KMRL Gets Nod To Seek Rs1,016 Crore Loan For Kochi Metro Phase Two

18 Feb 2026 CW Team

Kochi Metro Rail Limited has received approval to seek a loan of Rs1,016 crore, equivalent to 10,160 million (mn), for the second phase of the Kochi metro.

The permission allows the corporation to initiate formal borrowing processes from lenders and financial institutions to secure project funding and to align financing timelines with project requirements.

The funding package is expected to cover civil works, systems and other project costs associated with extending services to additional corridors, and the authority will finalise loan terms, including tenure and interest, in negotiations with prospective financiers.

Regulatory approvals and environmental clearances will be secured as needed before major contracts are awarded and procurement and contracting processes will follow standard tendering procedures.

Stakeholders noted that timely release of funds will be critical to maintain construction schedules already outlined in project reports and that the loan approval will enable the operator to issue tenders for civil and electrical works and to secure suppliers for signalling and rolling stock as required.

Officials will provide periodic updates to stakeholders as financing progresses and as key milestones are achieved, and the corporation will report on disbursement and utilisation of loan proceeds to relevant authorities to maintain transparency.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..