Maharashtra Cabinet Approves Rs 20 Bn HUDCO Loan for Urban Projects

12 Sep 2025 CW Team

Allocations to Municipal Bodies

Of the sanctioned amount, Chhatrapati Sambhajinagar Municipal Corporation will receive Rs 8.22 billion for a water supply project. The Nagpur Metropolitan Region Development Authority has been allotted Rs 2.68 billion for four sewage treatment plants. Mira-Bhayandar Municipal Corporation will get Rs 1.16 billion for a water supply project.

Support for Key Schemes

The loan aims to ensure the continuity of projects under central and state programmes such as AMRUT 2.0, Swachh Bharat Mission 2.0, and the Maharashtra Suvarna Jayanti Nagarothhan Maha Abhiyan. Officials said the move will prevent delays caused by funding shortages.

Repairs to Irrigation Projects

The cabinet also sanctioned repairs for two ageing irrigation projects in Akola district’s Murtizapur taluka. The Ghongha micro-irrigation project, built in 1986, has been approved Rs 40.76 million for works that will expand storage by 35,000 cubic metres and create irrigation potential for 45 hectares.

The Kanadi micro-irrigation project, built in 1977, will undergo repairs worth Rs 40.92 million, adding 38,000 cubic metres of storage and extending irrigation to 46 hectares.

Land Allotment for SIB Housing

Additionally, four hectares of government grazing land at Asudgaon in Panvel taluka, Raigad district, have been allotted to the Subsidiary Intelligence Bureau (SIB) under the Union Home Ministry. The land, to be transferred at 50 per cent of the ready reckoner rate under Occupant Class-2, will be used for residential quarters for the agency’s Mumbai division staff.

HUDCO Market Update

On September 10, 2025, at 9:55 AM, HUDCO shares were trading at Rs 217.90, up 0.95 per cent from the previous close.

News source: Angel One

The Maharashtra cabinet has approved raising Rs 20 billion from the Housing and Urban Development Corporation (HUDCO) under the Urban Infrastructure Development Loan Scheme. The funds will provide financial support to municipal bodies for ongoing urban infrastructure projects.Allocations to Municipal BodiesOf the sanctioned amount, Chhatrapati Sambhajinagar Municipal Corporation will receive Rs 8.22 billion for a water supply project. The Nagpur Metropolitan Region Development Authority has been allotted Rs 2.68 billion for four sewage treatment plants. Mira-Bhayandar Municipal Corporation will get Rs 1.16 billion for a water supply project.Support for Key SchemesThe loan aims to ensure the continuity of projects under central and state programmes such as AMRUT 2.0, Swachh Bharat Mission 2.0, and the Maharashtra Suvarna Jayanti Nagarothhan Maha Abhiyan. Officials said the move will prevent delays caused by funding shortages.Repairs to Irrigation ProjectsThe cabinet also sanctioned repairs for two ageing irrigation projects in Akola district’s Murtizapur taluka. The Ghongha micro-irrigation project, built in 1986, has been approved Rs 40.76 million for works that will expand storage by 35,000 cubic metres and create irrigation potential for 45 hectares.The Kanadi micro-irrigation project, built in 1977, will undergo repairs worth Rs 40.92 million, adding 38,000 cubic metres of storage and extending irrigation to 46 hectares.Land Allotment for SIB HousingAdditionally, four hectares of government grazing land at Asudgaon in Panvel taluka, Raigad district, have been allotted to the Subsidiary Intelligence Bureau (SIB) under the Union Home Ministry. The land, to be transferred at 50 per cent of the ready reckoner rate under Occupant Class-2, will be used for residential quarters for the agency’s Mumbai division staff.HUDCO Market UpdateOn September 10, 2025, at 9:55 AM, HUDCO shares were trading at Rs 217.90, up 0.95 per cent from the previous close.News source: Angel One

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..