Ujjain: ₹643.39-crore loan MoU for Simhastha infrastructure

Financing agreement covers part of eleven proposed projects.

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28 October 2026 · 1 min read

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Report prepared 30 Oct 2026, 1:15 am IST · Event date shown above

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Financing agreement covers part of eleven proposed projects.

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Ujjain Development Authority and Indian Overseas Bank signed a ₹643.39-crore term-loan MoU in Indore on October 28, Free Press Journal reported.

It would partly fund eleven temple, ghat and heritage projects estimated at ₹1,124.52 crore. A separate ₹200-crore Temple Bonds issue is planned.

The agreement does not establish full disbursement or completed construction; original loan documents were not independently reviewed.