Page 40 - Infrastructure

Budget 2022: Massive capex push buoys infra, cement, steel stocks

A strong capital expenditure announced in Union Budget FY23 coupled with renewed focus on the affordable housing segment have led to a sharp jump in share prices of companies associated with infra

Budget 2022 to promote modern infrastructure in country, says Nitin Gadkari

Union Minister Nitin Gadkari on Tuesday hailed the Union Budget presented in the Parliament on Tuesday and said that this budget will promote modern infrastructure in the country."The budget presented by the Finance Minister Mrs @nsitharaman under the guidance of @narendramodi is a budget to promote modern infrastructure in the country, which will lay the foundation for a new India and improve the lives of 130 crore Indians. #AtmaNirbharBharatKaBudget," tweeted the Union Minister.Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget in Parliament today.In her address, she said that India's economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies. "The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country's strong resilience," she said."PM Gati Shakti Master Plan for Expressways to be formulated in 2022-23, to facilitate faster ...

MEIL's Drillmec to set up $200 mn oil rig manufacturing hub in Telangana

Drillmec SpA, a subsidiary of the city-based Megha Engineering and Infrastructures Limited group, will be setting up its global manufacturing hub in Telangana with an investment outlay of $200 min

Gati Shakti national master plan: States to get on board by March-end

The Department for Promotion of Industry and Internal Trade's (DPIIT) logistics division has been holding state-level conferences to explain the project

Budget 2022 may raise spending on infrastructure to boost economy

Asia's third-largest economy is estimated to expand 9.2% in the fiscal year that ends in March, following a contraction of 7.3% in the previous fiscal year

Budget 2022: India seen boosting spending on infrastructure

The Feb. 1 budget comes days before the start of elections in five states, including the most populous, Uttar Pradesh

Goyal reviews fast track implementation of infra projects via PMG portal

The PMG is an institutional mechanism to facilitate the resolution of bottlenecks in infrastructure projects

Budget wishlist: Here are the key challenges in infrastructure sector

Implementation of reforms related to corporatisation of ports needs acceleration

Budget 2022: New sectors expected to get infrastructure, industry status

The Centre might bestow infrastructure as well as industry status to new sectors to boost several pandemic hit industries in the upcoming Union Budget.

NaBFID - A "New Age" DFI

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Budget could push for private investments in public infrastructure

Budget could also announce favourable terms for companies accessing bond markets

MEIL completes 5-km tunnelling work as part of Zojila project

Infrastructure major Megha Engineering & Infrastructures Limited (MEIL) on Sunday said it has completed 5-km-long tunnelling work as part of the 18-km-long all-weather Zojila Tunnel in a record time of 14 months. The company in a statement said the project of the National Highways and Infrastructure Development Corporation Ltd (NHIDCL), being executed by the MEIL, is envisaged to ensure connectivity between Srinagar and Ladakh throughout the year without any interruptions. The Zojilla Tunnel -- Nilgrar 1, 2 & Zojila main tunnel - is being expeditiously executed, despite unfavourable weather conditions like snowfall, and blizzard at a high altitude of 3,528 metres above mean sea level, MEIL said. The statement noted that Zojila project, Asia's longest bi-directional tunnel, is a challenging development project in India for strategic reasons too. It added that the current winter witnessed the highest-ever snowfall in the history of Jammu and Kashmir with temperatures dropping ..

Infra expectations from Budget

The Union Budget could send a strong signal that surety bonds will be made fully operational in 2022-23

Best of BS Opinion: The infrastructure push, protect Aravalli range & more

Here is the best of Business Standard's opinion pieces for Thursday

Analysts bullish on road, highway developers on infra push, cheap valuation

Analysts remain positive on the road/construction sector given healthy order books providing good revenue visibility, controlled working capital, value unlocking

Panel for Gati Shakti asks DPIIT to identify high-impact infra projects

The dept has also been asked to carry out a comprehensive infrastructure gap analysis

Diamonds in the dust: As we enter a new year, let's recall some positives

While some would just be happy that 2021 is coming to an end, T N Ninan lists six things - from sports to stock markets and entrepreneurial talent - that India could look to in the new year

NHAI arm may award 15 logistics park deals over the next three years

The SPV, formed under the guidance of the road ministry, aims to address typical cost overruns with infrastructure projects

Tata Realty and Infrastructure looks to launch REIT after 2-3 years

Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets. In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Sanjay Dutt said the company has 7 million square feet of rental commercial portfolio, almost all are office assets, and it is making huge investments on expansion. On Saturday, Tata Realty announced an investment of Rs 5,000 crore over the next 7-8 years to develop a 7 million square feet IT park project in Navi Mumbai in partnership with UK-based investment firm Actis. Asked whether the company would at some stage look at floating REIT public issue, Dutt said: "We will. We already have 7 million square feet. So, technically we can do it (REIT) today." "But we are thinking that over the next 2-3 years once we scale up our

On the cusp of an orbital jump

Estimates indicate that by 2025 about 130 zettabytes of data in the world will be unstructured.