Page 14 - India's Infrastructure

Rajnath dedicates 75 infra projects worth Rs 2,180 cr from eastern Ladakh

Defence Minister Rajnath Singh on Friday dedicated to the nation 75 infrastructure projects including bridges, roads and helipads built at a cost of Rs 2,180 crore in strategically key areas of Ladakh, Jammu and Kashmir, Arunachal Pradesh and Sikkim among others. He inaugurated the projects at a function held at the Darbuk-Shyok-Daulat Beg Oldi (DS-DBO) road that provides connectivity to India's northernmost outpost of Daulat Beg Oldi in eastern Ladakh. The highlight of the event was the onsite inauguration of 120-metre-long 'class-70 Shyok Setu' on the DS-DBO Road at an altitude 14,000 feet, the defence ministry said. The bridge will be of strategic importance as it will facilitate logistics movement of the armed forces. Other projects inaugurated virtually by Singh included two helipads, one each in Hanle and Thakung, in Eastern Ladakh, it said. These helipads will enhance the operational capabilities of the Indian Air Force in the region. The rest of the projects were inaugurate

384 infrastructural projects show cost overruns of Rs 4.52 trillion

As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.52 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,529 projects, 384 reported cost overruns and as many as 662 projects were delayed. "Total original cost of implementation of the 1529 projects was Rs 21,25,851.67 crore and their anticipated completion cost is likely to be Rs 25,78,197.18 crore, which reflects overall cost overruns of Rs 4,52,345.51crore (21.28% of original cost)," the ministry's latest report for September 2022 said. According to the report, the expenditure incurred on these projects till September 2022 was Rs 13,78,142.29 crore, or 53.45 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 531 if delay is calculated on the basis of latest schedule o

Cement cos regain pricing power as demand improves from infra, construction

Cost pressures a concern, though, as crude, currency volatility remain

Cabinet approves Rs 6,600 crore scheme 'PM-DevINE' for North-Eastern states

Prime Minister's Development Initiative for North East Region (PM-DevINE), a Rs 6,600 crore scheme to support infrastructure, industries and other livelihood projects in the Northeastern states, was approved on Wednesday by the Union Cabinet, chaired by Prime Minister Narendra Modi. The new scheme, to be implemented during the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26, is a 100 per cent Central government-funded plan and will be administered by the Ministry of Development of North Eastern Region (DoNER), an official statement said. Efforts will be made to complete the PM-DevINE projects by 2025-26 so that there are no committed liabilities beyond this year and this implies front-loading of the sanctions under the scheme in 2022-23 and 2023-24 primarily, it said. While expenditure would continue to be incurred during 2024-25 and 2025-26, focused attention will be given to completing the sanctioned PM-DevINE projects. The PM-DevINE will lead to the .

President Murmu to arrive in Tripura for two-day visit from Oct 12

President Droupadi Murmu will inaugurate several development projects in Tripura during her two-day visit to the northeastern state on Wednesday, officials said. The President is scheduled to land at Maharaja Bir Bikram Airport here on Wednesday at 11.15 am. It will be Murmu's first visit to the state after becoming the President. During the visit, Murmu will flag off Guwahati to Kolkata express up to Agartala and extension of Agartala-Jiribam-Agartala Jan Satabdi express up to Khongsang (Manipur) with new LHB rake and Vistadome coach, they said. She will also dedicate the trans-shiftment yard which was built at Nischintapur, crossing point of Indo-Bangla railway project to the nation, six km away from the state capital by video link. The President is scheduled to lay the foundation stone of Pushbanta Palace Museum and National Law University at Narsinghgarh in West Tripura district. The state government plans to develop Pushbanta Palace which was built by Maharaja Birendra Kishor

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce

India to set climate resilient urban growth as G-20 infra agenda

Officials say that the issue climate resilient urban infrastructure is key for developing and developed economies

Infra lending gains traction, but may see gradual growth going forward

Lenders are waiting for clear demand patterns to emerge and policy stability, say analysts

AM/NS India to acquire infra assets from Essar Group for $2.4 billion

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

India on the verge of capex recovery in coming years: Prabhudas Lilladher

The FY23 budget has increased the capex plans of the Centre by 10.6 per cent to Rs 12.2 trillion

L&T Group aims Rs 2.7 trillion revenue by FY26: Chairman A M Naik

Infrastructure major Larsen and Toubro (L&T) Group is targeting Rs 2.7 lakh crore revenue by financial year 2025-26, its Chairman A M Naik said on Thursday. "We are targeting group revenues of Rs 2,70,000 crore...by FY26. The group recorded revenues of Rs 1,56,521 crore during FY 2021-22, registering a growth of 15 per cent," he said at the company's 77th Annual General Meeting (AGM). As of March 31, 2022, the company's order book was at Rs 3,57,595 crore. Currently, the Middle East constitutes 76 per cent of the international order book of Rs 95,227 crore. In 2021-22, profit after tax was Rs 8,572 crore, a year-on-year (y-o-y) growth of 23 per cent. Naik said the company has also launched 'Lakshya 2026' plan which includes exit from non-core businesses, developing innovative business offerings, scaling up digital and e-commerce businesses, focus on Environmental, Social, and Governance (ESG) and shareholder value creation. The Rs 2,70,000-crore revenue target is also a part of ..

NHAI debt stands at Rs 3.49 trillion: Nitin Gadkari informs Parliament

Nitin Gadkari said the fund required by NHAI for debt servicing in 2022-23, 2023-24 and 2024-25 will be Rs 31,282 crore, Rs 31,909 crore and Rs 30,552 crore, respectively

India at 75: The Constitution hasn't worked well in at least 105 ways

While the Constitution has worked well to preserve our rights and institutions, it hasn't worked well at all in at least 105 ways because it has been amended that many times

Links between infra & growth

It's hard to argue that infrastructure is now the binding constraint

Cabinet pulls up infra ministries to expedite port connectivity projects

Cabinet Secretary Rajiv Gauba also asked the ministries to finalise a comprehensive action plan in coordination with DPIIT and integrate it with PM Gati-Shakti framework by Aug 15

Low inflation, higher infra investment key for spurring growth: RBI article

Improving infra, ensuring low and stable inflation, and maintaining macroeconomic stability are critical for reviving animal spirits and spurring growth, says an article published in RBI bulletin

Push to Gatishakti: Centre firms up screening of public-funded projects

To ensure these have logistics & infrastructure connectivity, before it receives Cabinet nod

Reform reversal

States should not go back on pensions

Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

IFCI approves allotment of preferential shares to govt to raise Rs 100 cr

The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing