Page 4 - Infrastructure

Leadership reshuffle: Shapoor Mistry steps down as Afcons chairman

After more than 13 years as Afcons Chairman, Shapoorji Mistry steps down to become Chairman Emeritus while his son Pallon Mistry joins the board, marking a generational transition

Navi Mumbai to emerge as MMR's next prime office destination: Report

Cushman & Wakefield report highlights Navi Mumbai's cost advantage, 87 per cent office occupancy, and new infra projects including the upcoming international airport by 2025

Revenue of large, diversified EPC companies to grow 9-11% in FY26: Crisil

Crisil said revenue growth of EPC companies will be supported by robust order books, higher infrastructure spending and improved order mix, with margins set to expand

Reliance Infra to monetise Pune-Satara toll road asset at EV of ₹2,000 cr

Reliance Infrastructure plans to monetise its Pune-Satara Toll Road project at an enterprise value of ₹2,000 crore, with Cube Highways set to acquire the asset

BS Infrastructure Summit highlights: Average container dwell time improved to 3 days, says minister

BS Infrastructure Summit 2025 highlights: Stay tuned as Business Standard delivers live updates and expert commentary from the event

All roads lead to first Business Standard Infrastructure Summit today

The day-long event will range from funding models for Viksit Bharat to the future of energy, aviation, and logistics

Core sector growth falls to 2% in July against 6.3% in same month last year

Eight infrastructure sectors' growth slowed down to 2 per cent in July 2025 from 6.3 per cent in the same month last year, according to official data released on Wednesday. The core sector's output growth was 2.2 per cent in the previous month of June. The production growth was dragged by five key sectors of coal, crude oil, natural gas, and refinery products, which recorded a decline in output in July. In April-July of this fiscal year, the eight infrastructure sectors expanded by 1.6 per cent, compared to 6.3 per cent during the same period last year.

Shaping the Urban Challenge Fund: Seven steps to strengthen delivery

Making cities engines of growth will take more than money. Here are seven steps to strengthen the delivery of the Budget's Urban Challenge Fund

Authum Investment & Infra promoter divests 2.7% stake for ₹1,165 cr

Mentor Capital, one of the promoters of Authum Investment & Infrastructure Ltd, on Thursday pared a 2.7 per cent stake in the NBFC firm for Rs 1,165 crore through open market transactions. Capital markets veteran Sanjay Dangi and his wife, Alpana Dangi, control Mentor Capital. According to the bulk deal data on the BSE, Mentor Capital offloaded 46.61 lakh shares, representing a 2.74 per cent stake in Mumbai-based Authum Investment & Infrastructure Ltd (AIIL). The shares were disposed of at an average price of Rs 2,500.58 apiece, taking the transaction value to Rs 1,165.60 crore. Meanwhile, US-based Fidelity International through its affiliate bought 27.41 lakh shares or 1.61 per cent stake in AIIL for Rs 685 crore through an open market transaction. The shares were picked up at an average price of Rs 2,500 apiece. Details of the other buyers of Authum Investment & Infrastructure's shares could not be ascertained on the exchange. Shares of Authum Investment & ...

ONGC to invest ₹4,600 crore to drill 10 wells, other infra in KG Basin

The oil and gas major ONGC will be investing over Rs 4,600 crore to drill 10 development wells, to set up two unmanned platforms, to lay an offshore pipeline, and to establish an onshore gas processing facility in Konaseema District of Andhra Pradesh. Oil and Natural Gas Corporation Limited (ONGC) has approached the Ministry of Environment and Forests seeking fresh environmental clearance for the proposed project, an Experts Appraisal Committee (EAC) under the ministry said in the minutes of its meeting held on July 24. Letter of Award (LOA) for Offshore Oil and Gas Contract areas KG/OSDSF/CHANDRIKA/2021 (Chandrika) comprising an area 697 sq km and KG/OSDSF/GS49/2021 (GS49) comprising an area of 148 sq km in East coast were issued by Director General of Hydrocarbons in September 2022 under under DSF-III (Discovered Small Field-III). "Total land area required is 26.3 hectares (Odalarevu Terminal) for the proposed installation. Greenbelt will be developed in a total area of 8.7 ...

Centre sanctions ₹821 crore as special assistance to Delhi: CM Gupta

Chief Minister Rekha Gupta on Wednesday said the Central government has sanctioned Rs 821.26 crore as special assistance to accelerate the transformation of the national capital into a "developed Delhi". The chief minister said that 66 per cent of the sanctioned amount has been released as the first instalment, enabling immediate commencement of key projects. The funds will be utilised for critical public service sectors, including health, education, housing, drinking water, electricity and transport. Gupta said the Union Finance Ministry has approved the allocation under the Scheme for Special Assistance to States for Capital Investment (SASCI) 202526. Of the total amount, Rs 716 crore under Part-I has been earmarked for 33 major infrastructure projects, while an additional Rs 105.26 crore under Part-III has been sanctioned for the Priority Corridor of MRTS Phase-IV, an official statement said. Expressing her gratitude to Prime Minister Narendra Modi, Union Home Minister Amit Sha

Strong reforms to boost infra development in Maharashtra: Morgan Stanley

The state government is aiming to develop state-of-the-art infrastructure facilities in an environmentally, economically, and socially sustainable manner

India needs $2.4 trn to build climate-resilient infra by 2050: World Bank

India needs over $2.4 trillion by 2050 to meet the infrastructure needs of its urban population, which is expected to nearly double, says the World Bank in a new report

Delhi govt's new industrial policy to push improved land use, infra upgrade

Improved land use, land parcel consolidation to increase floor space availability, infra upgrade and drone survey to identify land for relocation of industries are some of the measures proposed for redevelopment of industrial areas, by the new industrial policy being firmed up by the Delhi government. A draft of Delhi Industrial Policy for the next 10 years has been put in public domain by the government for getting stakeholders' feedback on it till July 30. Delhi's Industries minister Manjinder Singh Sirsa said the new industrial policy, which is likely to be finalised in next 2-3 months, will give a new lease of life to industrial development in the city. "Under this policy, various incentives and reimbursements to greenfield projects in frontier tech services, R&D and hospitality sectors. It also paves way for redeveloping non-conforming industrial areas into conforming ones through different initiatives," he said. There is a need to redevelop industrial areas for improved ...

Vertis Infrastructure Trust raises ₹900 cr via sustainability-linked bond

The SLB is structured with predefined sustainability performance targets that link interest rates to the achievement of ESG outcomes, the InvIT claimed

₹6,800-cr order lifts Afcons Infrastructure share price 4% today; details

The uptick in the shares of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, came after the company emerged as the Lowest Bidder (L1) for a project worth approximately ₹6,800 crore.

India, Nepal ink pact for 5 projects under ₹39 crore grant assistance

India and Nepal on Monday signed an agreement to implement five "high-impact" development projects related to education and health in the Himalayan nation under an Indian grant assistance of NRs 390 million, according to an official statement. The Embassy of India and Nepal's Ministry of Federal Affairs and General Administration and Project Implementing Agencies signed Memorandums of Understanding, the Indian mission here said in a statement. The five "High Impact Community Development Projects" include the construction of various school buildings in the Madhesh and Sudurpashchim provinces. It also includes the construction of a five-bed hospital building in the Gandaki province, the press release said. The construction of these facilities will help provide better education and health facilities to the people in Nepal, it said. As close neighbours, India and Nepal share wide-ranging and multi-sectoral cooperation," said the statement, adding that the projects' implementation refle

FinMin looks to widen infrastructure plans for capital expenditure push

Experts say that, given the higher capital spending by the Centre in April-May of FY26, there is room to raise the capex target beyond the budgeted ₹11.2 trillion

CM Siddaramaiah announces ₹32.25 cr for Kabini dam restoration work

Karnataka Chief Minister Siddaramaiah on Sunday offered baagina' (a traditional offering) to the Kabini River and said Rs 32.25 crore had been approved for the dam's renovation, along with a slew of irrigation and development projects for the region. Speaking to reporters, Siddaramaiah said he offers oblations to the Kabini River every year, which irrigates over 1.13 lakh acres of agricultural land. He recalled that the dam across the river was built 51 years ago and said the government has now taken up its strengthening and modernisation. "A sum of Rs 32.25 crore has been approved for the renovation work," he said, adding that there are also plans to develop a garden similar to the iconic Brindavan Gardens near the KRS dam. Proposals have also been submitted for the modernisation of the Taraka Reservoir canal and other irrigation systems around Kabini in H D Kote taluk. Deputy Chief Minister D K Shivakumar, who was also present, said dam repair works across the state would be ...

Govt starts work on Auto Mission Plan to make India global industry leader

The government has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic road map aligned with the 'Viksit Bharat @2047' vision to establish India as a global automotive leader, focusing on innovation and sustainability, the Ministry of Heavy Industries said on Thursday. Sub-committees for AMP 2047 have held a meeting to outline objectives and framework and targets for sectoral growth, exports and industry advancement, to help increase India's share in global automotive trade. Seven sub-committees, comprising experts from government, industry, and academia, will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. "The vision for 2047 is not an aspiration but a strategic road map backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive tra