Page 12 - Infrastructure

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."

Dutch firm builds world's strongest crane to handle massive energy infra

The crane, built by heavy lifting firm Mammoet for tens of millions of dollars, is among the latest bets that rising energy consumption will require huge new equipment for years to come

Air defence, infrastructure protection Ukraine's priorities: Zelenskyy

He added, We are also working with our partners on front-line supplies--not just weapons and ammunition, but also strength with long-range impact

Uttarakhand CM Dhami launches schemes over Rs 30 cr ahead of Raksha Bandhan

According to an official release, "Chief Minister Dhami inaugurated 13 schemes worth Rs 2510.95 lakh and the foundation stone laying of 13 schemes worth Rs 1465.90 lakh."

Ramky Infrastructure Q1 results: Net profit declines 33% to Rs 71 cr

Ramky Infrastructure Ltd has reported a 32.6 per cent decline in consolidated profit after tax (PAT) to Rs 70.9 crore for the April-June quarter of this fiscal compared to Rs 105.2 crore in the year-ago period, according to a statement. Revenue from operations rose to Rs 569.1 crore in the first quarter of 2024-25 from Rs 556.7 crore in the year-ago period. "Our financial performance in Q1 FY 2024-25 underscores the strength of our fiscal discipline and strategic foresight. Despite the seasonal economic headwinds, we have maintained a healthy growth trajectory, with significant improvements in our core financial metrics when adjusted for last year's one-time gain," Ramky Group CFO N S Rao said in the statement. "We remain committed to optimizing our capital structure and enhancing shareholder value as we continue to drive sustainable growth," Rao said. The Ramky Group company has completed a wide range of construction and infrastructure projects focusing on industrial infrastructur

IRB Infrastructure Q1FY25 results: Toll collection grew 32%, PAT rises 5%

The company reported a toll collection worth Rs 1,556 crore for the first quarter of the ongoing financial year

Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics

Wipro Hydraulics, part of homegrown Wipro Infrastructure Engineering, on Thursday said it has acquired the US-based Columbus Hydraulics to strengthen its presence in North American market. The company did not disclose the transaction value. The entity has been acquired to strengthen presence in the North American market, Wipro Infrastructure Engineering said in a statement. Wipro Infrastructure Engineering said it has acquired 100 stake in Columbus Hydraulics through its hydraulics cylinder manufacturing business Wipro Hydraulics. Post acquisition, Columbus Hydraulics will become a wholly-owned subsidiary of Wipro Infrastructure Engineering. Pratik Kumar, CEO, Wipro Infrastructure Engineering, and Managing Director, Wipro Enterprises, said, "This acquisition strengthens our position and enhances our manufacturing capabilities in North America. By integrating Columbus Hydraulics' expertise in customized hydraulic solutions, we aim to provide even more comprehensive offerings to our

Ample Parks to invest Rs 800 crore in Chennai's Mahindra World City

Ample Parks will develop 15-17 projects across Tier-I and Tier-II cities such as Mumbai, Pune, Bengaluru, NCR, Lucknow, Guwahati, Nagpur, and Ahmedabad over the next five to seven years

Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore

The Union Cabinet on Friday approved eight important national High-Speed Road Corridor Projects of length 936 km entailing a total cost of Rs 50,655 crore to improve logistics efficiency and enhance connectivity across the country, an official statement said. The implementation of these 8 projects will generate an estimated 4.42 crore mandays of direct and indirect employment, it said. The projects include- 6-Lane Agra-Gwalior National High-Speed Corridor, 4-Lane Kharagpur - Moregram National High-Speed Corridor, 6-Lane Tharad - Deesa - Mehsana - Ahmedabad National High-Speed Corridor, 4-lane Ayodhya Ring Road, 4-Lane Section between Pathalgaon and Gumla of Raipur-Ranchi National Highspeed Corridor, and 6-Lane Kanpur Ring Road.

Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty

Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'

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 .

Built to last

Infra spend must focus on climate change

Ceigall India to open Rs 1,253-crore IPO at Rs 380-401 per share price band

Ceigall India IPO details: Ceigall India's grey market premium (GMP) in the unlisted shares' market is Rs 140 as of July 29, 2024