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State-owned India Infrastructure Finance Company Ltd (IIFCL) is aiming to double its exposure in Infrastructure Investment Trusts (InvITs) to Rs 6,000 crore during the ongoing fiscal year as part of its investment diversification strategy. IIFCL has exposure of Rs 3,000 crore across nine InvITs as of March 31, 2026. "We hope to double our investment in InvITs during the current financial year. It should reach Rs 6,000 crore by the end of March 2027," IIFCL MD Rohit Rishi told PTI. Highlighting the importance of the infrastructure sector, he said, it is going to play a central role in sustaining the country's long-term economic growth and achieving the goal of Viksit Bharat by 2047. Rishi emphasised India's resilience amid global uncertainties and underscored the central role of infrastructure in sustaining long-term economic growth. The expanding opportunities across transport, urban infrastructure, and clean energy is being supported by a strong policy push and a robust pipeline
Several infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of Rs 5.66 lakh crore, according to a monthly government report for February 2026. The latest 'Flash Report on Central Sector Infrastructure Projects' showed that the revised cost of all 1,948 projects, each valued at Rs 150 crore or higher, monitored by the statistics ministry stood at Rs 41,98,684 crore compared to their original cost of Rs 36,32,088 crore. The report did not specify the actual number of projects that are facing cost overrun. The Ministry of Statistics and Programme Implementation (MoSPI) stated, in a press release on Wednesday, that as of February 2026, 1,948 ongoing infrastructure projects, with a total revised cost of Rs 41.98 lakh crore, are being monitored across 17 central ministries/departments. The cumulative expenditure incurred on these projects stands at Rs 19.71 lakh crore, accounting for approximately 46.95 per cent of the revised project cost, indicati
Prime Minister Narendra Modi on Sunday inaugurated infrastructure projects worth over Rs 4,400 crore and laid foundation stone for four-laning of MarakkanamPuducherry section and ParamakudiRamanathapuram section of key NH routes. He inaugurated eight redeveloped railway stations in Tamil Nadu and dedicated to the nation Chennai BeachChennai Egmore 4th Line. Earlier, he arrived here from neighbouring Puducherry and was accorded a rousing reception. He is scheduled to visit the Arulmigu Subramanyaswamy temple in Tirupparankundram at around 4 pm and offer his worship.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved three Railway ministry projects with a total cost of approximately 9,072 crore. The three projects include the doubling of the Gondia-Jabalpur section and the laying of the third and fourth lines between Punarakh-Kiul and Gamharia-Chandil sections. The government said that these projects covering eight districts across Maharashtra, Madhya Pradesh, Bihar and Jharkhand will increase the existing network of the Indian Railways by about 307 km. "The proposed multi-tracking project will enhance connectivity to approximately 5,407 villages which have a population of about 98 lakhs," an official statement said. It added, "The increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for Indian Railways. These multi-tracking proposals are poised to streamline operations and alleviate congestion." The Railway ministry