06 Apr 2026

India Infrastructure Finance Company Ltd (IIFCL) has highlighted the critical role of the infrastructure sector in sustaining long-term economic growth and achieving the Viksit Bharat 2047 vision. Addressing a stakeholder meeting attended by over 100 participants from across the infrastructure and financial ecosystem, senior officials pointed to expanding opportunities in transport, urban infrastructure, and clean energy, supported by a strong project pipeline and policy backing. The institution emphasised its focus on diversified and sustainable financing, including ESG-aligned investments and global partnerships. Discussions also centred on the need for innovative funding structures and greater capital market participation to support the next phase of infrastructure development in India.Read more

06 Apr 2026

Ceigall India has secured 15 power purchase agreements through its subsidiary to supply electricity from a 130 MW solar project in Madhya Pradesh under the Surya Mitra Krishi Feeder Yojana. The project will provide daytime power to the agricultural sector and support clean energy goals. With an EPC cost of around INR 572 crore, the project will be executed within 12 months and operated for 25 years at a tariff of INR 2.85 per unit. This marks the company's entry into solar energy alongside its infrastructure business.Read more

06 Apr 2026

India Infrastructure Finance Company Ltd (IIFCL) is planning to mobilise up to USD 1 billion in long-term commercial debt during the ongoing quarter through a guarantee structure supported by the Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group. The proposed fundraising, currently under approval, will not carry a sovereign guarantee and is intended to reduce pressure on the public exchequer while supporting infrastructure financing. The state-owned lender is in advanced discussions with global banks for a 15-year tenure borrowing. The move follows IIFCL's recent overseas fundraising success, including a USD 500 million issue from Japan. The company continues to strengthen its balance sheet, reporting improved profitability and maintaining low non-performing assets.Read more

Mumbai News Desk

06 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is moving forward with its smart parking project, nearly six years after it was first proposed. The initiative aims to consolidate all public and private parking spaces into a single digital platform accessible via a mobile app or web portal, allowing motorists to view and reserve parking slots in advance. With over 350 on street and 26 off street parking locations, the system also plans to include residential associations spaces during daytime. The project has an initial budget of INR 3 crore and is expected to ease parking shortages and traffic congestion across Mumbai.Read more

06 Apr 2026

Indian Railways transported 1,670 million tonnes of cargo in the recently concluded financial year, achieving a 3.25% rise over the previous year. Growth was driven primarily by fertilisers, pig iron, and finished steel, along with increased shipments of iron ore and cement. The number of wagons handled also increased by 4.56%, reflecting improved operational efficiency and capacity. Several zones, including South Western, North Central, East Coast, and West Central Railways, reported strong double-digit growth. The performance underscores railways crucial role in supporting industrial activity and bulk commodity logistics across India.Read more

06 Apr 2026

M3M India has announced a construction acceleration programme with an investment outlay of INR 14,500 crore to expedite delivery across its 45 million sq ft under-development portfolio. The initiative, funded entirely through internal accruals and working capital, will maintain the company's zero-debt position. As part of the plan, around 7.8 million sq ft has been prioritised for completion by FY27, spanning premium residential and mixed-use commercial developments, largely in Gurugram. Key projects include M3M Capital 113 and M3M Antalya Hills 79, alongside commercial assets such as M3M Paragon 57. The phased delivery pipeline is expected to extend over the next few years, with a focus on improving execution timelines and project completion rates.Read more

Hyderabad News Desk

06 Apr 2026

The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has cleared encroachments from an 8.24-acre lake in Manchirevula, Gandipet, as part of an ongoing enforcement drive across Hyderabad's urban region. The operation involved removal of illegal structures erected by private entities, including boundary walls and temporary constructions on the lake bed. Parallel actions were undertaken in Bowrampet, Avushapur, and Jubilee Hills, targeting encroachments on roads, park land, and stormwater drains. The agency's actions follow complaints and field inspections, with a focus on restoring water bodies and public land. The drive forms part of broader efforts to address urban encroachments affecting drainage systems, infrastructure, and land use compliance in the city.Read more

Delhi News Desk

06 Apr 2026

Delhi International Airport Limited (DIAL) has indicated that recent restrictions on duty-free access, food delivery services, and mobile retail carts could lead to an estimated annual revenue loss of around INR 344 crore. These curbs, introduced on security grounds, are expected to impact non-aeronautical revenue streams, which play a key role in airport earnings. The operator has flagged that reduced commercial income may eventually affect passenger charges. It has urged the government to review the measures, highlighting both financial and passenger convenience concerns.Read more

Bangalore News Desk

06 Apr 2026

The Bangalore Development Authority (BDA) has announced six new residential projects comprising 4,251 flats across multiple locations in Bengaluru, with a total investment of around INR 3,200 crore. The projects, currently under construction, span areas such as Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, and include 1BHK to 4BHK units. The initiative reflects a shift towards vertical housing in response to land constraints and rising population pressures. The authority has also introduced an online allotment system to improve transparency. Previous housing schemes have seen over 13,000 flats completed, with more than 10,000 already allotted, indicating continued public participation in state-led housing delivery.Read more

06 Apr 2026

Maharashtra is establishing the Maharashtra State River Rejuvenation Authority (MSRRA) to address river pollution and manage basin-level restoration projects. The authority will focus on 54 polluted river stretches, with priority rivers including the Godavari, Bhima, Indrayani, Mula, Mutha, and Nag. The Environment Ministry aims to secure an annual allocation of INR 400 crore, forming part of a planned INR 2,000 crore fund over five years. The authority will integrate multiple departments, streamline project execution, and consolidate existing river-cleaning initiatives to improve effectiveness and prevent duplication of efforts.Read more

05 Apr 2026

The Bhubaneswar Development Authority (BDA) has entered into an agreement with Singapore-based consultancy Surbana Jurong to prepare a comprehensive master plan for an 800-acre New City project on the outskirts of Bhubaneswar. The proposed development, spread across Gothapatna, Malipada, and Daspur, is planned as a transit-oriented, mixed-use urban hub aligned with Odisha's long-term development vision. The project, with an approved outlay of approximately INR 8,179 crore, aims to accommodate urban expansion, provide affordable housing across income groups, and integrate commercial, residential, and institutional zones. The plan will incorporate sustainable infrastructure, public transport systems, and economic clusters to guide structured growth and reduce unplanned urban sprawl in the capital region.Read more

05 Apr 2026

Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd, has acquired a 100% stake in out-of-home (OOH) advertising firm Skyiwave for INR 3 crore through a cash transaction. The acquisition, completed in recent days, brings Skyiwave under AAHL as a wholly owned subsidiary and a step-down arm of Adani Enterprises. Incorporated in 2016, Skyiwave operates in hoardings and media solutions, with a turnover of INR 16.51 lakh in FY25. The move is aimed at strengthening non-aeronautical revenue streams by enabling the management and expansion of advertising assets across Adani's airport network. The transaction does not involve related parties and did not require regulatory approvals.Read more

05 Apr 2026

Toll charges on the Dwarka Expressway have been revised from the start of the new financial year, increasing travel costs for commuters using the Delhi Gurugram corridor. The revision, implemented by the National Highways Authority of India (NHAI) at the Bijwasan toll plaza, forms part of the annual toll adjustment exercise across national highways. The increase is expected to have a direct impact on cab fares, given the limited availability of public transport along the expressway. The corridor, which connects key residential and commercial zones, already operates under an integrated tolling system, and the revised rates are likely to raise daily commuting expenses, particularly for frequent users without monthly or annual passes.Read more

05 Apr 2026

A strategic partnership has been signed between the Mumbai Metropolitan Region Development Authority (MMRDA), the Maharashtra government, and the Government of Moscow to strengthen urban development cooperation. The agreement focuses on infrastructure, innovation, tourism, healthcare, and skill development. It aims to bring global expertise to the Mumbai Metropolitan Region (MMR) and support its growth as a major economic hub. With MMR already contributing around 5-6% to India's GDP and targeting USD 300 billion economic output by 2030, the collaboration is expected to support long-term planning, improve infrastructure delivery, and enhance overall urban living standards.Read more

Delhi News Desk

05 Apr 2026

The Delhi government has approved a INR 626.8 crore road strengthening and repair programme to be executed by the Public Works Department (PWD) across major corridors in east, south, and north Delhi. Announced in the past week, the initiative targets heavily used arterial and feeder roads, with funds distributed region-wise to address traffic load and deteriorating road conditions. Key stretches identified for upgrades include West End Marg, Mandi Road, and Barapullah Elevated Road. The works will involve resurfacing, structural strengthening, and maintenance interventions aimed at improving ride quality and extending road life. Bids for the projects have already been invited, indicating the start of implementation in the new financial year.Read more

05 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) is planning to impose parking restrictions in narrow lanes across Mumbai to address obstruction faced by emergency services. The move, under consideration in the past week, targets densely populated localities such as Kalbadevi, Girgaon, and Byculla, where illegal and haphazard parking has been delaying fire engines and ambulances. Authorities are evaluating measures including odd-even parking and no-parking zones in highly congested stretches. Industry stakeholders have highlighted that the issue reflects a broader infrastructure gap, calling for integration of structured and technology-driven parking solutions in urban planning. The development comes amid increasing vehicle ownership and limited availability of organised parking infrastructure in older parts of the city.Read more

05 Apr 2026

The Union government has approved a INR 438.29 crore project to redevelop Berth No. 9 at New Mangalore Port in Karnataka, aimed at enhancing liquid bulk cargo handling capacity. Cleared in the past week, the project will be implemented under a public-private partnership (PPP) model with a 30-year concession period, including a two-year construction phase. The upgrade will increase capacity to 10.9 million tonnes per annum (MTPA) and allow handling of large vessels, including Very Large Gas Carriers. The redevelopment involves dismantling ageing infrastructure and introducing mechanised systems and modern safety features. The initiative is part of broader efforts to strengthen maritime logistics, improve energy cargo handling, and enhance port efficiency along India's western coast.Read more

05 Apr 2026

The Prime Minister's Office (PMO) has raised concerns over deficiencies in dust control and waste management measures in Delhi, directing civic and infrastructure agencies to address gaps or face action. The issue was reviewed at a high-level meeting of the Implementation Committee for Control of Air Pollution, where shortcomings in road dust management, construction waste removal, and grievance redressal systems were highlighted. Agencies including the Municipal Corporation of Delhi (MCD) and Delhi Metro Rail Corporation (DMRC) were instructed to strengthen enforcement and submit action taken reports. The review also flagged operational constraints such as limited mechanised sweeping and inefficiencies in complaint handling systems, indicating increased oversight of urban environmental compliance.Read more

05 Apr 2026

IRB Infrastructure Trust has begun toll collection on the 74.5 km Chandikhole Bhadrak stretch of NH-16 in Odisha after completing project formalities. The asset was secured under the toll-operate-transfer (TOT-18) model with an upfront concession payment of INR 3,087 crore to the National Highways Authority of India. The project comes with a 20-year concession period and is part of the Golden Quadrilateral corridor. It is expected to support steady toll income and strengthen the trust's presence in eastern India while adding to its long-term revenue pipeline.Read more

Ahmedabad News Desk

05 Apr 2026

The Ahmedabad Urban Development Authority (AUDA) is preparing to release its draft Development Plan 2041, marking a shift from the conventional 10-year planning cycle to a 20-year framework. The plan is expected to expand the authority's jurisdiction across parts of Ahmedabad, Gandhinagar, and Mehsana, while integrating infrastructure, land use, and environmental strategies. It is being positioned in the context of Ahmedabad's bid to host the 2036 Olympic Games and the 2030 Commonwealth Games. The draft is likely to include provisions for industrial relocation, revised zoning regulations, and new greenfield development areas. Authorities are also aligning the plan with regional economic corridors and long-term urban infrastructure requirements.Read more