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

Short circuit leads to minor fire at Mumbai airport terminal 1, operations remain unaffected

Mumbai News Desk

12 Apr 2026

A fire incident took place at Chhatrapati Shivaji Maharaj International Airport's Terminal 1 in Mumbai during the evening of April 9 after a short circuit occurred in an electrical section of a three-storey structure near the 1-B Circle area. The fire was quickly detected and brought under control by the Mumbai Fire Brigade along with the airport's emergency response team. Authorities confirmed that the fire remained minor in nature, no casualties were reported, and flight operations were not affected. As a precaution, some electrical systems were briefly shut and safety checks were carried out.Read more

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Defence ministry to develop Adilabad airport with civil aviation support

12 Apr 2026

The Defence Ministry, along with civil aviation authorities and the Telangana government, is moving ahead with plans to develop the long-proposed Adilabad airport as a joint-use facility. The project will allow defence-related training operations to function alongside civilian flight services. A joint inspection of the 300-acre site is scheduled in the coming days, involving all key stakeholders. After the assessment, a detailed project report is expected to be prepared within a few months. The initiative is aimed at improving regional connectivity and supporting infrastructure growth in northern Telangana.Read more

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28 returnable plots allocated to farmers in Amaravati

12 Apr 2026

Under the Negotiated Partnership Scheme, 28 returnable residential plots were distributed to farmers displaced by road expansion in Amaravati's R-1 zone. The e-lottery, conducted at APCRDA headquarters, allocated plots to 29 farmers from Borupalem, Kuragallu, and Undavalli. Ten of these plots were assigned to residents of Kuragallu village who had homes on Cheruvu Poramboku land since December 2014, providing them both replacement land and compensation. Officials, including the Special Grade Deputy Collector, guided beneficiaries on registration and plot location assistance, ensuring proper implementation of the scheme.Read more

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World Bank and Asian Development Bank team completes successful visit to Amaravati

12 Apr 2026

A World Bank and Asian Development Bank team recently concluded a three-day visit to Amaravati to review the ongoing construction and development projects in the capital. Officials from APCRDA, led by Additional Commissioner A. Bhargava Teja IAS, presented progress updates and discussed issues such as investment promotion, disaster prevention, inclusive housing, water and wastewater management, road development, and social welfare program implementation. The visit involved detailed discussions with PMC staff and contract representatives, with the WB and ADB team providing recommendations to strengthen planning, governance, and infrastructure management in the capital.Read more

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Mumbai crosses 100 km metro network, moves ahead of Bengaluru

12 Apr 2026

Mumbai's metro network has crossed the 100 km mark after the addition of new stretches on Lines 9 and 2B, helping the city overtake Bengaluru to become India's second-largest metro network. The expansion has improved connectivity in Thane and eastern suburbs. Bengaluru now stands third with around 96 km, with delays in key lines affecting its pace of growth. While Mumbai has seen faster execution in recent years, Bengaluru continues to work on multiple upcoming corridors, which are expected to significantly expand its network over the next two years.Read more

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Navi Mumbai civic body approves INR 6,904.43 crore budget for FY27 with focus on infrastructure and public services without tax increase

12 Apr 2026

The Navi Mumbai Municipal Corporation (NMMC) has approved a budget of INR 6,904.43 crore for FY2026-27, following deliberations in its general body meeting held in the past week. The budget, cleared under Section 100 of the Maharashtra Municipal Corporation Act, includes a revised estimate of INR 5,830.82 crore for FY2025-26 and incorporates an increase of INR 200 crore in the opening balance. The final expenditure for FY2026-27 has been set at INR 6,889.43 crore, leaving a closing balance of INR 15 crore. Civic officials stated that the budget prioritises urban infrastructure, sanitation, healthcare, education and welfare schemes, while avoiding any tax increase. The administration has also outlined measures to improve revenue collection, particularly through property tax and water charges, alongside expanding digital governance services.Read more

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Uttar Pradesh moves ahead with eight data centre parks targeting INR 2 lakh crore investment

12 Apr 2026

The Uttar Pradesh government is progressing with plans to develop eight data centre parks across major cities, with expected investments of around INR 2 lakh crore. The projects are likely to generate over 50,000 direct jobs and strengthen digital infrastructure in the state. Land allocation has moved forward in key locations like Noida and Greater Noida, with some projects already under construction. Several domestic and global companies have shown interest, supported by policy incentives, power infrastructure planning and the state's focus on becoming a data centre and AI hub.Read more

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Dwarka Expressway records 200% price growth over a decade as infrastructure completion and policy support drive demand

12 Apr 2026

The Dwarka Expressway corridor in NCR has witnessed a sharp rise in property values, with prices increasing nearly threefold over the past decade, according to market data. Average residential rates have moved from around INR 4,900 per sq ft in 2016 to approximately INR 14,800 per sq ft in 2026, reflecting strong end-user demand and infrastructure-led growth. The operationalisation of the 29-km expressway in the past year, along with additional connectivity upgrades, has improved accessibility between Delhi and Gurugram. Government measures, including a 67% increase in circle rates and project approvals exceeding INR 86,500 crore in 2025, indicate sustained investment activity. The corridor has also recorded an absorption rate of over 97%, alongside ongoing development of social and urban infrastructure, strengthening its position as a key residential and mixed-use growth zone.Read more

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Gujarat partners Inductus Group to position state as global hub for capability centres

12 Apr 2026

The Department of Science and Technology, Government of Gujarat, has signed a memorandum of understanding with Inductus Group to promote the state as a destination for Global Capability Centres (GCCs). The agreement, formalised in the past week, aims to strengthen Gujarat's positioning in the global technology and innovation ecosystem by leveraging its infrastructure, policy framework and talent base. Under the collaboration, Inductus Group will provide advisory services including location strategy, investment facilitation and GCC enablement. The move comes amid increasing interest from multinational firms in emerging Indian cities beyond traditional metros. The initiative is expected to support the development of IT-led commercial ecosystems, enhance investment inflows and facilitate the establishment of technology-driven business operations within the state.Read more

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Ahmedabad civic body shifts parking responsibility to property owners under revised regulations

12 Apr 2026

The Ahmedabad Municipal Corporation (AMC) has introduced revised parking regulations placing direct responsibility on property owners to manage vehicle parking within their premises across the city. Under the new framework, owners of residential and commercial buildings must ensure that vehicles belonging to occupants and visitors are accommodated internally, with strict restrictions on roadside and public-space parking. Non-compliance could result in suspension or cancellation of building usage permissions under existing development control regulations. The rules also mandate appointment of parking managers, installation of signage, and submission of annual self-declarations confirming compliance. The move forms part of the civic body's broader efforts to address traffic congestion and improve urban mobility across high-density areas.Read more

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Porvorim elevated corridor completion pushed to October 2026 amid execution delays and pending structural work

12 Apr 2026

The completion of the six-lane Porvorim elevated corridor in Goa has been delayed, with authorities now targeting October 2026 for commissioning. The revision, highlighted in the past week, follows continued execution challenges, including traffic management constraints, foundation-related adjustments and slower-than-expected structural progress. The project, being developed along NH-66, is intended to ease congestion on a key stretch linking Panaji and Mapusa. Officials indicated that a substantial portion of the work has been completed, but critical segments of the superstructure remain pending. The corridor, originally scheduled for completion earlier, has seen multiple timeline revisions due to on-ground constraints. The extended deadline reflects the need to complete remaining works while maintaining safety and construction standards.Read more

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Vinci to acquire Macquarie’s Indian toll road portfolio for USD 1.7 billion, marking re-entry into infrastructure sector

11 Apr 2026

French infrastructure company Vinci SA has agreed to acquire a portfolio of nine operational toll highways in India from Macquarie Asset Management for an enterprise value of about USD 1.7 billion (approximately INR 15,000 crore), in one of the largest road asset transactions in the country. The deal, announced in the past week, involves assets held under the Safeway Concessions platform, spanning nearly 700 km across Andhra Pradesh and Gujarat. Originally acquired by Macquarie in 2018 under the toll-operate-transfer (TOT) model, the assets are being divested as part of its portfolio strategy. The transaction is subject to regulatory approvals and is expected to reach financial closure by end-2026, with Vinci likely to house the assets under a local operating structure.Read more

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RITES secures contract value increase to INR 118.89 crore for NALCO railway siding project

11 Apr 2026

RITES Limited has received a revision in the value of its ongoing consultancy contract with National Aluminium Company Limited (NALCO), increasing the total project cost to INR 118.89 crore from INR 79.73 crore. The project involves detailed engineering and project management consultancy for a railway siding at the Utkal-D coal mines in Odisha. The increase reflects an expanded scope of work under the existing agreement. Executed on a cost-plus basis, the project supports coal evacuation infrastructure and strengthens RITES order book visibility in the railway consultancy segment.Read more

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MPCB directs Pune civic body to address sewage treatment gaps within six months, flags large-scale untreated discharge

Pune News Desk

11 Apr 2026

The Maharashtra Pollution Control Board (MPCB) has directed the Pune Municipal Corporation to address gaps in sewage treatment infrastructure within six months and achieve full sewer network coverage within four months, following a recent review of pollution levels in the city. The directive, issued in the past week, comes after findings that Pune generates around 980 million litres per day (MLD) of sewage, of which nearly 500 MLD is being discharged untreated into the Mula and Mutha rivers through multiple drains. The regulator has asked the civic body to intercept major nullahs, halt direct discharge, and submit a time-bound action plan. The order also covers improvements in solid waste management and air pollution control, indicating broader concerns around urban environmental infrastructure and compliance.Read more

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Karnataka plans EV charging stations at 60–70 km intervals on state highways to support intercity electric mobility

11 Apr 2026

The Karnataka government is planning to install electric vehicle (EV) charging stations at intervals of 60-70 km along state highways, in a move aimed at strengthening intercity charging infrastructure and encouraging EV adoption. The initiative, outlined in the past week, will be implemented by Bangalore Electricity Supply Company in collaboration with Karnataka Road Development Corporation Limited across a 3,000-km highway network. Charging points are proposed at toll plazas, bus bays, truck lay-bys and select operational facilities. Initial site assessments have identified a majority of locations as viable, with fast-charging capability expected at several stations. The plan seeks to address range anxiety among EV users and improve long-distance travel feasibility, while supporting the state's broader push towards clean mobility.Read more

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ADC focuses on eco-tourism and sustainable infrastructure in Amaravati

11 Apr 2026

ADC is developing Amaravati with a strong focus on eco-tourism and sustainable infrastructure. The Gravity Canal is being transformed into a tourist attraction, while reservoirs in Neerukonda and Penumaka are under construction to support water management and recreational activities. ADC's Translocation Nursery preserves large trees and medicinal plants displaced by construction and will serve as a community space. World Bank representatives visited these projects, acknowledging the efforts as innovative and impactful for the city's development and environmental sustainability.Read more

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UP clears PPP-based redevelopment of 49 bus stations to boost transport infrastructure

11 Apr 2026

The Uttar Pradesh government has approved the redevelopment of 49 bus stations under a public-private partnership model to improve transport infrastructure and passenger facilities. The project, led by UPSRTC, is expected to attract investment of over INR 4,000 crore without direct government spending. The plan includes modernising stations into multi-use hubs with better amenities and commercial spaces. Revised policy norms such as relaxed eligibility criteria and longer lease periods are aimed at increasing private sector participation and ensuring smoother execution across districts.Read more

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Uttar Pradesh approves forestry and horticulture university in Gorakhpur to boost green development

11 Apr 2026

The Uttar Pradesh Cabinet has approved the establishment of a Forestry and Horticulture University in Gorakhpur, aimed at strengthening environmental education and research. Planned over nearly 50 hectares with an investment of over INR 491 crore, the project has already received an initial allocation of INR 50 crore. The university will offer a wide range of courses in forestry, horticulture, and climate-related fields. It is expected to support biodiversity conservation, improve forest cover, and create employment opportunities while contributing to sustainable agriculture and ecological balance in the state.Read more

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Pune court denies bail in metro tunnel damage case linked to illegal borewell work

11 Apr 2026

A Pune sessions court has rejected anticipatory bail pleas of a homeowner and a borewell contractor accused of damaging an underground metro tunnel in Shukrawar Peth. The incident occurred during unauthorised drilling, which punctured the tunnel and caused water seepage onto the tracks. The court noted serious risks to public safety and infrastructure and allowed the investigation to proceed without protection from arrest. A case has been registered under the Bharatiya Nyaya Sanhita and the Metro Railways Act, with potential imprisonment of up to 10 years.Read more

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Maha Metro and Nagpur civic body introduce feeder bus service on Hingna Road to improve last-mile connectivity

11 Apr 2026

Maharashtra Metro Rail Corporation (Maha Metro), in collaboration with the Nagpur Municipal Corporation (NMC), has announced a feeder bus service along Hingna Road to strengthen last-mile connectivity for Metro commuters. The service, expected to commence shortly, will connect Lokmanya Nagar Metro Station with key institutions including Lata Mangeshkar Hospital and prominent engineering colleges in the Hingna corridor. The initiative follows demand from students and patients who rely on public transport for daily access. Registration drives for Maha Card and bus passes have also been initiated to support integration. The move is aimed at improving multimodal transport usage and reducing reliance on private vehicles in a rapidly developing urban stretch of Nagpur.Read more

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