Maharashtra to float Rs 2,000 cr loan to fund development projects

25 May 2022 CW Team

The Maharashtra government, which has a debt projection of Rs 6.5 lakh crore, has decided to float a loan of Rs 2,000 crore to fund development projects in the state.

A senior official told the media that the public borrowings take place throughout the year. The public notices are issued, so the government is conscious of the most competitive interest rate. The state's post-Covid revival strategy is to enhance public spending to boost demand.

The state budget, tabled in March, had projected borrowings for 2022-23 to be an assessed Rs 89,768 crore. The state budget had projected a revenue deficit of Rs 24,352 crore. The government's revival is likely to lead to higher borrowings and debt but also greater capital expenditure, which is assumed to be growth-oriented.

The state finance department told the media that all the loans taken from the Government of India (GoI) and other sources are being primarily used for the creation of the productive asset or advancing loans for productive programmes to bodies.

Image Source

Also read: IREDA approves Rs 14,445 cr loans for RE projects in Maharashtra

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..