Page 2 - India's Infrastructure

IRB Infra's toll revenue rises 10% to ₹554 cr on strong project gains

IRB Infrastructure on Thursday posted a 10 per cent rise in its toll revenue to Rs 554 crore in April compared to Rs 503 crore in the same month last year. Of its 17 tolls, IRB MP Expressway in Maharashtra contributed the major share of Rs 150.7 crore to the total revenue collection in April, up from Rs 140.7 crore contribution in April 2024, IRB said in an exchange filing. Contribution of IRB Ahmedabad Vadodara Super Express Tollway rose to Rs 65.4 crore from Rs 59.2 crore in 2024, it said. With Rs 32.7 crore, CG Tollway (Chittorgarh to Gulabpura NH 79) was the third largest contributor to the revenues in April, up from Rs 29.7 crore last year. Udaipur Tollway Limited collected Rs 27.2 crore toll revenue higher from Rs 25.5 crore a year ago. Amitabh Murarka, Deputy CEO of the company said, "We concluded FY25 with robust momentum, which continued into April 2025, as reflected in 10 per cent y-o-y growth in toll revenues. Given the overall performance of the Indian economy and the .

India helps world's largest nuclear fusion project cross key milestone

India has contributed a significant role in the world's biggest nuclear fusion project, with key contributions by way of components for the Central Solenoid

PRAGATI meeting: PM Modi reviews 8 projects worth Rs 90,000 crore

Prime Minister Narendra Modi on Wednesday reviewed eight development projects spread across the country and costing around Rs 90,000 crore as he chaired the 46th edition of PRAGATI meeting. During the meeting, Modi also reviewed grievance redressal related to Pradhan Mantri Matru Vandana Yojana and directed that all ministries and departments should ensure that the identification of beneficiaries is done strictly through biometrics-based Aadhaar authentication or verification, an official statement said. PRAGATI is a multi-modal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments. According to the statement, the eight significant projects included three road projects, two projects each of railways and port, shipping and waterways. Modi also directed to explore the potential for integrating additional programmes into the PM Matru Vandana Yojana, specifically those aimed at promoting child care, improving health and hygiene practic

The price of building India: Why cement remains in the 28% GST slab

Cement contributes significantly to the government exchequer not just due to its high tax rate, but also because credit availment is blocked and restricted under the statute

Mandate 15-20% green space allocation for infra projects: CII-GBC report

A report prepared by the Confederation of Indian Industry's Green Business Centre (CII-GBC) has mandated 15-20 per cent green space allocation for all new residential, commercial and infrastructure projects. The report 'Infra South: Crafting Liveable Environments in Indian Cities' prepared by CII Green Business Centre highlights a plan to transform Chennai, Coimbatore, Madurai, Tiruchirappalli, Tiruppur and Salem into sustainable and liveable cities. Tamil Nadu Chief Minister M K Stalin at the recently held South India Annual Convention 2025 released the report which underscores the immense pressure placed on urban infrastructure and the environment due to rapid economic and population growth, exacerbated by climate change. CII would work with the Tamil Nadu government in facilitating the cities in making them greener and liveable. The study emphasises that a green and liveable city harmoniously balances economic, environmental and social dimensions thereby enhancing the quality of

CAG, BISAG-N sign pact to leverage technologies in remote sensing

The Comptroller and Auditor General (CAG) of India on Wednesday signed an agreement with the Bhaskaracharya National Institute of Space Application and Geo-informatics (BISAG-N) to leverage advanced technologies in geographic information systems and remote sensing. The Memorandum of Understanding (MoU) was signed by T P Singh DG-BISAG-N and S Ramann Deputy CAG/CTO, in the presence of K Sanjay Murthy, CAG, an official release said. Speaking on the occasion, Murthy stated that collaborating with such a technically Atma-Nirbhar organisation such as BISAG-N will not only enhance the audit capabilities but also showcase the technical capabilities of our public institutions. "We strive to develop this product as part of the Digital Public Infrastructure (DPI)," he said. The partnership with BISAG-N will provide CAG with geo-spatial consultancy services to enhance audit processes by integrating cutting-edge tools and techniques, the CAG office said in the release. The collaboration aims

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

.

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