Page 6 - Infrastructure Sector

Eight core industries' output contracts 2.6% in November

The output of eight core infrastructure sectors dropped by 2.6 per cent in November, mainly due to decline in production of natural gas, refinery products, steel and cement

Govt may allow EPFO to invest in cash-starved infra sector through AIFs

At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds (of around Rs 1.5 trillion) in debt-related instruments

Ind-Ra maintains negative outlook on transport, energy infra for H2 of FY21

It said toll collections rebound was strong at around 90 per cent of pre-Covid-19 levels in the first 15 days of September 2020, exceeding Ind-Ra's April 2020 expectations

PE investments worth $1.9 bn in August, dipping 53% from July deals

Month has been better than the sub $1 billion monthly run rate seen in the early months of the coronavirus pandemic

Six out of top 10 infrastructure companies struggling to stay afloat

These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period

Use of galvanised steel set to rise in large-scale infra development: HZL

"As India is on its way to large-scale infrastructure expansions, use of galvanised steel in construction is set to rise," Hindustan Zinc CEO Arun Mishra said

GMR Infra posts loss of Rs 834 cr in Q1, income dips to Rs 1,224 cr

Revenues from the Airports segment stood at Rs 494 crore in the first quarter against Rs 1460 crore in the April-June quarter of FY20

FM seeks investment from UAE for Rs 111 trn National Infra Pipeline

During the meeting, both the leaders agreed to cooperate on areas like financial technology

FM launches NIP online dashboard for info on infra projects across India

In the Budget speech of 2019-2020, Sitharaman had announced an outlay of Rs 100 trillion for infrastructure projects over the next 5 years

Cabinet may take up proposal for Credit Guarantee Enhancement Corp soon

The Union Cabinet is expected to take up soon a proposal for setting up Credit Guarantee Enhancement Corporation to widen sources of capital for infrastructure financing, sources said.

Covid-19: Experts seek income support, cash transfer for those affected

NIPFP's Rathin Roy said that providing income support and preventing wealth disruptions is a necessary requirement in the current situation.

Asian countries need to focus on PPP to support infrastructure: ADB

PPPs can help by bringing in private sector capital and technical expertise as governments continue to look for value for money in infrastructure provision, the authors said.

No uniform policy a big hurdle for production: AMNS India CEO Dilip Oommen

Infrastructure steel consumption has not picked up yet. Some steel consuming segments like auto have started their production. Full revival will take some time, says Dilip Oommen

Covid-19: Order inflow a concern for capital goods, construction companies

In a two-part series, Business Standard takes stock of order books of infrastructure companies and whether they will be able to withstand the lockdown-induced economic slowdown

Lockdown 2.0: Our targets for project award won't decline, says Gadkari

In an interview to Megha Manchanda, Union Road Transport and Highways Minister Nitin Gadkari says he is optimistic about the sector meeting its project execution target in a time-bound manner

Covid-19 impact on infrastructure capex may be worse than seen in 2008

As janta curfews and lockdowns impact ongoing projects, government spending on relief measures may limit future infra spends

Union Budget 2020: NHAI to borrow less next year while targets elude

In the highways sector, the debt of the National Highways Authority of India has weighed down on the projections for next year

Growth triggers still missing in Nirmala Sitharaman's second Budget

Companies which stand to gain the most are rural focused players, gas utilities, building material makers and logistics firms.

PE, VC investments in India grew 28% to $48 billion in 2019, says EY data

Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018)

Infrastructure players ask govt to bring captive renewable energy policy

They also asked to make finance available for real estate and affordable housing