IRFC Funds Surat Multi-Modal Transport Hub

20 Aug 2025 CW Team

Indian Railway Finance Corporation (IRFC) has sanctioned a fresh term loan facility of Rs 2 billion to Surat Integrated Transportation Development Corporation Limited (SITCO) for the development of India’s first Multi-Modal Transport Hub (MMTH) at Surat.

The loan agreement was signed in New Delhi between senior officials of SITCO and IRFC, marking a significant milestone in advancing one of India’s most ambitious transport infrastructure projects.

IRFC, established in 1986 as the dedicated financing arm of the Ministry of Railways, recently attained Navratna status. With a zero-NPA record, it continues to expand as a diversified infrastructure financier, supporting projects with forward and backward linkages to the railways. Its mandate includes financing in power, transmission, mining, coal, warehousing, telecom, catering, metro rail, freight corridors, ports, and logistics.

SITCO—a joint venture between the Ministry of Railways and the Government of Gujarat—is spearheading the project, which will integrate railways, metro, bus rapid transit, city and regional buses, and other modes of urban and regional transport. Passenger facilities and station infrastructure will also be upgraded to international standards.

IRFC’s financial support will strengthen the project’s viability, accelerate execution timelines, and contribute to regional economic growth. The Surat MMTH is expected to significantly enhance connectivity and capacity, furthering India’s transport modernisation and urban mobility goals.

The Chairman and Managing Director of IRFC said the initiative highlights IRFC’s role in funding railway-linked infrastructure that strengthens logistics, urban mobility, and supports the broader nation-building agenda.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..