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

Vizhinjam port plans world-class cruise village on 20 acres near seaport

13 Mar 2026

Vizhinjam International Seaport in Kerala is moving ahead with plans to develop a 20-acre cruise village to support international cruise tourism. The port operator has formally submitted the proposal to state authorities, and it is under government review. The project is designed to align with future port expansion phases and provide a dedicated hub for cruise passengers, with facilities like lounges, baggage handling, customs, and transport connectivity to nearby tourist destinations. The initiative strengthens Vizhinjam's position as a growing maritime and cruise tourism hub.Read more

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Haryana forms joint panel to investigate illegal tree felling and construction in Raisina Aravalis

13 Mar 2026

Haryana authorities have set up a four-member joint committee to probe illegal tree felling and unauthorised construction in the Raisina village area of Sohna tehsil, Gurugram. The panel will inspect Gair Mumkin Pahar, uncultivable rocky land, to identify violations of environmental and forest laws and recommend preventive or remedial measures. This follows directions from the National Green Tribunal (NGT), which has been monitoring encroachments and illegal activities in the Aravali range for years. The committee's findings will be submitted for NGT review, and may lead to demolition, ecological restoration, or environmental compensation.Read more

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Cabinet approves revised INR 3,630.77 crore cost for road connectivity to Jewar airport

13 Mar 2026

The Union Cabinet has approved a revised project cost of INR 3,630.77 crore to develop a road corridor connecting the upcoming Noida International Airport at Jewar with major expressway networks in the National Capital Region. The 31.42-km greenfield corridor will link the airport to the Delhi-Mumbai Expressway through the DND Faridabad-Ballabhgarh-Sohna spur. Around 11 km of the road will be elevated to ensure smooth traffic flow. The project aims to improve access from Delhi, Faridabad and Gurugram and support passenger and cargo movement once the airport begins operations.Read more

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Indian Railways to redevelop 12 stations on Prayagraj DDU corridor with modern facilities

13 Mar 2026

Indian Railways has started a redevelopment programme for 12 stations along the Prayagraj Junction Pandit Deen Dayal Upadhyay (DDU) Junction corridor, aimed at improving passenger experience and operational efficiency. The initiative coincides with the construction of a third railway line designed for speeds up to 160 km/h. Redevelopment plans include modern station buildings, platforms dedicated to the third line, dual-entry access points, and upgraded foot over bridges. Early work at Karchana and Mirzapur stations, including new buildings and bridges, reflects progress on this significant corridor enhancement.Read more

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Supreme Court orders UP to remove encroachments for Kondli sewage treatment plant

13 Mar 2026

The Supreme Court has instructed the Uttar Pradesh government to clear all encroachments on land allocated for a new 66 MLD sewage treatment plant at Kondli, Ghaziabad, to prevent untreated wastewater from contaminating the Kondli drain and the Yamuna river. The court highlighted gaps in the state's affidavit regarding timelines and reasons for local disputes over access to the site. With some residents seeking a road through part of the land, the court emphasized the need for immediate action so construction can proceed without further delays.Read more

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Indian Railways approves INR 765 crore projects to upgrade traction systems and expand digital communication infrastructure

13 Mar 2026

Indian Railways has sanctioned infrastructure and technology upgrade projects worth over INR 765 crore to modernise electric traction systems and strengthen communication networks across key railway corridors. The approved works include traction system upgrades on the Duvvada-Visakhapatnam-Vizianagaram section under East Coast Railway and the Raichur Guntakal section in the South Central Railway zone, both of which will shift from the existing 125 kV electrification system to a more advanced 225 kV configuration. In addition, the railways have cleared a project to expand the optical fibre communication network across the Vadodara and Mumbai Central divisions of Western Railway. The upgrades are intended to support higher freight loading, improve operational reliability, and strengthen the digital backbone required for modern railway signalling and safety systems such as Kavach.Read more

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NHAI strengthens bitumen supply plans amid West Asia conflict risks

12 Mar 2026

The National Highways Authority of India (NHAI) is actively securing bitumen supplies to ensure uninterrupted road construction amid conflict in West Asia that threatens imports. India consumes nearly 9 million tonnes annually, with around one third traditionally sourced from abroad. NHAI is coordinating with domestic refiners including IOCL, BPCL, and HPCL to lock in supplies and manage price fluctuations. Officials are also considering increasing local production and diversifying imports to Southeast Asian countries to reduce dependency. Rising global prices and logistical challenges are key concerns for ongoing highway projects.Read more

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Arunachal Pradesh reports 96% completion of PMGSY roads, seeks deadline extension for remaining work

12 Mar 2026

Arunachal Pradesh has completed 1,254 out of 1,309 roads sanctioned under the Pradhan Mantri Gram Sadak Yojana (PMGSY), reaching about 96 percent progress in rural road development. The update was shared in the state Assembly by Rural Works Department minister Pasang Dorjee Sona. The remaining projects are mainly located in remote and difficult areas where construction has been affected by long monsoon seasons, landslides, terrain challenges and local land-related issues. The state government has requested the central government to extend the deadline until March 2027 and has also sought relaxation in eligibility norms to improve connectivity in smaller habitations.Read more

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Cabinet approves proposal to grant international status to Madurai airport

12 Mar 2026

The Union Cabinet has approved a proposal to declare Madurai Airport as an international airport, a move aimed at improving global connectivity for southern Tamil Nadu. The decision is expected to support tourism, trade, and economic activity in and around Madurai, which is an important cultural and industrial centre in the region. Officials stated that the proposal was cleared considering the long-standing demand from local residents and businesses. The upgrade will allow airlines to operate more direct international services and strengthen the city's role in regional aviation and tourism development.Read more

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Green protest over tree damage during Dum Dum road works

12 Mar 2026

In Kolkata's Dum Dum area, ongoing road repair work has led to protests by local residents and environmental groups, who raised concerns over damage to trees and saplings. Concrete bases were reportedly placed around some trees, affecting their roots, while other saplings were uprooted. Activists argue that such actions violate National Green Tribunal and Calcutta High Court guidelines. They demanded immediate removal of concrete encasements and replantation of damaged saplings. Residents said repeated requests to protect trees during construction were ignored, highlighting tension between infrastructure development and urban greenery.Read more

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Developer arrested in INR 55 crore Versova redevelopment fraud case in Mumbai

Mumbai News Desk

12 Mar 2026

Mumbai Police's Economic Offences Wing has arrested a developer in connection with an alleged INR 55 crore redevelopment fraud linked to a housing society in Versova, Andheri. The case relates to a 13-flat residential redevelopment project where residents claim their properties were misused through forged agreements and illegal transactions. According to investigators, flats meant for original society members were mortgaged to banks and sold to third parties without their consent. The arrest follows an earlier action against another developer involved in the project, and authorities are now examining financial records and property documents to trace the full extent of the fraud.Read more

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Navi Mumbai International Airport to partner Airport 360 Expo 2026 as premium airport partner

12 Mar 2026

Navi Mumbai International Airport Ltd (NMIAL), a joint venture between the Adani Group and City and Industrial Development Corporation (CIDCO), has been named the premium airport partner for Airport 360 Expo 2026, scheduled to take place in Mumbai on April 23-24. The aviation industry event will bring together airport operators, policymakers, infrastructure planners and technology providers to discuss airport infrastructure, operations and emerging technologies. Through this partnership, NMIAL is expected to present insights from the development of Navi Mumbai International Airport and participate in discussions on passenger experience, operational efficiency and sustainable airport infrastructure in India.Read more

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Encroachment on railway land delays INR 283 crore Dimapur station redevelopment, issue raised in Nagaland Assembly

12 Mar 2026

Encroachment on railway land in Dimapur has become a major obstacle to the redevelopment of the city's railway station under the Amrit Bharat Station Scheme. The issue was discussed during the Budget session of the Nagaland Legislative Assembly, where legislators highlighted that a large portion of railway land is currently occupied by families and various structures. The proposed redevelopment project, estimated at around INR 283 crore, has been delayed due to disputes involving landowners and occupants. The state government is now in discussions with railway authorities and stakeholders to resolve the matter and allow the project to move forward.Read more

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Vizhinjam–Navaikulam outer ring road awaits environmental clearance for revised alignment

12 Mar 2026

The Vizhinjam Navaikulam Outer Ring Road project in Kerala is awaiting environmental clearance from the Ministry of Environment, Forest and Climate Change for its revised alignment. The INR 8,000 crore project, part of the Bharatmala Pariyojana programme, aims to improve connectivity to the Vizhinjam International Seaport and ease regional traffic congestion. Earlier clearance was withdrawn after realignment to address ecological concerns. Once approved, authorities plan to start land acquisition and compensation for affected owners. Multiple procedural hurdles and alignment revisions have caused delays, but officials expect approvals to progress soon.Read more

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NHAI-backed Raajmarg Infra InvIT IPO subscribed 16% on first day, raises INR 1,728 crore from anchor investors

12 Mar 2026

The initial public offering (IPO) of Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), was subscribed 16% on the first day of bidding. The INR 6,000 crore InvIT issue received bids for 3.39 crore units against 21.33 crore units on offer, according to stock exchange data. The institutional investor category was subscribed 20%, while the portion reserved for other investors saw 11% subscription. A day earlier, the InvIT raised INR 1,728 crore from anchor investors including Life Insurance Corporation of India, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance and Bajaj Life Insurance. The issue is priced at INR 99-100 per unit and will remain open until March 13. The InvIT is backed by an initial portfolio of five toll road assets spanning more than 260 km across four states.Read more

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Maharashtra suspends new autorickshaw permits amid rising vehicle numbers and policy review

12 Mar 2026

The Maharashtra government has suspended the issuance of new autorickshaw permits across the state while it reviews the current policy and prepares a revised framework. Transport Minister Pratap Sarnaik stated that the decision was taken due to the sharp increase in autorickshaws, traffic congestion in major cities and complaints about irregularities in permit distribution. Around 14 lakh permits have already been issued in the state, with over 10 lakh autorickshaws currently registered. The transport department will place a proposal before the state cabinet to finalise fresh rules and eligibility criteria for issuing permits in the future.Read more

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China plans new highways near India border under 15th five-year plan

12 Mar 2026

China is planning to expand and strengthen highway infrastructure in border regions close to India under its upcoming 15th Five-Year Plan. The draft proposal includes construction of a 394 km highway in the Xinjiang Uygur Autonomous Region to improve connectivity between the northern and southern sides of the Tianshan Mountains. The planned route will run parallel to a strategic road passing through the disputed Aksai Chin region. The broader plan also includes upgrading three existing highways connected to Tibet and continuing work on the Dushanzi Kuqa highway project, which is expected to be completed in 2032.Read more

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Bhopal Metro begins underground tunnelling as TBMs start excavation

12 Mar 2026

Bhopal Metro's Orange Line has entered its underground construction phase with tunnel boring machines (TBMs) positioned for excavation. Spanning nearly 15 kilometers from Karond intersection to AIIMS Bhopal, the line combines elevated and subterranean sections. Work is focused near high-density urban areas including Bhopal Railway Station, Nadra Bus Stand, and Pul Bogda, where precise tunnelling is required. Officials expect the twin tunnels to be completed in the coming months. This development follows the opening of the elevated Subhash Nagar AIIMS stretch and is part of a larger two-line metro plan to improve connectivity and reduce congestion.Read more

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Jewar airport gets aerodrome licence; flight operations expected to begin soon

12 Mar 2026

Noida International Airport at Jewar in Uttar Pradesh has received its aerodrome licence, bringing the project close to starting operations. Union Civil Aviation Minister Kinjarapu Rammohan Naidu informed the Rajya Sabha that the airport is expected to be inaugurated soon and flight services could begin within the next two months. The greenfield airport is being developed to improve aviation capacity in the National Capital Region and nearby parts of Uttar Pradesh. In the first phase, the airport will operate with a single runway and a passenger terminal designed to handle about 12 million passengers annually.Read more

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Maharashtra government assures completion of Patra Chawl redevelopment amid protests and corruption allegations

12 Mar 2026

The Maharashtra government has assured the state assembly that the long-delayed Patra Chawl redevelopment project in Goregaon will be completed and houses will be handed over to eligible residents. The 47-acre project, which involves rehabilitation of 672 tenant families, has remained stalled for nearly 18 years due to redevelopment delays, investigations and legal disputes. Legislators raised concerns over incomplete work and residents' protests. The government stated that documentation related to the project has been processed and meetings will be held with stakeholders to resolve pending issues. Authorities will also examine complaints regarding construction quality before handing over flats.Read more

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