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

Noida International Airport receives DGCA aerodrome licence, clearing a key regulatory step ahead of commercial flight operations

Noida News Desk

13 Mar 2026

Noida International Airport at Jewar in Gautam Buddha Nagar district has received an aerodrome licence from the Directorate General of Civil Aviation (DGCA), marking a critical regulatory milestone ahead of the launch of scheduled commercial operations. The licence certifies that the airport's infrastructure, operational procedures, navigation systems, and safety protocols comply with national civil aviation regulations. The approval follows security vetting by the Bureau of Civil Aviation Security (BCAS) and allows the airport operator to advance preparations for passenger and cargo services. Officials indicated that the start of commercial flights will be finalised after approval of the Aerodrome Security Programme by BCAS and coordination with airlines and government authorities. Developed as a greenfield airport serving the National Capital Region and western Uttar Pradesh, the facility's first phase includes a runway and a terminal designed to handle up to 12 million passengers annually.Read more

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New Indore–Hyderabad highway with mountain tunnels expected to improve interstate travel

13 Mar 2026

A new highway corridor connecting Indore in Madhya Pradesh with Hyderabad is progressing steadily and is expected to improve road connectivity between central and southern India. The four-lane highway forms part of the Indore Ichhapur National Highway and includes three tunnels through difficult mountainous terrain to remove dangerous ghat sections. Officials from the National Highways Authority of India recently reviewed the project and indicated that the corridor is likely to be completed by December 2026. Once operational, the route is expected to reduce travel time, improve road safety and support smoother movement of passenger and commercial vehicles.Read more

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IDBI Bank signs lease agreement to set up INR 50 crore office in Amaravati

13 Mar 2026

IDBI Bank has moved ahead with plans to establish a new office in Amaravati after signing a lease agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA). The bank has been allotted 0.4 acres of land in Uddandarayunipalem where it plans to develop its office with an investment of about INR 50 crore. The project is expected to generate around 200 employment opportunities. Officials from IDBI Bank and APCRDA completed the agreement and registration process in the presence of senior representatives, marking another institutional investment in the developing capital region.Read more

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Grew Solar wins repeat INR 500 crore order for high-efficiency PV modules

13 Mar 2026

Grew Solar has secured a repeat order worth around INR 500 crore from an Independent Power Producer to supply its high-efficiency solar PV modules. The order is intended to support upcoming utility-scale solar projects at multiple locations across India. The company operates a 6.5 GW module manufacturing plant in Dudu, Rajasthan, with plans to expand to 11.0 GW, and is setting up an 8.0 GW solar cell facility in Narmadapuram, Madhya Pradesh. This new order reinforces the company's position in India's growing solar energy sector.Read more

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Skye Air Mobility raises USD 9 million in Series B funding to expand drone delivery network

13 Mar 2026

Drone logistics company Skye Air Mobility has raised USD 9 million in a Series B funding round led by IAN Alpha Fund, with participation from AVNM Ventures, Faad Capital and Bajaj Capital. The funding will be used to expand the company's hyperlocal drone delivery network and strengthen its technology infrastructure across India. Founded in 2019, the company has already completed around 3.6 million autonomous deliveries and works with clients such as Blue Dart Express, Flipkart and Tata 1MG. The fresh capital will support geographic expansion and further development of its airspace management and logistics technology platforms.Read more

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TruBridge launches global capability centre in Chennai to expand revenue cycle management and healthcare technology operations

13 Mar 2026

US-based healthcare solutions provider TruBridge has established a global capability centre (GCC) in Chennai to expand its technology-enabled revenue cycle management (RCM) operations and strengthen its global delivery network. The centre has been set up in partnership with consulting firm Zinnov and will initially focus on services including accounts receivable management, medical coding, consulting and related RCM support for hospitals. The facility begins operations with an initial workforce of 57 professionals and is expected to scale significantly over the next 12-18 months as capabilities expand. TruBridge, which supports over 1,500 healthcare clients and employs around 3,500 people globally, said the India expansion is aimed at strengthening operational capacity, advancing healthcare technology innovation and improving financial outcomes for healthcare providers. The centre will operate as part of the company's global service network while adhering to established data privacy and compliance standards.Read more

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Mumbai to develop entry arches with parks, parking and amenities at key city points

Mumbai News Desk

13 Mar 2026

Mumbai's civic administration is moving forward with a plan to build distinctive entry arches at major entry points, complemented by practical amenities. The mayor recently visited Vashi, Airoli, and Mulund entry points to review progress and fast-track planning. The arches will be accompanied by landscaped parks, parking spaces, air conditioned restrooms, and designated stalls for local entrepreneurs and community groups. Additionally, a transport and commercial hub is being planned at the former Dahisar octroi site, integrating bus services, retail spaces, and hotels to improve connectivity and revenue generation.Read more

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Opening of Chennai MRTS Velachery–St Thomas Mount extension and initial Phase-2 Metro stretch delayed due to pending approvals and incomplete works

Chennai News Desk

13 Mar 2026

The launch of two major urban rail projects in Chennai the MRTS extension from Velachery to St Thomas Mount and the first operational stretch of Chennai Metro Phase-2 has been delayed, postponing services that were expected to begin in early March. The 4.5 km MRTS extension, built at a cost of about INR 734 crore, is awaiting final safety certification from the Chief Commissioner of Railway Safety (CCRS) before passenger operations can commence. At the same time, the initial 14.6 km section of Metro Phase-2 between Poonamallee Bypass and Vadapalani has received conditional clearance but cannot open until remaining construction works, including deck slab installations on a double-decker viaduct, are completed. The two projects are expected to strengthen multimodal connectivity in the city by linking suburban rail, MRTS and metro networks once operational.Read more

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Gujarat to monitor over 1.5 lakh public assets through new digital safety portal

13 Mar 2026

The Gujarat government has launched a statewide system to digitally track and monitor more than 1.5 lakh public assets through an Asset Safety Monitoring Portal. The platform will integrate information on roads, bridges, government buildings and other infrastructure to ensure regular inspection and maintenance. A directive issued by the General Administration Department requires officials to upload inspection reports and photographs through the portal. District collectors and municipal commissioners will conduct periodic reviews, while a dedicated monitoring cell will oversee operations at the state level. The system is expected to help authorities identify structural risks early and ensure timely repairs.Read more

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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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