Page 3 - India's Infrastructure

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

11,000 Saksham Anganwadi centres to be inaugurated at Poshan Maah

More than 11,000 Saksham Anganwadi centres will be inaugurated virtually during the closing ceremony of this year's Poshan Maah campaign in Ranchi on Monday. The Women and Child Development Ministry said Saksham Anganwadis are strengthened, upgraded and rejuvenated Anganwadis for improved nutrition and early childhood care and education (ECCE). Some of the special features of a Saksham Anganwadi Centre include improved infrastructure such as LED screens, water filtration system, material for ECCE, building as a learning aid (BALA) paintings and Poshan Vatika that gives access to diverse plants and herbs that help in fighting malnutrition. The event will be attended by Women and Child Development Minister Annapurna Devi, Jharkhand Governor Santosh Gangwar, the state's Minister for Women, Child Development and Social Security Baby Devi and Sanjay Seth, the Minister of State for Defence. The seventh Rashtriya Poshan Maah, celebrated from September 1 to 30, focused on key areas such as

Kerala launches new training programme benefiting over 800K students

The state-run Kerala Infrastructure and Technology for Education (KITE) has launched an ambitious initiative to provide support and guidance to over 8,00,000 students from public schools as they prepare for various undergraduate entrance examinations. KITE is the technology arm of the General Education Department of the Kerala government. Titled as Key to Entrance', the programme was inaugurated by General Education Minister V Sivankutty here on Saturday. The core objective of the initiative is the state's commitment to expanding educational opportunities and support for students in Science, Humanities, and Commerce streams, an official statement said here on Sunday. The dedicated portal for the initiative, www.entrance.kite.kerala.gov.in , offers free login access to higher secondary and vocational higher secondary students of government and aided schools, allowing them to access a wide range of learning materials including question papers, assignments, and mock tests, it said Al

Punjab Sind Bank to raise upto Rs 3K cr via Infra bonds, appoint bankers

Set to appoint merchant bankers for proposed QIP

Govt to launch super app streamlining railway services: Ashwini Vaishnaw

Railways Minister Ashwini Vaishnaw said that more than 5,300 km of railway tracks were laid in 2023, a distance comparable to Switzerland's entire rail network