Infrastructure

Punjab & Sind Bank eyeing Rs 3,000 crore through infrastructure bonds

The bonds, rated 'AA' by domestic rating agencies CRISIL and IndiaRatings, have a base size of Rs 500 crore and a green-shoe option of Rs 2,500 crore

Kerala, Adani Ports sign agreement for development of Vizhinjam Seaport

As per the agreement signed on Thursday, the project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028

'Govt collected Rs 1.44 trn toll at highway plazas under PPP since 2000'

The government has collected Rs 1.44 lakh crore as toll tax at fee plazas presently operational under Public Private Partnerships (PPP) model on National Highways since December 2000, Parliament was informed on Thursday. In a written reply to a question in the Lok Sabha, road transport and highways minister Nitin Gadkari said all user fee plazas on National Highways are established as per the provision of National Highways Fee (Determination of Rates and Collection) Rules, 2008 and the respective Concession Agreement. "Amount of 1.44 lakh crore rupees have been collected as user fee at fee plazas presently operational under Public Private Partnerships (PPP) model on National Highways since December, 2000," he said. Replying to a separate question, Gadkari said the government has initiated the implementation of barrier-free tolling using available technology based electronic toll collection (ETC) system as an added facility along with FASTag. The minister said presently, Global ...

Govt to revamp infrastructure lender IFCI by shutting its lending ops

The government plans to infuse Rs 500 crore into IFCI this year

Banks eye Rs 1 trillion through infrastructure bond issuances in FY25

So far, lenders have raised Rs 74,256 cr

Adani Infra to pick 30% stake in PSP Projects, make an open offer

Post the transaction and open offer, Adani Infra to acquire joint control over PSP Projects along with the existing promoter group

Adani Infra to acquire 30% stake in PSP Projects for Rs 685 crore

Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises, will purchase the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder

With huge infra, India becomes biggest lab in digital world: NITI Aayog CEO

Backed by huge digital infrastructure, India has become the biggest laboratory in the digital world where one can experiment at a scale, NITI Aayog CEO BVR Subrahmanyam said on Friday. In his keynote address at Indian School of Business (ISB) here, he said the country is expected to become a USD 30 trillion economy by 2047 surpassing the present size of US and Chinese economies. According to him, though one university and two colleges were opened every week in the past ten years, only 29 per cent of the age cohort enroll in the varsities. India has become the biggest laboratory in the digital world. A laboratory where you can experiment at a scale, which is impossible and inconceivable anywhere else, probably except the United States. Maybe we even leapfrog them for a variety of reasons, he said. Subrahmanyam said India has created a huge architecture called digital public infrastructure by going the public route rather than the private. The official further said, Estonia was the

Black Box eyes $2 billion revenue in 4 years on rising AI, data demand

Black Box has increased its focus on modular data centres and prefabricated solutions, which are designed to accelerate project timelines and cater to hyperscale needs

Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra

Private sector banks are leading technology adoption, said Michael Debabrata Patra, deputy governor, Reserve Bank of India

Apollo Green Energy prepares for IPO, eyes Rs 10,000 cr portfolio by 2025

Apollo International's renewable energy arm in the EPC sector looks to build its Rs 3,500 crore portfolio before going public in 2025

Genus Power Infrastructures Q2 results: Net profit jumps to Rs 58 cr

Genus Power Infrastructures on Tuesday reported a multifold jump in its standalone net profit of Rs 58.25 crore in the September quarter due to higher income. It had posted Rs 11.02 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 518.28 crore from Rs 268.51 crore a year ago.

Summit Digitel Infrastructure raises Rs 1,000 cr at a coupon rate of 7.58%

Private sector lenders Yes Bank and Axis Bank have subscribed to 30 per cent of the issue size as anchor investors. They are also the arrangers of the issue

India, Saudi to discuss ways to boost cooperation in energy, digital infra

Commerce and Industry Minister Piyush Goyal will discuss ways to increase cooperation with Saudi Arabia in areas like renewable energy, digital infrastructure, and manufacturing during his two-day visit, an official statement said on Monday. The visit to Riyadh will begin from Tuesday. The commerce and industry ministry said Goyal will participate in the Future Investment Initiative (FII) in Riyadh, a crucial platform that brings together global leaders, investors, and innovators. His participation will highlight India's rapid economic growth, its focus on sustainable development, AI, and the immense opportunities in sectors like renewable energy, digital infrastructure, and advanced manufacturing, it said. On the sidelines of the FII, the minister will engage with prominent global investors. "These interactions aim to strengthen investor confidence, facilitate investment flows, and promote India as a preferred global investment destination," it said. He will also hold bilateral

Proper infra, workforce key challenges for logistics industry: Experts

Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary General Deepak Sood said. Besides, the warehousing sector in India is highly fragmented, with many small and unorganised players, leading to inefficiencies, lack of standardisation, and limited scalability, he added. The lack of proper road infrastructure and congestion causing delays impacts the supply chain efficiency, Srikumar Krishnamurthy, Senior Vice President & Co-Group Head - Corporate Ratings, Icra Ltd, said. Some of the near-term headwinds are the inability to increase freight rates amid competitive pressures, an inflationary environment and relatively sticky diesel prices, he noted. BookMyCargo founder JD Yadav said the ...

'India's DPI figures in global conversations around scalable infra'

India's Digital Public Infrastructure (DPI) is now part of global conversations around inclusive and scalable infrastructure, and its blueprint can offer others an opportunity to harness technology for improving the lives of citizens, according to experts. Primus Partners, in association with iSPIRT, organised a DPI roundtable that saw key stakeholders such as senior bureaucrats, diplomats, policymakers, industry leaders and thought leaders discussing India's leadership in advancing DPI and its crucial role in driving socio-economic transformation. Delivering keynote address, G20 Sherpa Amitabh Kant noted India's remarkable leap in becoming the voice of the Global South in DPI, and in achieving in 9 years what would have taken 50 years, otherwise. "This sentiment was echoed during India's G20 Presidency, where countries reached a common consensus that DPIs are essential for equitable development and to improve the lives of citizens, especially in the global south," he said. The fir

Kalyani Developers plans to invest Rs 5,300 cr on housing, hotel projects

Bengaluru-based Kalyani Developers plans to invest around Rs 5,300 crore to develop housing and hospitality projects in South India. In a statement on Thursday, the company announced its foray into the residential segment with three projects planned in North Bengaluru, Whitefield and Kanakapura Main Road. The company is also planning a mixed-use development in Hyderabad. "The overall investment for these projects would be around Rs 4,500 crore over the next two years. The company is also planning Rs 800 crore investment in two hotels comprising 300 rooms each in North Bengaluru," it added. "Over the past three decades, we have established a strong reputation in commercial real estate, hospitality, automobiles (with more than 75 showrooms in Bangalore, Mysore, and Hyderabad), and renewable energy...," A Mohan Raju, Managing Director and CEO, Kalyani Developer, said. The residential segment presents a significant opportunity for the company to leverage this legacy and expertise, he

REPL bags order from TN to prepare master plans for 12 urban local bodies

Rudrabhishek Enterprises Ltd (REPL) has received a work order from the Tamil Nadu government to prepare GIS-based master plans for 12 Urban Local Bodies. REPL is into urban development and infrastructure consultancy. It is listed on the National Stock Exchange (NSE). In a statement on Tuesday, REPL said the Directorate of Town and Country Planning (DTCP), the government of Tamil Nadu, has appointed the company to prepare GIS-based master plans for 12 Urban Local Bodies (ULBs) under AMRUT 2.0 Sub-Scheme. This assignment is aligned with the Tamil Nadu government's strategic focus on fostering planned and sustainable development, leveraging advanced GIS technology to create cities that are more efficient, resilient, and more livable, it added. REPL will conduct a thorough assessment of the existing conditions and identify development trends at the regional level. This involves a comprehensive review and analysis of current development patterns, identifying gaps, potential development,

PM Gati Shakti: A milestone in India's infrastructure development

The achievements of PM Gati Shakti reflect its success in addressing critical infrastructure gaps and streamlining execution across sectors

Goyal launches district master plan under PM GatiShakti for infra planning

Commerce and Industry Minister Piyush Goyal on Tuesday launched a district master plan under the PM GatiShakti initiative for infrastructure planning in 27 aspirational districts of the country. A national master plan portal is there under the initiative for efficient planning and implementation of infrastructure projects. Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months. The minister also launched the guidelines for preparing logistics plans to help cities tailor their logistics planning. He added that the PM GatiShakti is India's offering to the world of tomorrow where over 1,600 layers of data have been accumulated at the central and state levels for faster, better, and cost-effective planning of world class infrastructure. "This is going to be the technology that the world will use for their infra planning in the years to come," he said, adding India's urban planners, architects, engineers, ...