Infrastructure Projects

BS Manthan: Experts to unpack India's economic reset amid new world order

The two-day BS Manthan event, scheduled for February 27 and 28 at the Taj Palace in New Delhi, marks a milestone as it coincides with the 50th anniversary of Business Standard's publication

Experts call for building digital infra to tap IT talent in small cities

With remote IT work expanding opportunities for professionals in Tier 2 & 3 cities, experts have called for investment in digital infrastructure and upskilling to connect talent with global projects. Experts have also hailed the government's move to set up five National Centres of Excellence for Skilling as a strategic move to align youths' capabilities with the demands of both domestic and international markets. Atul Soneja, Chief Operating Officer, Tech Mahindra, said, "The rise of remote IT work has notably expanded opportunities for professionals in Tier 2 and Tier 3 cities. This shift provides earning potential and promotes inclusive growth." To fully harness this opportunity, it is imperative to invest in robust digital infrastructure, offer continuous skill development programmes, and create platforms connecting talent from these regions with global projects, Soneja said. Ganesh Gopalan, co-founder & CEO, Gnani.ai said that to fully tap talent in small cities, ...

NIIF plans to raise $2 billion private credit fund, India's largest so far

The fund will focus on performing credit, aiming to channel international capital into the Indian economy

Odisha set for golden period of industrial, infra development: CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Sunday said the state is set for an industrial revolution and a golden period for infrastructure development. Majhi said the 'double engine' government will ensure 'double development' of the state. "I firmly believe that with the joint efforts of the Central government and the state government, the next 5 years will be the golden age of infrastructure development for Odisha. There is no doubt that the double engine governments will double the development of Odisha," the CM said while addressing the gathering after unfurling the National flag in Cuttack on the occasion of the 76th Republic Day. Noting that the recent visit of the Singapore President to Odisha and the signing of eight MoUs with the state government is a vivid example towards a big change in the industrial sector, the CM said: "Our government is committed to using the precious mineral resources of the state instead of exporting them and bringing about industrial revolution i

Signature Global buys 16-acre land in Gurugram for Rs 300 crore for project

Real estate company Signature Global has bought a 16.12-acre land in Gurugram for nearly Rs 300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties. The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana. "We have purchased a 16-acre land parcel in Gurugram for the development of a premium housing project," Signature Global Chairman Pradeep Kumar Aggarwal told PTI. He said the total development potential in this project would be around 27-28 lakh square feet area. Asked about the land cost, Aggarwal said the total investment of the purchase of land is nearly Rs 300 crore. He said the company had earlier done a joint development agreement with the landowner but now it has cancelled the same and bought this land parcel outrightly. Aggarwal said the company has bought this land using internal accruals, as the company is generating operating surplus. Signature will continue to look for land parc

CM Nitish Kumar launches projects worth Rs 200 cr in East Champaran

Bihar Chief Minister Nitish Kumar on Tuesday inaugurated and laid foundation stones for a host of developmental projects worth Rs 201.12 crore in East Champaran district. Kumar, during the second day of his Pragati Yatra', visited Sundarpur village under the Kesaria assembly seat and virtually laid the foundation stones for the schemes. According to a statement issued by the Chief Minister's Office (CMO), He inaugurated the newly constructed building of a government school in Sundarpur. Kumar also handed over the management of a pond constructed under the Jal-Jeevan-Hariyali scheme to JEEViKA Didis' (women associated with self-help groups under the JEEViKA project). He distributed symbolic cheques of financial assistance of Rs 3.35 crore to 1,26,354 JEEViKA Didis'. The chief minister directed officials concerned for immediate construction of two bridges over the Dhanauti river in Majuraha and Budhi Gandak in Ibrahimpur area, respectively, in the district. Besides, he asked offici

Jobs, farm productivity, infra funds figure at PM's meeting with economists

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. The Prime Minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025. According to an official statement, the Prime Minister emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047. The participants shared their views on several issues, including navigating challenges posed by global economic uncertainties and geopolitical tensions, strategies to enhance employment particularly among the youth, and create sustainable job opportunities across ...

Ashoka Buildcon to invest Rs 9,000 cr in green hydrogen plant in Bihar

Construction engineering company Ashoka Buildcon plans to invest Rs 9,000 crore in setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said Friday. The company signed a memorandum of understanding with the state government, committing to investing in the plant, during the Bihar Business Connect 2024. The Maharashtra-based firm is in highway construction, power distribution and solar projects. Sharma said the company will set up a 1,250 MW solar project and use the clean electricity to produce green hydrogen by splitting water. "The first phase of the plant is being planned at Begusarai (in Bihar)," he said. Green hydrogen is the cleanest known source of energy, which produces just water from being burnt. Sharma said the first phase of the project will take 1.5-2 years to commission from the date of receiving all clearances. The second phase will follow thereafter. According to the latest presentation on the company website, Ashoka Buildcon had an

Core sector growth at 3-month high, but remains subdued at 3.1% in Oct

On the other hand, the output of crude oil (-4.8 per cent) and natural gas (-1.2 per cent) contracted during the month

This smallcap real estate stock has zoomed 85% within 2 months

Ajmera Realty & Infra India (ARIIL) hit a new high of Rs 1,120, gaining 6 per cent on the BSE in Thursday's intra-day trade on healthy outlook.

PM to launch metro line, lay foundation stones of infra projects in Maha

Prime Minister Narendra Modi will be on a visit to Maharashtra on Saturday, during which he will launch several development initiatives costing over Rs 56,000 crore, officials said. Modi will first visit Washim, where he will inaugurate the Banjara Virasat Museum, celebrating the rich heritage of the Banjara community, after offering prayers at Jagdamba Mata temple in Poharadevi and paying tribute at the 'samadhis' of Sant Sevalal Maharaj and Sant Ramrao Maharaj, an official release said. Later in the day, he will inaugurate and lay the foundation stone for various development projects worth over Rs 32,800 crore in Thane. In Mumbai, he will inaugurate the BKC to Aarey JVLR section of Mumbai Metro Line - 3 costing around Rs 14,120 crore, and will also take a ride in the metro between BKC and Santacruz stations. At 12 noon, Modi will launch various initiatives related to the agricultural and animal husbandry sector worth around Rs 23,300 crore in Washim. In line with his commitment

Kalpataru Projects International bags orders worth Rs 2,774 crore

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore. Kalpataru Projects International Ltd (KPIL), one of the largest Engineering & Construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crore, a company statement said. These include new orders in the Transmission & Distribution (T&D) business in overseas markets and the EPC project for Extension of Airport from Airports Authority of India (AAI). The new orders also include Design & Build project for residential buildings in India. Manish Mohnot, MD & CEO, KPIL, said in the statement, "We are pleased with the continuous ordering momentum, especially in our T&D and Buildings and Factories (B&F) business." The order from the AAI will mark our entry into the growing domestic airport sector and further diversify our clientele, he added. The orders in the T&D and ...

EIL bags Rs 4,681 crore orders in FY25 so far, surpasses FY24 total

A 37% rise in the value of orders compared to the whole FY24, driven by new projects in niche chemicals and gas storage

PM Modi chairs PRAGATI meet, reviews projects worth more than Rs 76,500 cr

Prime Minister Narendra Modi on Wednesday chaired a PRAGATI meeting to review the progress of seven key projects, spread across 11 states and Union Territories, having a cumulative worth of around Rs 76,500 crore, his office said. Prime Minister Modi emphasized the fact that every official in the government, at Central or State level, must be sensitized about the fact that delay in projects not only leads to cost escalation but also deprives the public of the intended benefits of the project, the Prime Minister's Office (PMO) said in a statement. Prime Minister Modi earlier today chaired the meeting of the 44th edition of PRAGATI, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments. This was the first meeting in the third term. Seven significant projects, including two projects relating to road connectivity, two rail projects and one project each of the Coal, Power and Water Resources sectors, were review

RBI mulls softer rollout of infra financing norms amid lender pushback

The central bank faced criticism claiming that the new norms may slow down important govt projects like highways and power plants, which are critical for India's economic growth

What are investors betting on? Infrastructure leads thematic fund category

Infrastructure thematic funds are mutual fund schemes that primarily invest in companies operating in the infrastructure sector.

Group taxation regime for infrastructure

Tax consolidation for special purpose vehicles is desirable

Himachal CM Sukhu announces projects worth Rs 696 cr to boost tourism

Chief Minister Sukhvinder Singh Sukhu has said that 11 projects with an outlay of Rs 696.47 crore are underway to give a fillip to the tourism sector in Himachal Pradesh. Presiding over a meeting of the tourism department here last evening, he said tenders have been invited for all these projects, aiming to enhance the influx of tourists in the state, a statement issued here on Wednesday said. "It was essential to enhance the overall tourism experiences in the state and create new infrastructure as tourism is a key sector for our economy supporting the livelihood of thousands of families directly or indirectly," he said. As per the statement, the 11 projects include a convention centre at Dharamshala (Rs 161.91 crore); beautification of Palampur and Nagrota Bagwan (Rs 95.50 crore); wellness centre at Nadaun (Rs 91.42 crore); ice skating rink cum roller skating rink at Dharamshala (Rs 39.51 crore), among others. The chief minister directed the officers to expedite the projects and .

DMRC to prepare project report for Indore-Ujjain, Pithampur metro corridors

The estimated distance for these corridors is 84 km. Phase 1 of the Indore metro line is expected to begin operations later this year

Macrotech Developers Q1 results: Profit jumps to Rs 475 cr on higher income

Realty firm Macrotech Developers on Tuesday reported a 2.7-fold jump in its consolidated net profit to Rs 475.3 crore for the June 2024 quarter on higher income. Its net profit stood at Rs 178.4 crore in the year-ago period. Total income grew to Rs 2,918.3 crore during the April-June period of this fiscal year from Rs 1,671.8 crore in the corresponding period of the preceding year. Abhishek Lodha, MD & CEO of Macrotech Developers Ltd, said, "Q1, FY'25 was our best ever 1st quarter with Rs 4,030 crore of pre-sales our 2nd consecutive quarter of over Rs 4,000 crore pre-sales. The icing on the cake is that these strong pre-sales have come alongside robust embedded EBITDA margins of 33 per cent." "Delivery of strong pre-sales from a diverse portfolio of projects with strong margins showcases the predictability and consistency of our business model," he added. Lodha highlighted that the company's pre-sales in Pune stood at more than Rs 1,000 crore in Q1 (more than 50 per cent of its .