Page 12 - Infrastructure Projects

438 infrastructure projects show cost overrun of Rs 4.34 trillion

As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.34 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,680 such projects, 438 reported cost overruns and 539 were delayed. "Total original cost of implementation of the 1,680 projects was Rs 21,74,182.86 crore and their anticipated completion cost is likely to be Rs 26,08,330.02 crore, which reflects overall cost overruns of Rs 4,34,147.16 crore (19.97 per cent of original cost)," the ministry's latest report for October 2021 said. According to the report, the expenditure incurred on these projects till October 2021 is Rs 12,64,545.31 crore, which is 48.48 per cent of the anticipated cost of the projects. However, the report said that the number of delayed projects decreases to 377 if delay is calculated on the basis of the latest schedule of ...

Central Vista: 6 firms submit technical bids to construct Executive Enclave

Six infrastructure firms, including Tata Projects Limited and L&T Limited, have submitted technical bids for the construction of an executive enclave that will house the prime minister's office (PMO), Cabinet secretariat, India House and National Security Council Secretariat, a CPWD official said on Wednesday. The other four firms are Shapoorji Pallonji and Company Limited, NCC Limited, PSP Projects Limited and Ahluwalia Contracts India Limited. The official said the documents submitted by these six construction firms are being checked for their qualification to participate in the financial bids. According to the CPWD's bid document, the project, which is being executed under the Narendra Modi government's ambitious Central Vista redevelopment plan, will be completed within 24 months at an estimated cost of Rs 1,171 crore. The Central Public Works Department (CPWD), which comes under the Union Housing and Urban Affairs Ministry, said the Executive Enclave will come up on the south

GMR Infrastructure Q2 consolidated net loss at Rs 169.21 crore

The firm on Friday reported narrowing of consolidated loss

EU to lay out $46 billion infrastructure plan to counter China

The EU's "Global Gateway" strategy will focus on digital, transport, energy and trade projects

Statsguru: Six charts show India's infrastructure projects in a slow lane

Among sectors, water, telecom and Railways faced the highest cost overruns

Nearly 65% of infrastructure projects delayed by Covid-induced lockdowns

Of these projects, 438 reported cost overruns and 218 had both time and cost overruns, showed a flash report on central sector projects released by MoSPI

438 infrastructure projects show cost overrun of Rs 4.3 trillion

As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns

Gati Shakti Yojana to give tech push for quicker delivery of infra projects

The use of GIS and geo-mapping can reduce project costs considerably, including by obviating project reruns

Actis to infuse $850 million into sustainable infra projects in India

Sustainable infrastructure-focused investment firm Actis on Thursday said it will more than double its investments in the country by infusing $850 million in projects over the next five years

Covid LIVE: India resumes vaccine exports as domestic stocks build up

Live news updates: India allows domestic flights to fly at full capacity; IMF maintains growth projection for country.

Cement demand to remain strong in FY22 on rural, infra requirement: Icra

Capacity additions to keep utilisation levels under check in FY22, FY23

Making investment efficient

Pushing capital expenditure will not be enough

483 infra projects show cost overruns of Rs 4.43 trn, 504 works delayed

Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and more.

Modi promises infra boost, jobs, reforms in Independence Day speech

In a speech marking a break from his usual practice, Modi speaks about how future PMs would judge him and his place in history.

479 infrastructure projects show cost overruns worth Rs 4.4 trillion

As many as 479 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 trillion, according to a report

Lessons from the Delhi Metro

Infrastructure, specifically metro systems, is a procurement-intensive sector

NHAI resumes infrastructure investment trust project with roadshows

The trust is being set up as a private listed InvIT to attract large institutional investors

Piyush Goyal reviews 59 issues in critical infrastructure projects

Commerce and Industry Minister Piyush Goyal has reviewed 59 issues in 20 critical infrastructure projects, with anticipated investment value of nearly Rs 2.7 trillion, an official statement said

Rajnath Singh to inaugurate BRO's 63 infra projects from Ladakh today

Defence Minister Rajnath Singh on Monday will inaugurate 63 infrastructure projects constructed by the Border Roads Organisation (BRO) from Ladakh

Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more

Here are the best of Business Standard's opinion pieces for Wednesday