Page 2 - Infra Growth

PM Gati Shakti: 4 infra projects worth Rs 19,520 cr put up for approval

Four infrastructure projects of roads and railways worth Rs 19,520.77 crore have been recommended for approval under the PM Gati Shakti initiative, an official statement said on Wednesday. This takes the total number of projects assessed by Network Planning Group (NPG) to 115 with a total value of about Rs 11.70 lakh crore, since the launch of PM Gati Shakti, it said. These four projects were assessed in the 57th NPG meeting on October 17. "NPG assessed four projects including three projects of the Ministry of Road Transport and Highways and one project of the Ministry of Railways, with the total project cost of Rs 19,520.77 crore," the commerce and industry ministry said. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project location. The initiative was launched to develop an integrated infrastructure to reduce logistics costs. All logistics and ...

Cement sales to grow 10% in FY24 led by infra, urban housing demand: Report

The cement sales volume is expected to have a healthy 9 to 10 per cent growth in the current fiscal, led by demand from infrastructure and urban housing sectors, according to a report. In the first half of this fiscal, the industry had a volume growth of around 12 per cent in the April-September period, said a report from rating agency Icra. However, there would be "some moderation in growth in H2" on account of below-normal monsoons on the overall crop output, adversely impacting farm incomes and demand for rural housing in some markets, it added. "Moreover, with the upcoming state elections the release of funds towards ongoing infra projects may slow down, posing some downside risks to cement volume off-take in H2 FY2024," it said. However, the operating margins for the cement industry is expected "to improve by 260-310 bps to 16.0-16.5 per cent in FY2024". The increasing focus on green power is likely to lower the cement industry's dependence on high-cost thermal power and grid

SBI raises Rs 10,000 cr via infrastructure bonds at 7.49%

Bond market dealers indicated that the softening of yields in the markets helped SBI set the coupon at a lower rate

India's key infrastructure sectors' growth slows down to 4.3% in May

The growth of eight key infrastructure sectors slowed down to 4.3 per cent in May 2023 due to a decline in the production of crude oil, natural gas, and electricity. The core sector growth was 19.3 per cent in May 2022 while in April 2023 the key infra sectors recorded a growth rate of 4.3 per cent. During April-May this fiscal, the output growth of these eight sectors slowed down to 4.3 per cent as against 14.3 per cent in the year-ago period.

SBI likely to raise Rs 10,000 crore through infrastructure bonds

The planned issuance worth Rs 10,000 crore includes a greenshoe option of Rs 5,000 crore, the bank said

Bet on infrastructure funds to gain from government push: Experts

High cost of capital, change in policy key risks for these funds

Army's forward posts along LAC in Arunachal Pradesh to have helipads

Almost all forward posts along the Line of Actual Control (LAC) in Arunachal Pradesh will have one large helipad each for swift mobilisation of troops and military equipment as part of a mega push for infrastructure development, senior military officials said on Friday. Each of the forward posts and Army units are also being linked with optical fibre network and all of them will have separate satellite terminals for bolstering overall surveillance and communication, they said. The Army has already deployed a large number of indigenously-built remotely piloted aircraft, Switch, in the forward posts to monitor Chinese activities across the LAC. "We are now giving a big push to the infrastructure development in the forward areas in the eastern sector," Brigadier TM Sinha, commander of a Mountain Brigade in eastern Arunachal Pradesh, told a group of visiting journalists. As part of the capability development initiative, the Army has powered its units in Arunachal Pradesh with a sizeabl

Top Headlines: Rlys' land lease policy, strong festival sales, and more

Business Standard brings you the top headlines at this hour

Promoters' loans, rising earnings help Adani cos to slash interest costs

Group plans to list infra SPVs to slash debt

MP govt presents Rs 2.79-trn tax-free budget; focus on infra, child welfare

For the first time, the state government presented a 'child budget' as part of the annual financial plan, allocating Rs 57,800 crore for 220 schemes under 17 departments, including education

China to spend $30 bn in Tibet on infrastructure development in 5 years

China is planning to spend big in Tibet as its new Five-Year Plan has allocated about USD 30 billion to ramp up the infrastructure in the remote Himalayan province

400 infra projects' show over Rs 4 trillion overrun due to delays

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above

Infra companies consider monetising litigation claims for offshore assets

HCC and Punj Lloyd are two infra companies with claims outside India.

Cost overrun of Rs 3.3 trn cr due to delay in 340 infra projects: MoSPI

The ministry monitors infrastructure projects worth Rs 150 crore and above. Of these 1,405 projects, 340 reported cost overruns and 381 time escalation

Infra growth slows down to 4.8% in Oct; fertiliser, crude oil decline

Fertiliser production dropped sharply by 11.5 per cent, crude oil by 5 per cent and natural gas by 0.9 per cent