Page 14 - Infrastructure

Higher provisioning may slow infra sector, but good for long term: Industry

While some other executives from the power industry say it may be too early to gauge any impact, some highway contractors refuse to comment on the move

IRB Infra Q4 results: Net profit jumps 45% to Rs 189 cr, revenue up 27%

Co's toll revenue increased by 29 per cent in April, earned Rs 503 crore from its highways

RBI provisioning norms singe PSU banks, infrastructure financers

Move will impact RoE, networth, say analysts

Construction equipment sales rise 26% to 135,650 units in FY24: ICEMA

India's construction equipment industry witnessed a 26 per cent rise in sales to 1,35,650 units in the 2023-24 fiscal on the back of the government's infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. "With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections," it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments. "The industry's excellent annual performance has been a result of significant increase in demand for construction equipment observed

Infrastructure output in March rises 5.2%, cement production up 10.6%

Infrastructure output, which accounts for 40% of industrial production, measures activity in eight sectors, including refinery products and electricity

Realtors retool pricing strategies amid rising cost of construction

The higher costs in Mumbai can be attributed to the increased prices of essential construction materials like cement, reinforced steel, structural steel, and stones

Construction sector firms' revenues to see 12-15% growth this fiscal: ICRA

India's construction sector entities' revenues are likely to grow by 12-15 per cent in the current financial year, while margins will expand by 25-50 bps, rating agency ICRA said on Monday. It further said that the government's infrastructure push will result in double-digit revenue growth for the construction industry in FY2025. The rating agency said it maintains a stable outlook on the sector with steady growth in operating income, moderate leverage, and healthy coverage metrics. "The aggregate order book-to-sales ratio of ICRA's sample set of companies stood at around 3.9x as of December 2023 (compared to 3.4 times during March-2023), thereby indicating a healthy revenue growth prospect over the medium term," ICRA vice president and co-group head - corporate ratings Ashish Modani said. He said, ICRA expects the revenue growth in FY2025 to remain healthy at 12-15 per cent on a year-on-year basis, albeit slightly lower than the 18-20 per cent revenue expansion assessed for FY2024

Private investment push: 200 more Gati Shakti terminals on the cards

77 of the first 100 GCTs announced have already been commissioned at a cost of Rs 5400 crore, says official

Sebi allows AIFs to pledge shares in companies that invest in infra sector

To facilitate ease of doing business, markets regulator Sebi on Friday allowed AIFs (alternative investment funds) to pledge their shares in investee companies in the infrastructure sector. The regulator has also provided additional flexibility to AIFs and their investors to deal with unliquidated investments of their schemes. "Category I and Category II AIFs may create an encumbrance on equity of investee company, which is in the business of development, operation or management of projects in any of the infrastructure sub-sectors," Sebi said in a circular. The move will provide ease of doing business and flexibility to such AIFs. Experts believe that allowing AIFs to create an encumbrance on their equity investments in infrastructure sector companies for the purpose of project finance is essential for infrastructure development. Earlier, pledging of securities held by an AIF in investee companies for loans availed of by the investee companies violates provisions of the AIF ...

Embassy REIT Q4 results: Net operating income up at 13% to Rs 766 cr

Embassy Office Parks REIT on Thursday reported a 13 per cent increase in its net operating income to Rs 765.6 crore and announced distribution of Rs 494.8 crore to unit holders in the fourth quarter of the last fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period. According to a regulatory filing, Embassy REIT has posted an 8 per cent annual increase in its net operating income to Rs 2,981.9 crore during the last fiscal year. Its net operating income (NOI) stood at Rs 2,766.3 crore in the preceding year. The Board of Directors of Embassy Office Parks Management Services, which is manager to Embassy REIT, declared a distribution of Rs 495 crore or Rs 5.22 per unit for Q4 FY24. With this, the cumulative distribution for the entire 2023-24 totals Rs 2,022 crore or Rs 21.33 per unit. "FY2024 has been a blockbuster year for Embassy REIT. We leased a record 8.1 million square feet to leading corporates, the majority of which were GCCs, we delivered 2.2 .

Citizenship, connectivity, unemployment key issues in Assam's Barak Valley

Citizenship, unemployment, poor infrastructure and lack of proper connectivity with the rest of the country are the major issues being highlighted by candidates contesting in the two Lok Sabha constituencies - Silchar (SC) and Karimganj - in Assam's Barak Valley, bordering Bangladesh. Thirty-two candidates are in the fray in the two Lok Sabha constituencies in Barak Valley which will go to the polls on April 26. In these two constituencies in the valley, which gets its name from River Barak, the ruling BJP first made inroads winning both seats in 1991 and 1996 when the party had practically no organisational base in the state. In Silchar, the contest is likely to be among BJP's candidate and Assam minister Parimal Suklabaidya, Congress's Surya Kanta Sarkar and AITC's Radheyshyam Biswas, a former AIUDF MP from neighbouring Karimganj. In Karimganj, a close contest is expected between BJP's sitting MP Kripanath Malla, Congress candidate Hafiz Ahmed Rashid Choudhury and AIUDF's Sahabul

Taking learnings from India, replicating them globally: Amazon Prime head

Ghani says that the firm is making investments in infrastructure and last-mile capabilities to improve delivery speeds

Lok Sabha elections: Assam's Dibrugarh welcomes infra push but awaits jobs

Most of the young residents are voicing their frustration over lack of jobs, despite the rapid infrastructure growth in and around Dibrugarh

New BOT terms may revive pvt capex in highways: India Ratings and Research

Most Concerns Attended to, but Toll Estimation and Traffic Diversion from Competing Roads Pose Risk

Indian economy likely to register 8-8.3% growth in FY25, says PHDCCI

India's economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said on Wednesday. The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a USD 34.7 trillion economy by 2047, with a per capita income of USD 21,000, it added. "We are projecting a growth rate of 8 to 8.3 per cent for India's economy for the current financial year," PHDCCI Chief Economist SP Sharma said. Addressing a press conference, he said India's economy has robust growth fundamentals. "Gradually after 2035, the growth rate will start decelerating from the peak, and on an average, our growth rate, the real GDP (gross domestic product), will be 6.7 per cent overall in the next 23 years," Sharma noted. India's economy will attain the size of USD 34.7 trillion by 2047 with a per capita income of USD 21,000, the industry body said. The chamber has suggested 10 key enablers for the country to become a developed economy by 2047 in a report. It has

India leads use of hybrid multi-cloud with 44% of companies using it: Study

Focus on cloud-smart deployments: 99% of IT professionals in India are focused on taking a "cloud-smart" approach to their infrastructure strategy

Continued growth hinges on big-ticket reforms: CII President R Dinesh

Dinesh said that it was imperative for the Indian industry to invest given high capacity utilisation and its resilience

Road ministry capex utilisation in FY24 closes at record high 99.93%

As against the budgetary outlay of Rs 2.645 trillion in FY24, the road ministry has spent Rs 2.643 trillion. By including private investments, the capex goes up to Rs 3.01 trillion

Israel Defense Forces discover, demolish 900-mtr-long tunnel in Khan Yunis

Inside the tunnel, in the city's Al Amal neighbourhood, soldiers discovered large quantities of weapons and areas for Hamas operatives to rest

NHAI executed capex for FY24 increases by 20% to Rs 2.07 trillion

The highway authority has constructed 6,644 km stretch, exceeding its FY24 construction target, according to an official