Infrastructure

Delhi govt to construct 61-km road along Najafgarh drain to curb congestion

To reduce traffic congestion, the Delhi government plans to hire a private consultant to construct an approximately 61-kilometre elevated corridor along the Najafgarh drain, connecting Wazirabad to North Delhi, officials said on Friday. The government announced the project in February this year. Now the Public Works Department (PWD) plans to hire a consultant to conduct a feasibility study and prepare a project plan. "The stretch is heavily congested due to a mix of slow-moving vehicles and cross movements during peak and non-peak hours, causing heavy traffic. We plan to hire a consultant to conduct a feasibility study before the project starts," a PWD official said. As per the plan, roads will be developed from Chhawla to Basaidarapur along both sides of the drain over a length of 27.415 kilometres, totalling 54.83 kilometres across both banks. Further, a 5.94-kilometre two-lane road will be constructed on the left bank from Jhatikra Bridge to Chhawla Bridge. "The primary objective

Dilip Buildcon weighs InvIT route to monetise power transmission, RE assets

Infrastructure developer may create a separate energy InvIT or place power assets under Anantam Highways as it seeks predictable, long-term cash flows through monetisation

How private participation boosted India's infrastructure build-out

Three decades after liberalisation, private capital, PPPs and policy reforms have transformed India's infrastructure landscape, powering connectivity, logistics and large-scale investment

AM Intelligence orders 9,000 Nvidia Rubin GPUs for Hyderabad AI factory

Greenko promoters' AI infrastructure platform plans to deploy the GPUs at its Hyderabad facility, with an initial 200 MW capacity involving over $8 billion in capex

Modi stresses need for reforms across all stages of infra project execution

Modi calls for end-to-end infrastructure planning, faster project execution and continuous reforms as he reviews ₹30,000-crore projects across nine states

Infrastructure projects see cost overrun of ₹3.4 trillion: MoSPI

Infrastructure projects worth more than Rs 150 crore each recorded a cumulative cost overrun of around Rs 3,40,504 crore, according to a monthly government report for July 2026. A total of 1,775 ongoing infrastructure projects across 17 Central Ministries/ Departments were monitored and it was found that the total revised cost was Rs 37,10,642 crore compared to their original cost of Rs 33,70,138 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 19.26 lakh crore, accounting for approximately 51.91 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 675 projects (38 per cent) achieving over 80 per cent physical progress, while 305 (17 per cent) have crossed 80 per cent financial ..

Best of BS Opinion: Building stronger foundations for durable growth

Durable growth depends not just on expansion but on stronger foundations across telecom, education, energy, skilling and institutions

Blue Cloud kicks off $150-mn technology deal with SpaceX International

The 18-month project covers enterprise AI compute infrastructure, cybersecurity, telecommunications and data centre solutions, with billing set to begin this quarter

Odisha's ₹72,100 crore capex target at risk as state fast-tracks projects

With just 15.7% of its record FY27 capital outlay spent by July, Odisha is pushing departments to fast-track projects and unlock central capex incentives

Old Delhi makeover: MPD-2047 proposes boutique hotels, godown relocation

MPD-2047 proposes a heritage-led makeover of Old Delhi, with TDR for conservation, adaptive reuse of buildings, boutique hotels, phased godown relocation, better logistics and pedestrian infra

Private capital in infra: Binding constraints

Put the institutional reforms horse before the private capital cart and watch investments sizzle again

India's core sector growth rises by 5.4% in July on coal, refinery products

Production growth of nine key infrastructure sectors rose to 5.4 per cent in July following an increase in output of coal, refinery products, cement, electricity and iron ore. The core sectors' growth was 3.2 per cent in July 2025 and 6 per cent in June 2026. From June, the data has been released with a new base year, 2022-23, replacing the earlier base year of 2011-12. The government has added iron ore to the index, increasing the number of core sectors to nine. According to the official data released on Thursday, production of crude oil, natural gas, and fertiliser declined during the month. During April-July 2026-27, the key sectors expanded by 4.3 per cent against 1.5 per cent in the same period last year.

Highway developers seek rethink on revised private-funded model

Highway developers flag concerns over arbitration, traffic-risk allocation and termination provisions, warning that unresolved issues could deter private participation

Railways drops risk-sharing plan with private firms for six rail lines

Changes strategy on proposal to build six rail lines, two months after FinMin panel clearance

NaBFID eyes $3-4 billion via ECBs in FY27, plans 10-year dollar bond issue

The infrastructure lender plans to issue $500 million-$1 billion in 10-year bonds by September-end and expects a multilateral-backed loan of nearly $1 billion

IBM, Together AI ink $240 million multi-year agreement for AI cluster

IBM and Together AI will build a $240-million AI cluster using Nvidia's latest systems, reflecting rising demand for computing capacity to run open-source AI models

IFC to invest ₹225 crore in NDR Smart Spaces for warehousing expansion

The International Finance Corporation (IFC) on Monday announced an equity investment of Rs 225 crore (around USD 23 million) in NDR Smart Spaces. The investment will support NDR Smart Spaces in developing a pipeline of around 20 million square feet of Grade A warehousing infrastructure across 14 cities, including around 8 million square feet under construction. NDR Smart Spaces Pvt Ltd is a newly established platform by the NDR group, which is the sponsor of NDR InvIT Trust, dedicated to developing Grade A warehousing and logistics infrastructure across several states, including Maharashtra, Tamil Nadu, and Uttar Pradesh. The portfolio will comprise both dry warehousing and cold storage facilities, with a strategic focus on tier-2/3 cities that have historically been underserved by modern logistics infrastructure, and where quality formal employment in the organised sector remains scarce, the company said. "IFC's investment in NDR Smart Spaces will support Grade A warehouses in Tie

Loan book to cross ₹2 trn milestone in FY27 on firm demand: Hudco CMD

State-owned infrastructure financing institution Housing and Urban Development Corporation Ltd (HUDCO) expects its loan book to cross the Rs 2 lakh crore mark during the ongoing financial year on firm demand. To fund asset expansion, the company plans to borrow Rs 75,000 crore from both domestic and overseas markets during the current fiscal. Of this, the company has already raised Rs 20,000 crore in the first quarter and the remaining Rs 55,000 crore would be mobilised in the three quarters of FY27, HUDCO Chairman and Managing Director (CMD) Sanjay Kulshrestha told PTI. As far as domestic market fund raising is concerned, the company plans to raise up to Rs 1,000 crore through Capital Gain Bonds in addition to non-convertible debentures and other means. The government authorised the company to issue 54 EC Capital Gain Bonds last year and it mobilised about Rs 120 crore during FY26. Capital Gains Bonds are a type of investment instrument, authorised by the Income Tax Act, 1961. Th

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