Page 5 - Infrastructure Projects

PM Modi unveil projects worth Rs 41,000 crore for Indian Railways

The Amrit Bharat stations, spanning 27 states and Union Territories, will undergo redevelopment at a budget exceeding Rs 19,000 crore

431 infra projects hit by cost overrun of Rs 4.80 trn in Jan, says Mospi

As many as 431 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by cost overrun of more than Rs 4.80 lakh crore in January 2024, an official report stated. According to Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,821 projects, 431 reported cost overrun and 780 projects were delayed. " Total original cost of implementation of the 1,821 projects was Rs 26,09,679.38 crore and their anticipated completion cost is likely to be Rs 30,90,135.99 crore, which reflects overall cost overruns of Rs 4,80,456.61 crore (18.41 per cent of original cost)," the ministry's latest report for January 2024 said. According to the report, the expenditure incurred on these projects till January 2024 is Rs 16,43,821.69 crore, which is 53.20 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreases to 583 if delay is ..

PM Modi to inaugurate Rs 600 cr-worth First Mile Connectivity projects

The First Mile Connectivity projects aim to reduce reliance on coal transportation via roads, thereby mitigating traffic congestion, road accidents, and environmental impact

The mystery of Rs 8-trn gap between dropped, completed projects in capex

Govt's contribution in the trend is now trending higher than the private sector's

Expected Infrastructure push sets South India's cement market in motion

Industry majors and analysts expect the rise in overall infrastructure capital outlay in the Interim Budget to Rs 11.11 trillion in 2024-25

Infrastructure major L&T bags 'significant' orders in Middle East

Infrastructure major Larsen & Toubro (L&T) on Tuesday said that its hydrocarbon division has bagged "significant orders" from a client in the Middle East. The company did not disclose the order value. However, according to its classification, significant orders value in the range of Rs 1,000 crore to Rs 2,500 crore. "The Hydrocarbon vertical, L&T Energy Hydrocarbon (LTEH) of Larsen & Toubro (L&T), has secured an onshore order and an offshore order from a prestigious client in the Middle East," the infrastructure major said in a stock exchange filing. The scope of work for the onshore order comprises engineering, procurement and construction of an enclosed ground-flare system and demolition of existing facilities, reducing flame and smoke visibility to the nearby ongoing large-scale residential developments. The offshore order involves mainly brownfield work including upgradation of shutdown systems in existing offshore platforms. Larsen & Toubro is a USD 23 ...

NDA removed supply hitch, created infra: White Paper on Indian economy

Cites transparent allocation of public resources as a catalyst for public welfare

Latest LIVE: Uttarakhand Cabinet approves Uniform Civil Code draft

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PM Modi unveils development projects worth Rs 11,600 cr in Assam

Prime Minister Narendra Modi on Sunday will roll out development projects worth nearly Rs 11,600 crore in Assam. Modi will address a public meeting at 11.30 am at the Veterinary College Playground in Khanapara here, from where many state and central projects will be unveiled. Some of the major projects for which foundation stones will be laid are the Kamakhya temple corridor (Rs 498 crore), the six-lane road from the new airport terminal (Rs 358 crore) in Guwahati, the upgradation of Nehru Stadium to FIFA standards (Rs 831 crore) and a new sports complex in Chandrapur (Rs 300 crore). The second edition of Asom Mala roads will also be kick-started by the PM. This phase will comprise 43 new roads and 38 concrete bridges, entailing a total investment of Rs 3,444 crore. Besides, Modi will lay the foundation stone for an integrated new building of the Gauhati Medical College and Hospital, to be constructed at a cost of Rs 3,250 crore. He will also lay the foundation stones for the prop

Govt to add more medical colleges by utilising existing infra: Sitharaman

The government plans to set up more medical colleges by utilising existing hospital infrastructure and will set up a committee to examine the matter, Finance Minister Nirmala Sitharaman said while presenting the interim Budget for 2024-2025 on Thursday. The minister also said that the government will encourage vaccination for girls in the 9-14 year age group for the prevention of cervical cancer. Various schemes for maternal and child healthcare will be brought under one comprehensive programme for synergy in implementation, Sitharaman said in Parliament. "Several youth are ambitious to get qualified as doctors. They aim to serve our people through improved healthcare services. Our government plans to set up more medical colleges by utilising the existing hospital infrastructure under various departments. "A committee for this purpose will be set up to examine the issues and make relevant recommendations," Sitharaman said. The newly designed U-WIN platform for managing immunisatio

Adani Group's Ambuja Cements profit misses estimates on lower volumes

Ambuja's consolidated volumes increased 2.9% to 14.1 million metric tons in the October-December period, lower than the 5.5% growth estimated by Jefferies

Relaxation in development rules can't be allowed public safety is affected

Relaxation of development rules cannot be permitted if it adversely affects public safety, the Bombay High Court has said while ordering the removal of seven mechanised cantilever car parking spaces (stack parking) constructed in a residential building here. A division bench of Justices Gautam Patel and Kamal Khata noted that the stack parking system in the premises of the housing society in Borivali completely undermined the fire safety and public safety not only of members of the society but also of children, senior citizens, and perhaps even passersby. The order dated January 18 was made available on Tuesday. The bench noted that no fire tender or ambulance can go past the stack parking in case of emergencies in the society. The court passed the order in a petition filed by Rahul Jain, an ophthalmologist, challenging the decision to set up seven mechanised cantilever (stack) car parking spaces at his housing society in the western suburb of Borivali, as it was blocking the entra

As many as 431 infra projects show cost overrun of Rs 4.82 trillion in Dec

As many as 431 infrastructure projects, each entailing an investment of Rs 150 crore or more, were hit by cost overrun of more than Rs 4.82 lakh crore in December 2023, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,820 projects, 431 reported cost overrun and 848 projects were delayed. "Total original cost of implementation of the 1,820 projects was Rs 25,87,066.08 crore and their anticipated completion cost is likely to be Rs 30,69,595.88 crore, which reflects overall cost overruns of Rs 4,82,529.80 crore (18.65 per cent of original cost)," the ministry's latest report for December 2023 said. According to the report, the expenditure incurred on these projects till December 2023 is Rs 16,26,813.80 crore, which is 53 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 638, if delay is

Greater Noida to soon ink 'Sister City' pact with US' Loudoun County

Greater Noida may soon enter into a 'Sister City' agreement with the US' Loudoun County, in a move that can open the way for large-scale investment, academic and cultural exchanges between them, officials said. A team of representatives from Loudoun County, in Virginia State of the US and some 70 km off Washington DC, was in Greater Noida on Tuesday. During the visit, the American delegation led by Buddy Rizer, executive director of the Department of Economic Development of Loudoun County, met with Greater Noida Industrial Development Authority (GNIDA) CEO N G Ravi Kumar and Additional CEO Medha Rupam. "During the meeting, the two sides held discussions to finalise the terms of agreement for the 'Sister City' pact," the GNIDA said in a statement. A couple of suggestions have been given by both the sides in the draft agreement, following which a memorandum of understanding will be made after taking approval from the government soon," the GNIDA said. According to officials, the Grea

A sense of collective achievement prevailed, says L&T's S V Desai

S V Desai, whole-time director & senior executive vice-president (civil infrastructure), L&T, talked about the challenges and learnings from executing India's longest sea bridge

LIVE: Retail inflation rises to 4-month high of 5.69% in December

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With MTHL on the road, Mumbai may see projects worth Rs 84K cr begin ops

The 37,276 crore worth Mumbai Metro line-3, connects the north of the city (SEEPZ) to south (Cuffe Parade) and is expected to start operations in two phases, first in April and second in September

REC, Bank of Baroda sign MoU to finance power, infra and logistics projects

The collaboration aims to catalyse transformative projects that will positively impact communities and drive socio-economic progress

REC Ltd, RVNL sign Rs 35,000 crore MoU to finance infrastructure projects

REC will be financing diverse projects including logistics hubs, rail, road, port, and metro over the next 5 years

PM Modi inaugurates projects worth over Rs 20,000 cr in Tamil Nadu

Railway connectivity, roads, oil and gas, shipping works will create employment for thousands, he says