment push

Mumbai News Desk

25 Mar 2026

Demolition of several shops at LT Market by the Brihanmumbai Municipal Corporation has led to protests from vendors, who allege that the action was linked to a redevelopment proposal supported by a private builder. Traders said they were not given clear communication, consent options, or rehabilitation details before the drive. Civic officials have stated that the structures were unauthorised and part of routine action. The incident has raised concerns about transparency in redevelopment processes and the protection of long-standing small businesses in Mumbai's traditional market areas.Read more

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Mumbai pushes double-decker Sewri–Worli connector as Elphinstone bridge demolition speeds up

Mumbai News Desk

25 Mar 2026

Demolition of the old Elphinstone Road overbridge in Mumbai has progressed further, with Western Railway removing key girders at Prabhadevi station. This work is part of the larger Sewri Worli Elevated Connector project, a 4.5-km double-decker corridor aimed at improving east-west connectivity. While the project is expected to reduce travel time and ease congestion once completed, it has currently led to traffic disruptions in the busy Parel Prabhadevi area. Authorities are continuing phased work while trying to minimise impact on rail and road movement.Read more

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SWAMIH Fund expansion to accelerate stalled housing projects and support distressed homebuyers

25 Mar 2026

The Government of India has announced the expansion of the SWAMIH Investment Fund under Budget 2026-27 with an allocation of INR 15,000 crore to support the completion of stalled housing projects. The initiative aims to provide relief to distressed homebuyers whose investments remain stuck and to improve overall confidence in the housing sector. As of earlier this year, the fund has committed investments across 148 projects and has already delivered over 63,000 homes. The scheme continues to function as a key financing mechanism for stressed residential developments across India.Read more

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Telangana outlines Bharat Future City as 30,000-acre sustainable urban cluster planned for up to 30 lakh residents

25 Mar 2026

The Telangana government has detailed plans for Bharat Future City, a 30,000-acre greenfield urban development near Hyderabad designed to accommodate around 25-30 lakh residents. The project, outlined in the state's recent socio-economic survey, will include a central business district supported by specialised zones such as an AI City, Health City, Education Hub and a large life sciences cluster. Infrastructure proposals include radial road networks, underground utilities, smart grids and connectivity to Machilipatnam port. The development is being positioned as a net-zero, transit-oriented city with integrated public transport and a 15-minute living model. With over 50 per cent green cover and a 15,000-acre reserve forest, the project is intended to combine urban expansion with environmental planning.Read more

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Uttar Pradesh cabinet clears 20 MW floating solar project at Chilua Tal in Gorakhpur

25 Mar 2026

The Uttar Pradesh cabinet has approved the development of a 20 MW floating solar power plant at Chilua Tal in Gorakhpur as part of its ongoing push to expand renewable energy capacity. The project, to be executed by Coal India Ltd, will span around 80 acres of water surface allocated by the district administration. Officials noted that Gorakhpur is being developed as a solar city, following Ayodhya's designation as the state's first solar city. The initiative aligns with broader plans to promote solar energy across multiple municipal corporations in the state.Read more

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Delhi allows provisional NOC at 25% infrastructure charges to ease project approvals

25 Mar 2026

The Delhi government has allowed property owners and developers to obtain a provisional No Objection Certificate (NOC) by paying only 25% of infrastructure charges upfront. The move, implemented through the Delhi Jal Board, aims to reduce high initial costs that had slowed construction and redevelopment projects. The remaining amount will be paid later at the time of final approval. The decision follows concerns over steep increases in charges in recent years and is expected to improve project timelines, ease cash flow pressure, and support construction activity across the city.Read more

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Fire in Virar residential building prompts evacuation, nine residents rescued safely

Mumbai News Desk

25 Mar 2026

A fire broke out in a residential building in Virar, causing panic among residents before emergency services responded and brought the situation under control. Rescue teams managed to evacuate nine people from the building, and no injuries were reported. The incident highlights the importance of timely firefighting response and evacuation procedures in densely populated residential areas. Authorities ensured that the fire did not spread further within the structure, preventing casualties and limiting damage, while the exact cause of the fire is yet to be confirmed through further assessment.Read more

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Jaipur Master Plan 2047 faces criticism over planning gaps and expansion concerns

25 Mar 2026

Jaipur's Master Plan 2047 has come under criticism from urban planning experts over key structural gaps. Concerns include a sharp expansion of the city's planned area, low population density assumptions, and deviation from central planning guidelines. Experts have warned that including large rural areas without matching infrastructure could strain civic services and lead to inefficient development. The Rajasthan High Court has also stayed parts of the plan, indicating the need for review. These issues have raised concerns about the plan's practicality and long-term implementation.Read more

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Hyderabad plans INR 1,340 crore overhaul of 7.6 lakh streetlights under unified 10-year maintenance contract

Hyderabad News Desk

25 Mar 2026

Civic authorities in Hyderabad have outlined a INR 1,340 crore programme to replace, operate and maintain around 7.6 lakh streetlights across the Core Urban Region, covering multiple municipal corporations. The 10-year unified tender aims to address ageing infrastructure, with over 70 per cent of existing lights nearing the end of their lifecycle. The selected concessionaire will be responsible for full replacement of lighting units and centralised control systems within six months, followed by long-term maintenance. The project introduces real-time monitoring, strict performance-linked penalties and improved fault detection systems. The initiative is intended to streamline operations, reduce outages and improve accountability in urban lighting infrastructure across the Hyderabad metropolitan region.Read more

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Yamuna expressway authority clears INR 11,829 crore budget with major allocation for land acquisition near Noida airport

Noida News Desk

25 Mar 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has approved a budget of INR 11,829 crore for the upcoming financial year, with nearly two-thirds earmarked for land acquisition to support expansion around the Noida International Airport. Around INR 8,000 crore has been allocated for acquiring land to develop industrial and urban clusters, while additional provisions cover infrastructure in Yamuna City, airport-related works, and multi-modal connectivity. The authority has also approved a marginal increase in plot allotment rates across residential, commercial and group housing categories. The budget reflects a focus on accelerating development in the expressway corridor amid rising investor interest linked to the airport and associated economic activity.Read more

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Government targets rollout of 10,000 e-buses across 116 cities by 2027 with plan for additional 35,000 buses

24 Mar 2026

The central government has informed the Rajya Sabha that 10,000 air-conditioned electric buses will be deployed across 116 cities in 26 states and Union Territories by the end of 2027 under the PM e-Bus Sewa Scheme. The programme targets tier-2 and tier-3 cities with populations between 3 lakh and 40 lakh, aiming to improve urban mobility and reduce pollution. So far, tenders for 6,500 buses have been finalised and initial deliveries have commenced. The government has also indicated plans to introduce a second scheme to deploy an additional 35,000 e-buses, with revised guidelines under formulation. Implementation challenges remain in some states, including Bihar, where delays in setting up coordination committees have affected progress.Read more

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Delhi to undertake structural strengthening of Zakhira and Seelampur flyovers with INR 35 crore repair programme

Delhi News Desk

24 Mar 2026

The Delhi government has initiated a structural rehabilitation programme for the Zakhira and Seelampur flyovers, allocating a combined outlay of around INR 35 crore to address ageing infrastructure and safety concerns. The Public Works Department (PWD) has finalised the scope of work, with timelines of approximately 12 months for Seelampur and 18 months for Zakhira. Both flyovers, critical to the city's arterial network, have shown signs of wear due to prolonged usage and heavy traffic loads. The repair works will include replacement of expansion joints, strengthening of structural components and rehabilitation of damaged concrete. The initiative forms part of a broader effort to assess and upgrade older flyovers across Delhi amid increasing pressure on urban transport infrastructure.Read more

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