# Indore smart city firm seeks Rs 100 crore loan for MOG line 2026-08-14T01:51:57+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Indore Municipal Corporation's Smart City Company is preparing to raise a loan of up to Rs 100 crore for the MOG Lines redevelopment project. CEO Ardh Jain said work is progressing on one side while the company also tries to sell part of the project land. The company needs additional funds and has approached financial institutions for an interest-bearing loan, expected between Rs 50 crore and Rs 100 crore. Separately, around Rs 20 crore is required to complete the stalled Kala Sankul project on MG Road, and the Indore Development Authority has sought a state grant. The Smart City Company had earlier secured a Rs 100 crore loan approval from the State Bank of India, but the sanctioned amount was not availed, causing the proposal to lapse. Fresh efforts are now underway to secure the loan again. ## Coverage - freepressjournal.in Tags: Indore, Indore Municipal Corporation, loan, MOG Lines, redevelopment, smart city Canonical: https://indianopinion.org/indore-smart-city-firm-seeks-rs-100-crore-loan-for-mog-line/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/indore-smart-city-firm-seeks-rs-100-crore-loan-for-mog-line/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.