Page 24 - Infrastructure

PM Modi to launch projects worth Rs 6,100 cr in Telangana tomorrow

Prime Minister Narendra Modi will lay the foundation stone for several crucial infrastructure development projects worth around Rs 6,100 crore in Warangal on Saturday, according to official sources. Modi would visit the famous Bhadrakali temple in the district before attending the events and would also address a public meeting, they said. This would be Modi's third visit this year to the poll-bound state. He earlier visited Telangana in January and April. Newly appointed state BJP president and Union Minister G Kishan Reddy along with senior leaders left for Warangal today to oversee the arrangements for the Prime Minister's programmes, party sources said. As part of the programme, the Prime Minister will also lay the foundation stone of the railway wagon manufacturing unit, Kazipet to be developed at a cost of over Rs 500 crore. The modern manufacturing unit will have enhanced wagon manufacturing capacity. It will help in local employment generation and development of ancillary un

Steel demand to grow on supportive policy reforms: Tata Steel Chairman

The demand for steel in the country is expected to grow owing to infrastructure development, rapid urbanisation, and supportive policy reforms, Tata Steel Chairman N Chandrasekaran said on Wednesday. Speaking at the company's 116th annual general meeting, he said that domestic steel consumption rose 10 per cent year-on-year (y-o-y) to 117 M in FY23. The steel industry was also impacted by the volatility in the global environment, which affected the steel demand-supply balance and resulted in volatility in steel prices. However, India appears to be an exception in the global steel arena, primarily owing to robust government spending and vibrant consumption, he said. "India's steel consumption grew by over 10 per cent y-o-y to 117 MT (Million Tonnes) in FY23. "India will continue to remain a major consumer within the global steel industry owing to infrastructure development, rapid urbanisation, and supportive policy reforms. We expect the steel demand growth to keep pace with the GD

Third G20 infra working group meet focuses on 'creating liveable cities'

A "high-level seminar on creating liveable cities", organised by the Indian presidency and Asian Infrastructure Investment Bank, complemented the meeting

At 23% spend, Andhra Pradesh leads laggards in state capex in FY23

Most large states have fallen behind their budgeted capex targets by a wide margin in FY23, which was pegged at Rs 7.4 lakh crore but could spend only Rs 5.71 lakh crore or 76.2 per cent only, according to an analysis. Only four states -- Karnataka, Sikkim, Arunachal and Bihar -- have over-achieved their targets, while Jharkhand and Madhya Pradesh's capex spending stood at 98 per cent each. Eleven states fared better with 80 per cent target achievements, as per the analysis by Bank of Baroda economists. As against this, in FY21, the underachievement level was a high 72 per cent, primarily due to the pandemic emergency spending, and had improved to 95 per cent in FY22. Surprisingly, none of the 25 states whose data are available has been able to achieve the target by even three-fourths as the peak success rate is only 72.4 per cent, according to the analysis. This is surprising as the Centre had disbursed the required amounts for the year. The poor show was led by Andhra, which cou

Kotak Mahindra Bank raises Rs 1,895 crore through infrastructure bonds

Gets bids worth Rs 3,605 cr

GatiShakti must be leveraged to benefit sectors beyond infra: Piyush Goyal

He highlighted that the area development approach under PM GatiShakti can be used for engaging with aspirational districts of NITI Aayog

Nine years of gati, pragati: PM hails govt works in infrastructure sector

Prime Minister Narendra Modi on Thursday said his government in the last nine years has nurtured the roots of growth and development in India, shaping an infrastructure landscape that is unparalleled. He said every sector has witnessed swift advancement, setting the stage for a developed India. The prime minister's remarks on Twitter with the hashtag '9YearsOfGatiAndPragati' come amidst the BJP organising various programmes across the country as part of a mega public outreach to mark nine years of the Modi government. "In #9YearsOfGatiAndPragati, we nurtured the roots of growth and development in India, shaping an infrastructure landscape that is unparalleled. Every sector has witnessed swift advancement, setting the stage for a developed India," Modi said in a tweet. The prime minister also shared write-ups on his government's achievements in the infrastructure sector.

Infrastructure Finance Secretariat launches new website for investments

The Infrastructure Finance Secretariat (IFS) under the Finance Ministry has launched a revamped website to attract private investment in the infra sector. As part of this endeavour, the IFS has revamped its website (www.pppinindia.gov.in) for its enhanced value to the stakeholders involved in PPP projects, the Finance Ministry said in a statement on Wednesday. The website is dedicated to promoting and facilitating public-private partnerships (PPPs) in India and helping in bridging the gap between the public and private sectors, it said, adding it serves as a digital platform that brings together government entities, private companies, investors and entrepreneurs fostering collaboration and innovation for sustainable growth. The IFS, in its endeavour to usher in private investment in infrastructure, is constantly introducing interventions to set up an enabling ecosystem for infrastructure development and delivery, it said. To promote the Digital India initiative, the IFS has launche

Indian cos look at $176 bn investment in Africa's infra development: Afcons

Indian infrastructure firms are looking at an annual investment of USD 130-176 billion in Africa for infrastructure development, Afcons Managing Director S Paramasivan said on Wednesday. Addressing the 18th CII-EXIM Bank Conclave on India-Africa Growth Partnership, Paramasivan pointed out that there is a funding deficit to the tune of USD 60-160 billion on infrastructure development in Africa, and there is scope for further investment in multiple areas. "Most of us failed to notice, last one decade practically Africa had consistently had an investment of an average of USD 80 billion per year, which I rate as very very significant," he noted. He pointed out that nearly 47 per cent of investments in infrastructure happened between South and East Africa, while about 44 per cent of investments were in East and West Africa. About eight per cent of investments were done in Central Africa, he added. "If you look at sectoral distribution (of investments), energy comes on the top. Next com

India, Bangladesh to initiate 5 development projects for border population

The border guarding forces of India and Bangladesh have taken a "momentous" decision to initiate joint civil works on five development projects along the 4,096 kms of shared boundary which will help the local population on both sides, a senior officer said Wednesday. At the end of their four-day biannual border talks conference that began on July 11 in Delhi, the Border Security Force (BSF) and the Border Guard Bangladesh (BGB) also said they are working independently and jointly to "reduce" the instances of killing of Bangladeshi nationals in the boundary area. The issue of these killings, which the BSF has linked to miscreants and smugglers either attacking its personnel or indulge in other cross-border crimes, has been a major irritant between the two neighbours. The 53rd edition of the conference was led by the chiefs or directors general (DsG) of the BSF and the BGB and ended with the signing of a 'joint record of discussions' at a BSF camp located in Chhawla area of the nation

Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement

Housing, infra push to raise demand for cement, according to MD and CEO Puneet Dalmia

How Digital Public Infrastructure can help in women-led development

It offers an opportunity of using technology to provide credit to deprived communities

Record use of Rs 800 cr for rural infra projects by NABARD: Punjab FM

Punjab Finance Minister Harpal Singh Cheema on Thursday said the state has "drastically" improved its performance, registering a record utilisation of Rs 800 crore funds in FY23 for the rural infrastructure development projects assisted by NABARD. He was chairing a meeting to review the National Bank for Agriculture and Rural Development (NABARD) assisted projects, a state government release said. The minister lauded the role of the finance department and NABARD in smooth implementation enabling high utilisation for the ongoing projects. He also thanked NABARD for sanctioning new projects worth Rs 919 crore, the highest so far for Punjab. The minister urged the NABARD team to enhance the allocation of the state to Rs 1,500 crore for new projects in 2023-24 for improving the rural infrastructure. Cheema also focused on the need to give priority to all the sectors for funding projects this year, including roads and bridges, irrigation, drinking water and sanitation, and renewal energ

India train crash shows importance of getting infrastructure basics right

It's far better to think small than to think big. Working on the plumbing is less glitzy than building a fancy facade, but it can be far more rewarding in the long run

Missing in action: Dearth of domestic infra finance in energy sector

The resources of state-owned entities are too puny for the enormous requirements, especially in renewable energy

Key infrastructure sector growth slows down to 6-month low of 3.5% in April

The production growth of eight key infrastructure sectors slowed down to a six-month low of 3.5 per cent in April 2023 due to a decline in the output of crude oil, natural gas, refinery products and electricity. The core sector growth was 9.5 per cent in April 2022 while in March 2023 the key infra sectors recorded a growth rate of 3.6 per cent. The growth rate in April 2023 is the lowest since October 2022 when the sectors expanded by 0.7 per cent. Coal production growth declined to 9 per cent in April this year, according to the official data released on Wednesday. Fertiliser production soared by 23.5 per cent, steel by 12.1 per cent and cement output by 11.6 per cent in April, the data showed.

Gadkari stresses on importance of DPRs to minimise delays, reduce cost

Union Minister Nitin Gadkari on Tuesday emphasised the importance of accurate preparation of detailed project report (DPR) to minimise project delays, reduce cost of construction, and implement proper road alignment, according to an official statement. The road transport and highways minister chaired a meeting with NHAI officials in New Delhi and discussed various aspects of National Highway development. "The meeting encompassed discussions on enhancing work efficiency, resolving obstacles and adopting innovative technology," the statement said. Gadkari also launched two Mobile Apps focusing on enhancing efficiency and providing ease of commuting' on the National Highways. The mobile applications inaugurated included RajmargYatra', a citizen centric Mobile Application with in-built complaint redressal system and NHAI One', mobile app to facilitate most of the crucial onsite requirements in execution of National Highway Projects, the statement said. Stressing on providing ...

Twin-tunnel done, Mumbai Coastal Road races to completion in Nov

With this, the total project progress is given as 75 per cent including 100 per cent tunnel works done, 95 per cent reclamation completed and 84 per cent of the sea-walls built

Every decision guided by desire to improve lives of people: PM on 9 years

BJP plans to celebrate the 9 years of Modi govt with a month long campaign from Tuesday, PM is scheduled to address a rally in Ajmer in Rajasthan on Wednesday

Tata Realty with Tabreed to install cooling infra at commercial complex

Tata Realty on Monday said it has partnered with Tabreed to install cooling infrastructure at its commercial complex in Gurugram, Haryana. Tabreed, a leading global cooling utility player, has signed an agreement with Tata Realty to implement its first Cooling as a Service (CaaS) project in India. This will be implemented in Tata Realty's Intellion Park project, a 3.5-million square feet IT SEZ development in Gurugram. According to a statement, Tabreed will acquire Intellion Park's existing cooling infrastructure and undertake greenfield expansion to increase cooling capacity. Tabreed will invest up to Rs 100 crore in its first project to provide cooling services for a 30-year concession period, a company statement said. "Moving away from the regular market practice wherein real estate developers own and operate their cooling assets through facility management arrangements,...Tabreed will provide long-term, SLA-based cooling services to Intellion Park with well-defined parameters