Page 25 - Infrastructure

Class action: Sameness of interest is a given

The builder contended there was no sameness of interest: some buyers had accepted compensation, others had protested and accepted, and yet others had refused it outright

Govt committed to boost tourism, infrastructure development: Nitin Gadkari

Gadkari further announced plans for the Sky Bus service, connecting Dhaula Kuan in Delhi to Gurugram in Haryana, which will alleviate traffic congestion for the commuters

Amazon to invest $12.7 billion in India cloud infrastructure by 2030

Amazon.com Inc. plans to invest $12.7 billion in cloud infrastructure in India by 2030, joining other global tech giants in betting on growth in the South Asian nation's digital economy

'Stocks of new-age businesses could prove to be the dark horses in H2-FY24'

In an exclusive conversation, Jaspreet Singh Arora, CIO, Research & Ranking, shares his views on markets, sectoral outlook, themes to bet on in FY24, and more

APSEZ cargo handling up 9% in FY23, customs receipts rise 96% in 2 yrs

India's largest transport utility will spend Rs 850 cr over time to upgrade port infrastructure

Jaiprakash Associates defaults on $508 mn loan repayment due on Mar 31

The flagship company of the infrastructure-focused Jaypee Group has borrowings of Rs 29,396 crore, which are due for repayment by 2037, it said

India, Germany sign agreement on setting up quality infrastructure

Two sides to reduce technical barriers to trade and promote innovation and consumer protection

FinMin tasks World Bank with examining financing in infrastructure sectors

Behind the push for increased private sector participation in these sectors is the fact that the share of the private sector declined from 37 per cent in FY08 to 25 per cent in FY19

Nokia partners with Lightstorm to upgrade digital infrastructure in India

Nokia will supply the latest WDM optical network solutions for Lightstorm's network expansion into the eastern and northern regions

Projects worth Rs 5.14 trillion approved by NPG under PM Gati Shakti

Dawra said that states are also planning their infrastructure on the PM Gati Shakti Master Plan and the state master plan

Govt to audit roads, buildings to ensure no cost-escalation: CM Sukhu

The Himachal Pradesh government has decided to conduct a construction audit of roads and buildings to ensure there is no cost escalation after administrative approvals, Chief Minister Sukhvinder Singh Sukhu said during Question Hour on Thursday. An enormous increase has been witnessed in the cost of construction of roads and buildings during the past five years and a construction audit would help arrest such cost-escalation, he said in the Assembly. Sukhu added that the state was passing through a financial crisis and accused the previous BJP government of opening institutions indiscriminately during the election year. "It would have been better if the previous BJP government had provided sufficient funds for the Mandi Degree College instead of opening more colleges," he added. Replying to a question from Anil Sharma of the BJP, Public Works Minister Vikramaditya Singh said the construction of buildings of Mandi Degree College would be completed during this year. He added there ha

HLL Infra Tech Services reports 58% jump in profit to Rs 27.76 cr in FY23

HLL Infra Tech Services Ltd (HITES) has reported a 58 per cent jump in net profit to Rs 27.76 crore in 2022-23 compared to Rs 17.6 crore in FY22 on higher revenue from the infrastructure division, the Health Ministry said on Thursday. The total turnover of the central public sector undertaking under the Health Ministry jumped by 19 per cent to Rs 361.38 crores in 2022-23 against Rs 303.40 crores in 2021-22. These significantly positive results were achieved largely due to the infrastructure development business which saw the completion of the new All India Institute of Medical Sciences (AIIMS) at Bhatinda, Gorakhpur and Guwahati and upgradation of multiple projects during the last fiscal year, the ministry said in a statement. HLL Lifecare Limited (HLL) is a 50-year-old CPSE under the Ministry of Health and Family Welfare, the statement said. With the objective to specifically focus on the Construction and Procurement business in the healthcare sector, HITES was raised on 3rd April

India has built a world-class digital public infrastructure, says IMF

The IMF paper said that a set of enabling policies in the financial and telecommunications sector also supported the uptake of India Stack

Core sector output slows to 3-month low of 6% in Feb, crude production dips

Six of eight key infrastructure industries report sequential deceleration

Capital expenditure of states shows improvement as year comes to a close

The biggest improvement year-on-year (YoY) has been by Uttar Pradesh, Maharashtra, Gujarat, and Karnataka

Improving school infrastructure top priority of Delhi government: Atishi

Delhi Education Minister Atishi on Friday asserted that improving school infrastructure is a top priority for the Kejriwal government, adding that creating a favourable learning atmosphere is crucial to overall development of children. The education minister inspected an under-construction school in Sangam Vihar on Friday, Delhi government officials informed. This magnificent school with 88 classrooms is being constructed by the Kejriwal government to address the educational needs of thousands of children in the area, the government said in a statement. During her visit, Education Minister Atishi directed the officials to follow the checklist strictly and complete the construction work of the school by June, so that classes can begin there in July. The new four-storey school in Sangam Vihar has been divided into three blocks that have 88 classrooms in total along with facilities of state-of-the-art labs, libraries, staff rooms, a principal office and a playground. Along with these

5,642 warehouse projects completed under WIF scheme so far, says Govt

Around 5,642 warehousing projects have been completed under the Warehouse Infrastructure Fund (WIF) scheme so far, Parliament was informed on Friday. Under the Warehouse Infrastructure Fund (WIF) scheme, under the Ministry of Finance, about Rs 9,393.68 crore funds have been sanctioned till December 2022 for establishment of 7,953 warehouse projects spread across 21 states, Agriculture Minister Narendra Singh Tomar said in a written reply to the Rajya Sabha. The estimated storage capacity on completion of these projects will be 9.32 million tonnes, he said. Out of which, the cumulative disbursement of WIF loan till December 2022 was Rs 8,357 crore, as against the sanctions. "As on date, 5,642 projects have been completed," the Minister said. Apart from the WIF scheme, Tomar said the Agriculture Infrastructure Fund (AIF) scheme of the Ministry of Agriculture facilitates medium-long-term debt financing for investment in viable projects relating to post-harvest management infrastructur

Govt took steps for building academic institutions infra: Jitendra Singh

Union Minister Jitendra Singh on Thursday said the Government of India has taken several steps for building research infrastructure in our academic and research institutions.In a written reply to a question in Rajya Sabha today, Jitendra Singh said that a significant enabling policy framework has been put in place for promoting research in the country. Some of the targeted Programmes include: Fund for Improvement of S & T Infrastructure (FIST) in University departments and Higher Educational Institutions; Promotion of University Research and Scientific Excellence (PURSE) for pro-actively support for strengthening the R & D base of the performing Universities; Sophisticated Analytical Instrument Facilities (SAIF) to provide the facilities of sophisticated analytical instruments to the researchers in general and specially from the institutions which do not have access to such instruments to pursue R & D activities.The Minister added that these facilities provide adequate ...

Network Planning Group under PM Gati Shakti prog approves 6 infra projects

The Network Planning Group (NPG) under the PM Gati Shakti initiative has approved six infrastructure projects related to renewable energy, road and railways, an official statement said on Wednesday. On October 13 last year, the PM Gati Shakti - National Master Plan was launched with an aim to develop integrated infrastructure to reduce logistics costs. All logistics and connectivity infrastructure projects, entailing an investment of over Rs 500 crore, are routed through the NPG. "The NPG under PM Gati Shakti at its 45th session examined and recommended 6 Infrastructure projects," the commerce and industry ministry said, adding that these projects will be developed in tandem with the PM Gati Shakti principles using the integrated and holistic approach. One of the projects include an inter-state transmission system for renewable energy projects in Ladakh; Kanpur Anwarganj - Mandhana elevated railway track; doubling of Ajmer - Chittaurgarh railway line of 178.28 km and construction o

Parl panel flags poor fund usage by PM-Ayushman Bharat Health Infra Mission

The PM-Ayushman Bharat Health infrastructure Mission (PM-ABHIM) has turned out to be a major laggard in the financial year 2022-23 based on the expenditure of the fund allocated to the scheme, a parliamentary committee has observed. In its 144th report tabled in the Lok Sabha on Monday, the Department Related Parliamentary Standing Committee on Health and Family Welfare highlighted that the department has been able to utilise just about 20 per cent of its budget estimates allocation. It said 2021-22 is the second year of the implementation of the PM-ABHIM scheme. "Considering that the scheme has a fixed timeline for completion, the committee is surprised that the activities under the scheme have not moved beyond nascent stages of implementation," the report said. The committee in its report stated that the scheme was allocated Rs 690.00 crore in budget estimates 2022-23, which was reduced to Rs 378.27 crore in the revised estimated 2023-24. Again out of this reduced budget, the ..