Page 11 - Infrastructure

Afcons Infrastructure likely to opt for Rs 4,000 cr pre-IPO placement

Pre-IPO placements occur after filing the offer document. The amount raised through this route results in a reduction of the IPO size to that extent

Key infra sectors' growth contracts 1.8% in August, shows govt data

The growth in production of eight key infrastructure sectors contracted 1.8 per cent in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday. The growth rate was 6.1 per cent in July. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 13.4 per cent in August 2023. During April-August this fiscal, the output of core sectors rose 4.6 per cent against 8 per cent in the same period last fiscal. The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth.

India, Bhutan to expedite development of cross-border infra projects

India and Bhutan on Friday held discussions to expedite development of certain cross-border infrastructure projects, including setting up of an integrated check post to promote bilateral trade. The issues were deliberated upon in the meeting of Commerce Secretary Sunil Barthwal and Secretary, Ministry of Industry, Commerce and Employment (MoICE) Bhutan Dasho Tashi Wangmo in Thimpu. They co-chaired and decided to expedite the development of cross-border and connectivity infrastructure, including the establishment of an Integrated Check Post in Jaigaon-Phuentsholing and rail links between Kokrajhar-Gelephu and Banarhat-Samatse, the commerce ministry said in a statement. It said that the two secretaries also discussed notification of LCS (land customs station) Jaigaon for import of scrap in India from Bhutan; establishment of border haats along the India-Bhutan border; facilitation of movement of businesspersons; and consideration of import of boulders from Bhutan to India. Besides, .

NBCC secures Rs 75 crore contract for IIIT Nagpur infra expansion

NBCC (India) Ltd has bagged a Rs 75 crore contract to build additional infrastructure at Indian Institute of Information Technology, Nagpur. The company said in a statement on Thursday it has "secured a prestigious project for the construction and development of additional infrastructure at the Indian Institute of Information Technology (IIIT), Nagpur. " With an estimated project cost of Rs 75 crore, this endeavour marks a significant step forward in enhancing the educational facilities at IIIT Nagpur, located approximately 25 kilometres from the city. Following the successful completion of Phase I, which included an Academic Block (G+5), an Admin Block (G+2), a Hostel Block (G+10) and a Residential Block (G+11), the institute is now ready to expand its infrastructure further. The upcoming Phase II will encompass the construction of an Academic Block B, alongside essential external development work and associated electrical and mechanical services. Additionally, the project will .

Mumbai's first underground Metro gears up for partial launch in October

Phase one to run on a 12.44 km long stretch between Aarey Depot and BKC

Adani Energy Solutions valued at $18.5 bn; revenue to grow 20% over 3 years

Adani Energy Solutions Ltd, power transmission utility of the Adani group, is valued at USD 18.5 billion at enterprise level and a strong business growth is likely to propel a 29 per cent compounded growth in its pre-tax profits over the next three years, a report said. AESL has a diversified portfolio that includes transmission assets, distribution assets, and a smart metering business. "With an enterprise value of USD 18.5 billion, we believe AESL to be a very attractive way to play the rapidly expanding energy markets in India," global brokerage Cantor Fitzgerald said, initiating coverage of the company. It believes AESL offers growth unlike any other publicly traded utility/energy company across US, Europe, or Asia. "We forecast total revenue to grow at a CAGR of 20 per cent from FY24 to FY27 and adjusted EBITDA to grow at a CAGR of 28.8 per cent." This compares to peers growing revenue at low single digits and EBITDA at mid-single digits. Stating that it is growing meaningful

Adani Group eyes 46.64% stake acquisition in ITD Cementation India

Acquisition in ITD Cementation India would strengthen Adani Group's civil engineering capabilities

IRB InVIT to raise Rs 2,667 crore via term loans to refinance existing debt

Post refinancing, roads SPVs to be free of external debt

Jupiter Wagons to invest Rs 2,500 crore for production capacity expansion

JWL also informed that it has changed the name of its unit Bonatrans India Private to Jupiter Tatravagonka Railwheel Factory

Indoor amusement centres may occupy 11 mn sq ft space by 2028: Report

The entertainment category is increasingly being integrated into initial mall design phases by developers

Affordable health care: Greater policy focus required to strengthen infra

Although public spending on health has increased in recent years, it continues to remain low compared to other countries

Infrastructure, agriculture key focus areas of 100 days of Modi 3.0

The BJP-led NDA government has approved infrastructure projects worth Rs 3 lakh crore, including linking 25,000 unconnected villages to road networks and building a mega port at Wadhawan in Maharashtra, during its first 100 days in office. Besides infrastructure, the focus of the government has also been on agriculture by increasing the minimum support price (MSP) for Kharif crops, removing of minimum export price (MEP) on onions and basmati rice and hiking the duty on the import of crude palm, soybean and sunflower oils. Prime Minister Narendra Modi assumed office for the third consecutive term on June 9 this year. The thrust of the Modi government has been on providing stability on the policy front with a flexible approach to adopt certain changes to remove teething problems without diluting the original concept. A case in point is the Goods and Services Tax which has undergone 140 changes to reduce friction. The government approved the Wadhavan Mega Port in Maharashtra for Rs .

Indian Bank raises Rs 5,000 crore via long-term infrastructure bonds

This strategic move is part of Indian Bank's efforts to mobilise resources for credit growth and refinancing of infrastructure projects

Seven ways to make India's smart cities smarter and more efficient

But overall, the requirements of a significant uptick in manufacturing investments remain an ongoing policy challenge

Freight train derails in southwest Russia due to 'interference': Officials

The accident happened in the Novooskolsky district of the region of the Belgorod region

KKR's Agrawal calls industrial infra 'next big thing' in asset class

Data centers and logistics have been big plays for alternative asset managers in real estate and infrastructure as they look to capitalize on long-term trends

Majority of India need to calibrate infra to mitigate climate impact: ESRI

Over 85 per cent of Indian districts are prone to at least one major climate event like flood, drought, cyclone or heat wave, and they need to calibrate existing infrastructure to mitigate the losses and handle threats arising out of climatic changes, a report by GIS software firm ESRI India and IPE-Global said on Friday. IPE Global, along with GIS software company ESRI India, launched a tool to help local authorities take appropriate action in mitigating the impact of natural calamities, especially floods. "85 per cent of Indian districts are prone to at least one of the major extreme weather patterns, which are floods, flood, drought, cyclone and heat waves. Cities will have to look at ways to manage changes that are happening in climate. Their infrastructure has to go through a revamp so that urban flooding can be minimised," ESRI India Managing Director Agendra Kumar said during the report launch. More than 60 per cent of districts in Bihar, Andhra Pradesh, Odisha Gujarat, ...

MMRDA appoints contractors for projects worth Rs 12,500 cr in Mumbai, Thane

The Mumbai Metropolitan Region Development Authority has appointed contractors for nine infrastructure projects worth Rs 12,500 crore in and around Mumbai, including the extension of the Eastern Freeway up to Thane. In a release on Thursday, MMRDA said that the executive committee of the urban planning body chaired by Maharashtra Chief Secretary Sujata Sainik approved these projects "to alleviate traffic congestion and enhance connectivity". MMRDA prepares plans, formulates policies and programmes, and implements projects, besides helping in directing investments in the Mumbai Metropolitan Region (MMR), which is spread over 6,328 sq km and comprises nine municipal corporations. The projects for which the contractors have been appointed include the Rs 2,727-crore Balkum-Gaimukh Thane Coastal Road that will run for 13.45 km, a creek bridge and a road from Kasarvadavali (Thane) to Kharbao (Bhiwandi) that will cover 3.93 km and come up at Rs 1,525.31 crore. The 12.95-km-long extension

ADIA-backed NIIF to seek $4 bn for infrastructure in largest-ever fundraise

The National Investment & Infrastructure Fund, backed by the Indian government and several global investors, is looking to raise money early next year

China to pitch green tech exports to Africa amid concerns of Western curbs

"That's a big ask for a continent that generally has very poor China literacy."