India's Infrastructure

J&K Assembly passes Rs 7,019 crore grants for five key departments

The Jammu and Kashmir Assembly on Saturday passed grants amounting to over Rs 7,019.18 crore for five key departments, including mining, industries and commerce, public works, labour and employment, and skill development. The grants, introduced by Deputy Chief Minister Surinder Choudhary in the assembly, include Rs 70.51 crore for the mining department, Rs 1,086.03 crore for the industries and commerce department, Rs 5,283.74 crore for the public works department, Rs 353.44 crore for the labour and employment department, and Rs 225.61 crore for the skill development department. During discussions, the deputy chief minister highlighted that the public works department oversees a 40,000-km road network and is set to blacktop 4,000 kilometres of roads in 2025-26. He emphasised infrastructure expansion, with the public works department targeting the blacktopping of 4,000 kilometers of roads in 2025-26. Under the Pradhan Mantri Gram Sadak Yojana (PMGSY), 2,132 of 2,140 identified village

Gautam Adani pledges to invest Rs 1.1 trn across sectors in Madhya Pradesh

Global Investors' Summit 2025: The Adani Group plans to fund projects in pumped storage, cement, mining, smart meters, and thermal energy, aiming to create over 1,20,000 jobs in Madhya Pradesh by 2030

Welfare scheme benefits causing labour shortages in construction: L&T MD

Addressing the CII Mystic South Global Linkages Summit, L&T's MD noted that despite the crucial role of construction in national development, the industry is struggling due to a lack of workforce

Budget 2025-26 to transform India's infrastructure, says IIFCL MD

With this year's budget, it is evident that the government has embarked on an ambitious journey to revolutionise the country's infrastructure landscape, India Infrastructure Finance Company Limited (IIFCL) Managing Director PR Jaishankar said on Sunday. Strategic investments and policy reforms outlined in the budget reflect a strong commitment to making India a Viksit Bharat by 2047, ensuring sustained economic growth, global competitiveness, and enhanced quality of life for all citizens, he said while outlining some of the major announcements in the Budget. The government has announced various measures, including an Asset Monetization Plan (2025-2030), aimed at recycling Rs 10 lakh crore into new infrastructure developments, backed by regulatory and fiscal reforms. The Budget also announced a plan to leverage PM Gati Shakti to modernise land records, urban planning, and infrastructure design, enhancing project execution efficiency, he told PTI. To attract long-term capital for ...

Infra lender NaBFID plans record Rs 400 bn fundraising for Jan-Mar quarter

The lender, which specialises in financing infrastructure projects, plans to raise as much as Rs 400 billion ($4.7 billion) from the local-debt market

Core sector growth slows to 4.3% annually in November, betters Oct numbers

The output of eight key infrastructure sectors slowed down to 4.3 per cent in November 2024 against 7.9 per cent growth registered a year ago, according to official data released on Tuesday. On a monthly basis, the production growth of these sectors was higher than the 3.7 per cent expansion recorded in October 2024. In November, production of crude oil and natural gas contracted. The production growth of coal, refinery products, fertiliser, steel, and electricity moderated to 7.5 per cent, 2.9 per cent, 2 per cent, 4.8 per cent, and 3.8 per cent, respectively, against 10.9 per cent, 12.4 per cent, 3.3 per cent, 9.7 per cent and 5.8 per cent in November last year. However, cement output rose to 13 per cent in the month under review. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.2 per cent during April-November this fiscal. It was 8.7 per cent in the same period last fiscal. The eight core sectors

Infra built in last decade more than work done in last 60 years: Scindia

Infrastructure built in the last 10 years is more than the work done under 60 years of the previous regime, union minister Jyotiraditya Scindia said on Friday. Minister for Communications and Development of North Eastern Region Scindia told reporters that under Prime Minister Narendra Modi's leadership, the government has developed infrastructure with a focus on quality, speed, quantity and coverage. "There has been a 180-degree change in the infrastructure after 2014. The Prime Minister dedicated 15 Airports in a single day on March 10. The speed of infrastructure development in the last 10 years has been unmatched, unseen and unprecedented. Sikkim and Arunachal Pradesh did not get any airport in 65 years. Today Sikkim has an airport and there are four airports in Arunachal," Scindia said. He said that in 70 years of the previous regime, there were 74 airports which have been more than doubled to 157 under the Modi government and fleets have increased to around 750 from ...

Bank of India plans additional Rs 5,000 cr infrastructure bond issue

To conduct brand recall survey for image enhancement, explores idea to appoint brand ambassador

Centre may relax expenditure norms for Q4 to speed up capital expenditure

The Centre's capex, through which it builds physical infrastructure, reached Rs 4.1 trillion or 37.3 per cent of the annual target in the first five months of FY25

Decision on limited Gati Shakti data access for private sector soon

Most depts, ministries likely to have agreed to proposal

BluSmart Appoints Rupa Devi Singh as Independent Director

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Adani Group's Rs 3,000 crore bet on ITD rides India's infra-capex wave

Group entity will acquire 46.64% in EPC firm, triggering an open offer

PFC, BEML ink pact to finance, infra projects in defence, railways

State-owned BEML and PFC have signed an agreement to finance and execute critical infrastructure projects, particularly in the areas of defence, rail transportation and infrastructure development. The Memorandum of Understanding (MoU) was signed between BEML CMD Shantanu Roy and Parminder Chopra, CMD of PFC in the national capital on Friday, BEML said in a statement. BEML and PFC entered into a strategic MoU which aims at intensifying cooperation in financing and executing critical infrastructure projects, particularly in the areas of defence, rail transportation and infrastructure development, it said. "The partnership is a significant step forward in supporting India's infrastructure and defence sectors. The synergy between our expertise in infrastructure development and defence production, combined with PFC's financial strength, will help deliver transformative projects that will have a lasting impact on India's economy and security landscape," Roy said. In addition to rail and

Expanding bond market to ease capital needs key to India's $5 trn goal

Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent

India set to be in Skyscanner's top 3 revenue markets: CEO John Mangelaars

A growing economy, rising aspirations, young population, and increasing infrastructure will aid this growth

PM Modi-led Cabinet greenlights Rs 2,642 crore rail-road bridge in Varanasi

The new bridge in Varanasi will feature four railway lines and a six-lane highway. It is being designed to last for 150 years and will span over one kilometre in length

States cut spending by 6%: Is public capex at risk of major slowdown?

Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year

Initiative aimed at revolutionising infrastructure: PM Modi on GatiShakti

Prime Minister Narendra Modi on Sunday said the PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionising India's infrastructure and is driving faster and more efficient development across sectors. PM GatiShakti National Master Plan (PMGS-NMP) was launched on October 13, 2021 for providing multi-modal connectivity infrastructure to various economic zones. PM GatiShakti is a transformative approach for economic growth and sustainable development which is driven by seven engines - railway, roads, ports, waterways, airports, mass transport and logistics infrastructure. In a post on X, Modi said, "PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionizing India's infrastructure. It has significantly enhanced multimodal connectivity, driving faster and more efficient development across sectors." The seamless integration of various stakeholders has led to boosting logistics, reducing delays and creat

Adani in talks to acquire Heidelberg's Indian cement unit for $1.2 billion

The potential deal is the latest in Adani Group's massive expansion push in the cement sector. The company entered the industry in 2022 by acquiring Holcim's stake in Ambuja Cement

ADB grants $162 mn loan for new infra, tourism boost in Himachal Pradesh

The Sustainable and Inclusive Tourism Development Project targets the promotion of heritage and cultural sites in the Mandi and Hamirpur districts