Page 39 - Infrastructure

450 infrastructure projects show cost overruns of Rs 4.28 trillion: Report

Of the 1,687 such projects, 450 reported cost overruns and 558 were delayed

IRB Infra net profit declines 56% to Rs 69 cr in December quarter

IRB Infrastructure Developers' profit declined to to Rs 69.48 crore

NIP expanded to 465 more projects despite Covid, taking total to 7,300

At infra spend review meet undertaken by FM, It was disclosed that many ministries and depts have shown substantial progress in project implementation and expenditure in Q2FY21

FM reviews progress of projects under national infrastructure pipeline

Finance Minister Nirmala Sitharaman reviewed the progress of projects worth Rs 3.6 trn under the national infrastructure pipeline

Infra may get Atmanirbhar nudge in Budget as govt looks to spur growth

Any significant increase beyond 10 per cent year-on-year (YoY) may be difficult over the next three to four years, given the limited fiscal space

Lords Hospital to invest Rs 100 crore to add 200 beds, develop infra

The hospital's medical facilities, protocols and emergency services will provide patients with the highest standards of medical excellence for improved outcome in the post-covid future

RInfra completes sale of DA Toll Road to Cube Highways at EV of Rs 3,600 cr

Sale helps RInfra reduce its total debt liabilities by 20%

US financial body to invest $54 mn in India to support infra projects

An American financial corporation has announced to invest USD 54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic

Only two of six bids for Reliance Home Finance are compliant and binding

The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non-compliant bidders

Budget will focus on infra to revive economic growth: FM Sitharaman

Recognising that this is an unusual year, borrowing has been kept at levels so that the government can quickly put the money back in projects, Sitharman said

Need DFIs for push to infrastructure sector in long term, says SBI MD

There is a need for a development finance institution for funding long-term needs of the infrastructure sector, State Bank of India Managing Director Ashwani Bhatia said on Saturday

India to see $66 bn investment in gas infrastructure, says Pradhan

LNG import terminals and capacity additions are planned on both east and west coast.

Nettle Infra buys 4.94% stake in Bharti Infratel for Rs 2,882 crore

Bharti Airtel on Wednesday said its subsidiary Nettle Infrastructure Investments has acquired an additional 4.94 per cent stake in Bharti Infratel for Rs 2,882.32 crore.

Core sector shrinks eighth month in row, sharper sequentially in October

Contraction due to decline in production of crude oil, natural gas, refinery products and steel

Govt to infuse Rs 2,000 cr in NIIF debt fund in FY21 for infra development

Union Cabinet approves Rs 6,000-cr fund over two years; this year's allocation to come if there is demand

Govt plans to set up charging infrastructure across 69K petrol pumps

The government is planning to set up at least one e-charging kiosk at around 69,000 petrol pumps with an aim to accelerate the uptake of electric vehicles, Union minister Nitin Gadkari said

FM Sitharaman gives infrastructure sector Rs 16,200-crore liquidity shot

Apart from that, Rs 10,200 crore will be given as direct support for infrastructure creation

Economic stimulus measures to help accelerate economic activity: SIAM

The industry body said it appreciates the proactive role being played by the government

IL&FS Engineering net loss widens to Rs 73 crore in September quarter

IL&FS Engineering on Wednesday reported widening of consolidated net loss to Rs 73.16 crore in the quarter ended September. The engineering arm of the troubled IL&FS Group had reported a total consolidated net loss after exceptional items and tax at Rs 56.64 crore for the corresponding quarter of the previous fiscal, the company said in a BSE filing. Its total consolidated income from operations for the quarter under review stood at Rs 77.65 crore as against Rs 144.03 crore in the corresponding quarter a year ago. The company's expenses during the September quarter were Rs 103.23 crore as against Rs 141.57 crore in the year-ago period.

State govt-funded infra capex expected to remain weak in near term: ICRA

As per ICRA estimates, major states together had a budgeted capital outlay of over Rs 5.7 trillion for FY2021 as against revised estimates (RE) of Rs 5.1 trillion in FY2020