Infrastructure

Technocraft Ventures IPO fully subscribed on Day 1; gets 2.5x subscription

The initial public offering (IPO) of infrastructure company Technocraft Ventures Ltd received 2.59 times subscription on the first day of share sale on Friday. The company's IPO garnered bids for 2,15,61,120 shares against 83,17,190 shares on offer, as per NSE data. The category for qualified institutional buyers (QIBs) fetched 4.47 times subscription, while the quota for non-institutional investors received 3.80 times subscription. Retail investors portion got fully subscribed. Technocraft Ventures Ltd on Thursday raised Rs 75.55 crore from anchor investors. The company's IPO will conclude on August 11. It has fixed a price band of Rs 200-212 per share for the issue. The IPO comprises a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey Constructions. At the upper end of the price band, the total issue size works out to about Rs 251.88 crore. Of the fresh issue proceeds, Rs 150 crore will be used to fund the

Expedite wastewater treatment projects in cities, panel tells MoHUA

Only 17% of sewerage and septage projects under AMRUT 2.0 completed: Panel

States can unlock dormant assets to power long-term economic growth

How states can create their own investment funds to build the modern cities, highways, power plants, and hospitals they need

AI data centre rush fuels India's next growth wave with infrastructure push

India's AI data centre boom is driving investments in clean energy, real estate, manufacturing and jobs as global tech giants and conglomerates expand infrastructure

Infrastructure projects see cost overrun of ₹4.92 trillion: Mospi

Infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of around Rs 4,92,752 crore, according to a monthly government report for June 2026. A total of 1,847 ongoing infrastructure projects across 17 Central Ministries/ Departments were monitored and it was found that the total revised cost was Rs 40,54,473 crore compared to their original cost of Rs 35,61,721 crore. The report, however, did not specify the actual number of projects that faced cost overrun. The cumulative expenditure incurred on these projects stands at Rs 21.97 lakh crore, accounting for approximately 54.18 per cent of the revised project cost, indicating steady progress in project implementation, a statement by the Ministry of Statistics and Programme Implementation (MoSPI) said. A significant proportion of projects are at advanced stages, with 709 projects (39 per cent) achieving over 80 per cent physical progress, while 337 (19 per cent) have crossed 80 per cent financial ...

Mega infra projects worth ₹47,600 crore to take wings in Uttar Pradesh

UP Cabinet clears four expressway projects worth over ₹47,600 crore to strengthen connectivity, create an expressway grid, and support the state's $1 trillion economy goal

TVS ILP plans up to ₹2,700 cr capex in bid to grow warehousing portfolio

The company is evaluating opportunities in cold storage and data centre sectors

Playing with fire: Loopholes in Delhi's planning weaken disaster management

Urban realities are evolving and therefore plans cannot remain static... people quickly reconstruct the properties against which action is taken

Core sector growth at five-month high of 5% in June under new base

Growth in India's nine core sectors accelerated to a five-month high of 5 per cent in June under the revised 2022-23 base year, led by iron ore, electricity and coal

Line ministries are being apprised of project spillages in real time: Mospi

The government told the Rajya Sabha that the PAIMANA portal is helping ministries monitor project execution gaps and delays in real time, enabling timely intervention

Odisha signs IFC agreement to build ₹20,000 crore PPP project pipeline

The state will work with the World Bank Group's private-sector arm to develop around 20 bankable infrastructure projects across key sectors through the PPP model

Uttar Pradesh govt bets on municipal bonds for infrastructure development

UP expands municipal bond programme to strengthen urban infrastructure financing and local body development

Blackstone launches APAC infrastructure platform, appoints India infra head

Alternative asset manager launches Blackstone Infrastructure Partners in Asia Pacific and appoints former KKR executive Ami Momaya as its first dedicated infrastructure hire in the region

Laundry infra company Quick Clean raises ₹133 crore in Series B round

Stakeboat Capital led the ₹133 crore Series B round, with existing investors participating, as Quick Clean plans AI-led expansion across India and overseas markets

Odisha clears ₹32,000-cr rural infra push ahead of 2027 Panchayat polls

The Odisha Cabinet has approved a ₹32,000 crore package for rural roads, bridges and connectivity, covering 35,000 km of roads and 3,167 bridges over five years

Dharavi redevelopment project: Maharashtra steps up land consolidation

Maharashtra has stepped up land consolidation for the Dharavi Redevelopment Project, issuing lease termination notices while assuring rehabilitation for eligible residents

SBI seeks priority sector status for all infra loans to boost investment

State Bank of India has proposed granting priority sector status to all infrastructure loans or excluding them from ANBC calculations to encourage higher infrastructure investment

Odisha panel proposes project management overhaul as infra delays persist

The three-member panel, headed by former Odisha chief secretary Jugal Kishore Mohapatra, was constituted by the state government last year to suggest administrative and governance reforms

Tier-II cities become real estate developers' next address for growth

Residential developers are expanding into India's Tier-2 cities as infrastructure upgrades, affordability and rising housing demand create new growth opportunities

IRB Infrastructure Trust to transfer 2 BOT assets in ₹4,605 crore deal

IRB Infrastructure Trust will transfer two operational BOT highway projects to its listed InvIT as part of its capital recycling strategy, boosting its O&M order book by about Rs 2,400 crore