Infra Sector

JSW Infra Q2 results: Net profit jumps 46% to Rs 371 cr, beats estimates

Sequentially, the company's net profit increased by 27.04 per cent, though revenue declined marginally by 0.83 per cent

J Kumar Infra up 3% on Rs 298-cr work order from Pune Municipal Corporation

The rise in J Kumar Infra share price came after the company announced that it has secured an order worth Rs 297.83 crore from Pune Municipal Corporation (PMC).

NIIF IFL to tap family offices to issue Rs 1,500 cr preference shares

Separately, NIIF IFL will also raise up to Rs 3,500 crore through non-convertible debentures to carry out refinancing operations

Delhi LG asks chief secy to submit monthly civic infra inspection report

Delhi Lieutenant Governor V K Saxena has directed Chief Secretary Naresh Kumar to submit a monthly report on the inspections conducted by senior officers in the aftermath of deaths due to "complete collapse of civic infrastructure" this monsoon, officials said on Monday. In a written communication to the chief secretary, Ashish Kundra, the principal Secretary to Saxena, said the LG has advised that an "institutionalised mechanism be put in place for scheduled inspections" by senior officers of facilities under their charge. "It would help them obtain a first-hand feel of the core problems being faced by citizens and take corrective policy or regulatory measures. The chief secretary shall circulate a uniform format of inspection report to all departments and submit a monthly report on number of inspections done by each officer," read the letter. Kundra also pointed out that even the Delhi High Court has taken a serious note in the matter of desilting of drains in the national capita

As bridges collapse; tendering, design and climate resilience questioned

Road ministry officials say central bridge projects perform better than state ones due to stricter checks and balances

Budget 2024: Govt set to boost infrastructure spending, claims report

During the Interim Budget, the Finance Minister had announced an 11 per cent increase in capital infrastructure spending for FY25, raising the capital expenditure outlay to Rs 11.1 trillion

New government to boost infrastructure sector, but expect some hurdles

Core sector growth rose to 6.1 per cent YoY in Apr'24 over Apr'23, as every sector except fertilisers and cement saw strong growth

Key infra sectors' growth slows to 15-month low of 3.6% in January

The growth of eight key infrastructure sectors slowed to a 15-month low of 3.6 per cent in January, on account of poor performance of sectors like refinery products, fertiliser, steel and electricity, according to the official data released on Thursday. The growth of eight core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.9 per cent in December. It was 9.7 per cent in January 2023. The previous low level of growth rate was recorded at 0.9 per cent in October 2022. Cumulatively also, the growth rate in the output of these sectors slowed down to 7.7 per cent as against 8.3 per cent in April-January 2022-23. The output growth of refinery products and fertiliser was in the negative zone. And the pace of increase in the output of coal, steel, and electricity decelerated during the month under review. However, crude oil, natural gas, and cement production recorded positive growth in January. The eight core sectors contr

Infra Budget rises 16.9%, no big bang announcements for major sectors

Outlay for infrastructure has been increased to Rs 11.11 trillion in FY25, gets mixed reactions from the industry

Major boost for infra in Maha: Modi inaugurates projects worth Rs 30,500 cr

Prime Minister Narendra Modi on Friday inaugurated projects worth more than Rs 30,500 crore during his visit to Maharashtra, including the country's longest bridge and seabridge, the extension of a suburban rail corridor and a mega facilitation centre for gems and jewellery, and laid the foundation stone of a tunnel road in south Mumbai. He first inaugurated the Rs 17,840 crore Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, also called the Mumbai Trans Harbour Link, which will cut the distance between Mumbai and the satellite city of Navi Mumbai from some hours to 15-20 minutes, in the process boosting development in the region, which houses a mega port and also an upcoming international airport. The Atal Setu, which is the longest bridge and seabridge in the country, is 21.8 kilometre long, including a 16.5 portion over sea, and will reduce the distance from the metropolis to the Navi Mumbai International Airport and also cut travel time to major areas like Pune, the state's ...

Eight core industries growth up at 7.8% in November vs 5.7% year-ago

The output of eight key infrastructure sectors increased by 7.8 per cent in November 2023 against a 5.7 per cent expansion in the year-ago period, according to the official data released on Friday. All sectors except crude oil and cement recorded healthy production growth in the month under review. The core sector (coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity) growth in October was 12 per cent. Coal and refinery products output recorded double-digit growth. The output growth of eight sectors was 8.6 per cent in April-November 2023-24 against 8.1 per cent in the year-ago period.

Udayshivakumar Infra IPO opens today: Check GMP, other key details here

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31

Union Budget 2023-24: Growth pragmatism over populism

The infrastructure sector got the lion's share of the capex bazooka, which will have a significant multiplier effect on economic growth

Budget 2023 to increase capex for infra projects for growth: Experts

From giving a boost to capex spending for the infrastructure sector to focusing on urban development schemes, here are the expectations of the experts for infrastructure sector from Union Budget 2023

G20 mulls converting its global infra hub into a multilateral body

Currently, the GIH's work is limited to acting as a knowledge sharing hub, to produce data and insights that inform policy and infrastructure delivery

386 infrastructure projects show cost overruns of Rs 4.7 trillion

As many as 386 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.7 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 1,505 projects, 386 reported cost overruns and as many as 661 projects were delayed. "Total original cost of implementation of the 1505 projects was Rs 21,21,793.23 crore and their anticipated completion cost is likely to be Rs 25,92,537.79 crore, which reflects overall cost overruns of Rs 4,70,744.56 crore (22.19% of original cost)," the ministry's latest report for July 2022 said. According to the report, the expenditure incurred on these projects till July 2022 was Rs 13,50,275.69 crore, or 52.08 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 511 if delay is calculated on the basis of the latest schedule of ...

Sagar Cements tanks 12%, hits 52-week low on growth concerns

The geopolitical tensions between Russia and Ukraine have resulted in sharp increase in pet coke and coal prices, thereby, denting overall profitability of the business.

J Kumar Infra gains 3%, hits 52-week high on solid Q4 results

In the past three months, the stock zoomed 55 per cent, as against 1 per cent decline in the S&P BSE Sensex.

Cement prices may fall after excise duty cut on fuel, helping infra sector

Shree Cement says will take a cut of Rs 5 per bag and other companies are expected to decide soon.

Top headlines: Telcos slam Trai, Rs 1,900 cr deficit may hit infra projects

Business Standard brings you top headlines on Wednesday