Page 8 - Infrastructure

Hospitality sector awaits infrastructure status, seeks GST relief in Budget

Industry stakeholders believe that the full potential of India's travel and tourism sector remains untapped

CEOs bet on boost in consumption, infrastructure this Budget: BS Poll

India Inc sees uptick in investments, jobs

Indus Towers Q3FY25 results: Net profit rises 160% to Rs 4,003 crore

Indus Towers on Thursday reported more than doubling of its consolidated net profit to Rs 4,003 crore in the third quarter of 2024-25 on the back of strong tower and colocation additions as well as significant collections of overdue from "a major customer". The December quarter had a write-back of Rs 3,024 crore in provision for doubtful receivables, aided by collections against past overdue, the company said in its earnings release. The tower infrastructure company expects the resumption of network expansion by "a major customer" and rollouts by others, to drive growth. The consolidated profit after tax stood at Rs 4,003 crore, 160 per cent year-on-year increase as compared to Rs 1,541 crore in Q3FY24. The quarter saw an improvement on various metrics including return on capital employed, which rose to 29.3 per cent as against 19.2 per cent on Y-o-Y basis. "We are pleased to see our ability to maintain a dominant share of our major customers' rollouts reap dividends in the form o

Bank of India's board approves plan to raise Rs 5,000 cr via infra bonds

State-owned Bank of India (BoI) on Thursday said its board has approved Rs 5,000 crore fund raising through infrastructure bonds. Long Term Infra Bonds to the tune of Rs 5,000 crore would be raised during the fourth quarter of FY25, BoI said in a regulatory filing. Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past. The advantage of infrastructure bonds is that they are exempt from regulatory reserve requirements such as Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). So, infrastructure bond proceeds can be fully deployed for lending activities. Banks have been preferring infrastructure bonds over AT-1 and Tier-2 bonds, as they are better priced.

Donald Trump's administration set to make 'massive' infrastructure push

He also planned a series of high-profile meetings and events to chart the strategy for his second term

Infra needs Rs 15 trn annual outlay for 'Viksit Bharat' goal: Mandaviya

Union Minister Mansukh Mandaviya on Monday said the government's infrastructure investment budget should be Rs 15 lakh crore per annum, against Rs 11.5 lakh crore at present, for the next 25 years to achieve 'Viksit Bharat @2047' and social security for all. This assumes significance in view of India's 100 years of independence in 2047 and the government's goal of 'Viksit Bharat@2047'. Addressing the inaugural of ISSA-ESIC International Seminar 'Formalization & Social Security Coverage for Workers in the Informal Sector Challenges & Innovation', Mandaviya stated that the infrastructure investment budget was Rs 1.2 lakh crore in 2012 and this budget was Rs 2.4 lakh crore in 2014 under the Narendra Modi-led government. "In 2024, the budget has been pegged at Rs 11.5 lakh crore. We have to take it to Rs 15 lakh crore. When the government will invest Rs 15 lakh crore on infrastructure for the next 25 years, only then India will become a developed country (by 2047)," he said. He ...

Infra outlays: Key expectations from the Union Budget allocations

l The CMIE data also points to a worrying 57.1 per cent year-on-year decline in the value of government projects completed and a 40 per cent decline in that of the private sector

RIIL Q3FY25 results: Net profit drops 24% to Rs 2.74 cr, revenue falls 9.4%

Reliance Industrial Infrastructure Ltd on Wednesday reported a 24 per cent decline in its third-quarter net profit as lower utilisation of infrastructure assets led to a fall in revenue. Consolidated net profit in October-December - the third quarter of April 2024 to March 2025 (FY25) fiscal - fell to Rs 2.74 crore from Rs 3.62 crore a year back, the company said in a statement. Its revenue fell 9.4 per cent to Rs 18.60 crore from Rs 20.52 crore in October-December 2023. This was "on account of lower utilisation of infrastructure assets," the statement said. "The company continues to provide infrastructure support services, which include transportation of petroleum products and raw water through pipelines and other support services mainly to Reliance Industries Limited," it said. "The company presently does not have any expansion plans on the anvil.

Dharavi redevelopment project to transform realty in nearby areas too

Developers banking on its strategic location and improved connectivity

Seizing 'winds of opportunity', Railways explores turbines along tracks

Experts raise concerns over logistics, safety risks

Empowering startups through policy support, infrastructure development

We in CII are committed to championing initiatives that align with the vision of Startup India - driving innovation, creating jobs, and fostering economic growth

PM Narendra Modi inaugurates Rs 2,700 crore Z-Morh tunnel in J&K

Project will provide all-weather connectivity between Srinagar and Leh

Delhi looks little different since 2010: AAP must share some of the blame

AAP has failed as comprehensively as the anti-corruption movement did

Beyond Snack raises $8.3 million in series A round for expansion efforts

The fresh funds will be used for expansion into new territories, product innovation, and strengthening its supply chain infrastructure

Ajmera Realty & Infra sale bookings rise 7% to Rs 270 cr in Dec quarter

Ajmera Realty & Infra India Ltd on Thursday reported a 7 per cent growth in sale bookings to Rs 270 crore in the December quarter on better housing demand. Its sale bookings or pre-sales stood at Rs 253 crore in the year-ago period. During the April-Decrmber period of 2024-25 fiscal, the company's sale bookings were up 14 per cent to Rs 830 crore from Rs 730 crore in the corresponding period of the preceding year, according to a regulatory filing. Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, the company delivered a steady performance in December quarter, with sales driven by recently launched portfolio and limited inventory availability across projects. "The launched portfolio velocity contributed over 40 per cent to our sales during the nine-month period, demonstrating our ability to align with market expectations," he said. Looking ahead, Dhaval Ajmera said the company is optimistic about launching new projects in the upcoming quarter. "The company is ...

L&T bags significant orders worth Rs 1K-25K cr in Q3FY25 in India, overseas

Infrastructure major Larsen & Toubro (L&T) on Wednesday said its heavy engineering arm has bagged significant orders in the third quarter in the domestic market and abroad. Orders in the range of Rs 1,000 crore to Rs 2,500 crore range are classified as 'significant' by the company. In the overseas market, it secured an order for LNG equipment for a project in the USA, L&T said in a filing to BSE. The business also secured a breakthrough order for a loop reactor in a Propane Dehydrogenation (PDH) Polypropylene (PP) Plant in Turkey. Further, the business has secured a repeat order from a leading oil and gas customer in Saudi Arabia for a Fluid Catalytic Cracking Unit revamp project. The business has then bagged an order from a client in Kuwait. This is for the supply of critical components for hydrocracker reactors and high-pressure heat exchangers. In the domestic market, the company has bagged projects for three urea reactors from Southern Petrochemical Industries ...

FinMin wants banks, NBFCs to join hands to fund large infra projects

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

Leaked files show Russia's military preparedness against Japan, South Korea

Leaked documents reveal Russia's military strategy to address its concerns over eastern borders in a potential NATO conflict. This is due to the potential involvement of US assets and regional allies

Diljit Dosanjh's concerts a wake-up call: Is India ready for mega events?

Diljit Dosanjh announced that he won't perform in Chandigarh again until there is better infrastructure, highlighting event management and infrastructure woes seen in Delhi and other cities as well

Capital Infra Trust InvIT's IPO to open on Jan 7, plans future acquisitions

For its initial portfolio, the trust will acquire, manage, and invest in nine completed and revenue-generating initial portfolio assets, aggregating approximately 682.43 km