The National Bank for Financing Infrastructure and Development the newest development finance institution (DFI) to start lending last month, expects to advance Rs 15,000 crore to infrastructure projects this quarter.

The Indian government and the Asian Development Bank (ADB) signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states. The agreements would cover projects for improving the power sector and highways in the north-eastern states.

The Union budget is likely to propose an industrial area development scheme focused on micro, small and medium enterprises with funds to not only expand and upgrade existing industrial areas with common infrastructure but also develop new industrial areas.

Multiplex chain PVR aims to operate 1,000 screens by the end of FY24 through an addition of 100 screens in the next 15 months. This will involve an investment of around Rs 300 crore. The company achieved the milestone of 900 screens with the opening of three new multiplexes in Jaipur, Bengaluru and Gurugram, adding 19 screens this month

Fresh or new investments of Rs 6,200 crore have been made by companies in the petroleum sector in Rajasthan. In all, investments of over Rs 22,838 crore are being made by four companies in a phased manner. Of this, work on over Rs 6,200 crore has started.

India will by May invite bids for subsidies for setting up green-hydrogen manufacturing and utilisation hubs, fertiliser and steel plants based on the fuel, and factories for making electrolysers. The bidding process is part of a first phase of a $2 billion incentive plan to boost use of green hydrogen to cut emissions and make India a major exporter in the field.

Prime Minister Narendra Modi laid the foundation stones of a ship repair facility at Pandu in Guwahati and the connecting road to Pandu Port, according to an official statement. The statement further said major initiatives worth more than Rs 1,016 crore planned for revamp of inland waterways in Assam till 2024-25.

In coming years, as many as 17 railway stations of the North Central Railway (NCR) would not just resemble airports but also offer airport-like facilities to passengers. For this, the blueprint for redevelopment of the three major stations of the NCR, Prayagraj Junction, Kanpur Central and Gwalior station, is ready.

The Indian Railways has drawn up a plan of about Rs 18,000 crore to scale up its locomotive maintenance facilities for Vande Bharat trains, eyeing an increase in deployment of these semi-high-speed trains to more parts of the country.