Page 23 - Infrastructure

Odisha CM approves 12 key projects with investment of Rs 84,918 crore

Odisha Chief Minister Naveen Patnaik has approved 12 key projects with a cumulative investment intent of Rs 84,918.75 crore. These projects will create employment opportunities for 42,281 people across various sectors, an official said. The investment proposals in apparel and textiles, green hydrogen and green ammonia, steel, power and renewable energy, chemical and petrochemical downstream sectors were approved at the High-Level Clearance Authority (HLCA) meeting chaired by the chief minister on Friday, the official said. These projects will be located across the state in the districts of Cuttack, Dhenkanal, Ganjam, Jajpur, Jharsuguda, Kendrapada, Malkangiri, Rayagada, Sambalpur and Sundargarh. In the apparel and textiles sector, Welspun Living Limited received the nod of the HLCA to establish an integrated textile and logistics facility at Choudwar in Cuttack district, with an investment of Rs 3,050 crore. The project has the potential to create employment for 20,210 people, an .

Uttarakhand tunnel incident spotlights safety in existing, future projects

Engineering companies expect the incident to spotlight safety as a major aspect in future tunnel projects in India

Odisha govt's nod for 8 investment projects worth over Rs 1,397 crore

The Odisha government has approved eight projects with a total investment proposal of over Rs 1,397 crore in six districts, a statement said. These projects will generate employment opportunities for 2,860 people in the state. The State Level Single Window Clearance Authority on Friday gave its nod to eight proposals with a total investment of Rs 1397.18 crore, the statement said. The government has green-lighted the proposal of Sintex BAPL Ltd to set up a plastic pipes and tank manufacturing unit in Sambalpur district with an investment of Rs 479.47 crore. Hindalco Industries Ltd's plan to invest Rs 241.05 crore to build a white-fused alumina manufacturing unit in the same district got a go-ahead from the administration. The authority gave its nod to the proposal of HIL India to invest Rs 250 crore to set up a pipe manufacturing unit in Balasore. The state government also approved the proposals of Mega Flex Plastics Ltd (Rs 62.38 crore), Sandhu Tubes Pvt Ltd (Rs 99.54 crore), KA

IPEF member countries conclude negotiations for two more pillars

Under the proposed Agreement, the IPEF partners also would establish a new CBF to enhance each other's capabilities to effectively implement all aspects of the proposed Agreement

Only 26% of organisations in India are prepared to deploy AI: Cisco Study

Ninety-five per cent of businesses globally are aware that AI will increase infrastructure workloads

U'khand tunnel collapse: 'American Auger' to be used to save 40 trapped

Drilling to create a passage for 40 workers trapped in an under-construction tunnel that collapsed four days back will resume soon with a new heavy machine, which was flown in from Delhi, officials said here. The 'American auger' machine was airlifted in parts by three IAF transport aircraft on Wednesday to replace the "failed" equipment which was being used earlier to create the passage. These were then brought from the Uttarakhand's Chinyalisaur airport, over 30 kilometres from the Silkyara tunnel on the Char Dham route, and assembled at the site. Installation of the heavy equipment is almost complete and drilling will resume soon, the officials said. The process of installing the new machine began at 11 pm on Wednesday. The labourers are safe, and oxygen, electricity, medicines, food items and water are being constantly supplied to them through pipes, they said. "Ninety-five per cent of installation work is complete," Navayuga Engineering Company Public Relations Officer G L Nat

Centre gave Rs 571 cr for infra in tribal villages in Gujarat: CM Patel

Gujarat Chief Minister Bhupendra Patel on Wednesday said the state has so far received Rs 571 crore from the Union government for providing basic infrastructure in tribal-dominated villages under the Pradhan Mantri Adi Adarsh Gram Yojana. He was speaking at a gathering in Ambaji town of tribal- dominated Danta taluka in Banaskantha district on the occasion of Janjatiya Gaurav Diwas and launch of the 'Viksit Bharat Sankalp Yatra'. "The Centre under Prime Minister Narendra Modi has allotted Rs 571 crore for developing basic infrastructure in 2,803 tribal-dominated villages of Gujarat under the Pradhan Mantri Adi Adarsh Gram Yojana," Patel said. To strengthen healthcare facilities in tribal areas, the state government recently approved the setting up of medical colleges in Dahod, Valsad, Banaskantha and Navsari districts, the chief minister noted. "Prime minister Modi has shown the path for the welfare and development of tribals living in the areas ranging from Ambaji to Umargam, from

PM Modi unveils projects worth around Rs 7,200 crore for Jharkhand

Prime Minister Narendra Modi on Wednesday unveiled projects worth around Rs 7,200 crore for Jharkhand including rail, road, education, coal, petroleum and natural gas here. The projects inaugurated include the new campus of IIM-Ranchi, a new hostel of IIT-ISM Dhanbad, Petroleum Oil and Lubricants (POL) depot in Bokaro, doubling of railway tracks in the Hatia-Pakra, Talgaria-Bokaro and Jarangdih-Patratu sections. The projects for which foundations will be laid include the four-laning of the 52-km stretch of the Mahagama-Hansdiha section of NH-133, four-laning of the 45-km stretch of Basukinath-Deoghar section of NH-114 A, KDH-Purnadih Coal Handling Plant and a new academic and administrative building of IIIT-Ranchi.

Why the public charging infra needs to catch up with the rise of EVs

According to data from OMI Found­at­ion's EV dashboard, India has 10,185 charg­ing stations comprising 17,094 charging points

CESC net profit rises to Rs 363 crore in Sep qtr on higher revenues

CESC Ltd on Wednesday posted a nearly 14 per cent rise in its consolidated net profit to Rs 363 crore in the September quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 319 crore in the quarter ended September last year, according to a regulatory filing. Total income of the company rose to Rs 4,414 crore in the quarter from Rs 3,977 crore in the same period a year ago. The company's board of directors has also considered exploring the possibilities of substantial investments in renewable energy generation space (up to 3 gigawatt) through its subsidiaries in more than one state in India to increase the company's renewable footprint and partially meet the renewables purchase obligations of its distribution business, the filing said.

Shree Cement beats profit view in Jul-Sep quarter on strong infra demand

According to a Jefferies' pre-earning note, cement prices during the quarter increased ~0.5-1% at the all-India level, with the rates rising the most in the country's eastern region

Mizoram to go for polls tomorrow; Mizo 'identity', infra key issues

The main contest in the state, with almost all its seats reserved for STs, is between the ruling MNF, Congress, and Zoram People's Movement with the BJP keen to emerge as "king maker"

Utility Sempra reports Q3 profit beat on infrastructure unit strength

The segment got a boost from increasing global interest in lower emissions fuels

India becoming favoured destination for FDI in infrastructure sector: Govt

Financial Services Secretary Vivek Joshi has said that India is becoming a favoured destination for Foreign Direct Investment (FDI) in the infrastructure sector as government has taken many supportive measures. Speaking at an event organised by the India Infrastructure Finance Company Ltd (IIFCL) in London, Joshi said flagship initiatives like the National Infrastructure Pipeline, Gati Shakti, Sagarmala, Bharatmala, UDAN and Maritime India Vision 2030, among others, have created a lot of opportunities in the infrastructure sector. The event, organised by IIFCL on October 30, saw participation of investors and other stakeholders from India and the UK. They also discussed potential avenues of investment in India's rapidly growing infrastructure sector. IIFCL Managing Director P R Jaishankar said the company is driving the government' goals for a robust all-round infrastructure development in the country covering all sub-sectors, including road, railways, energy (including renewable ..

PM Gati Shakti: 4 projects worth Rs 23,500 crore recommended for approval

Four infrastructure projects of roads and railways worth Rs 23,500 crore have been recommended for approval under the PM Gati Shakti initiative. These projects were assessed in the 58th Network Planning Group (NPG) meeting on October 17. "Road and railway projects for multimodal connectivity with project cost of more than Rs 23,500 crore were discussed in the NPG," the commerce and industry ministry said in a statement on Wednesday. The meeting was chaired by Special Secretary (Logistics), Department for Promotion of Industry and Internal Trade (DPIIT), Sumita Dawra. She requested the ministries to incorporate the area development planning approach in project planning and have the interactions with states, which should ensure identification of infrastructural gaps and promote integrated planning. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project

France announces 100 mn euro loan to support India's Smart Cities Mission

The loan supports India's innovative flagship Smart Cities Mission and builds on the CITIIS 1 programme, also supported by the European Union

Odisha CM Patnaik unveils projects worth Rs 1,200 crore in Kalahandi

Asserting that Kalahandi was the "transformation model" of Odisha, Chief Minister Naveen Patnaik Wednesday unveiled projects worth Rs 1,200 crore in the district. Patnaik inaugurated projects worth Rs 300 crore, which included the Saheed Rendo Majhi Medical College and Hospital and an affordable bus service that will connect the villages to block headquarters. He also laid the foundation stones for projects worth Rs 900 crore. "Kalahandi is our model. From education, health, communication and industry to agriculture, all the sectors have seen positive development, fulfilling the dreams of the people. Kalahandi has changed its history, and added new success stories. Kalahandi is providing rice to the whole country today," the chief minister said. He said that in Kalahandi, 63 buses will run under under the Location Accessible Multimodal Initiative (LAccMI), connecting villages to the block headquarters. Patnaik took a bus ride to Balrampur from the meeting venue in the Kalahandi ...

Core sector output slows to a four-month low of 8.1% in September

Experts say pickup in rainfall expectedly flattened the core sector expansion

Key infra sector growth slows down to 4-month low of 8.1% in September

The growth of eight key infrastructure sectors slowed down to 8.1 per cent in September 2023 against 8.3 per cent recorded a year ago, according to the official data released on Tuesday. Crude oil output dipped by 0.4 per cent in September as against a contraction of 2.3 per cent in the same month last year. The core sector growth in August was 12.5 per cent. The output growth of the eight sectors was also lower at 7.8 per cent in April-September 2023-24 against 9.8 per cent in the year-ago period.

PNC Infratech Q2 results: Net profit rises 11.9% to Rs 147.90 crore

PNC Infratech on Tuesday reported an 11.9 per cent increase in consolidated net profit at Rs 147.90 crore for the quarter ended September 30, 2023. The company had posted consolidated net profit (from continuing operations) of Rs 132.12 crore in the corresponding quarter of the previous financial year. The consolidated income of the company during the July-September period increased to Rs 1,932.35 crore, over Rs 1,819.15 crore in the year-ago period, PNC Infratech said in a regulatory filing. PNC Infratech is a domestic infrastructure company engaged in the execution of projects in core infrastructure sectors including expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development and other infrastructure activities.