Page 8 - Infrastructure

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

New govt infrastructure projects down by over 20% in December quarter

Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019

Auto sales shake off pandemic blues, hit record high of 26.1 mn units

Industry expects 2025 growth across segments in low to mid-single digits

Ken-Betwa river project: Balancing development with ecological concerns

India's ambitious river-linking plan faces criticism for environmental and human costs

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT

The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday. NDR InvIT is an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. These 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT's key role in advancing India's warehousing and industrial parks sector, NDR said. The funds will accelerate NDR InvIT's strategic growth plans, it added. With demand for robust logistics infrastructure soaring due to rapid manufacturing growth and the exponential rise of e-commerce, this investment positions NDR InvIT as a driving force in bridging critical infrastructure gaps, it noted. The investment comes at a time when India's logistics and warehousing sectors are poised for exponential growth, it said. According to a recent report by Motilal Oswal, the domestic logistics market, valued at Rs

IIMC boosts academic, training ecosystem with Rs 200 crore infra push

The Indian Institute of Mass Communication (IIMC) has undertaken several measures, including an investment of about Rs 200-crore in infrastructure development, to strengthen its academic and training ecosystem, a government official said. The institute has also launched new programmes, modernized its facilities, and achieved significant milestones in media education and training, IIMC Registrar Nimish Rustagi said. He added that the institute, which has been declared a 'Deemed to be University', launched two MA programmes - Media Business Studies and Strategic Communication - in August with an intake of 80 students. "The year 2024 marked a remarkable focus on modernising and upgrading the institution's infrastructure. The big push came in the form of Ministry of Information and Broadcasting approving proposals of almost Rs 200 crore for constructing IIMC's own campus at Amravati, Maharashtra and expansion of the campus here," Rustagi said. These projects, he said, would come to ...

JSW Infrastructure anchored for robust growth on strong balance sheet

A majority of JSWIL's ports are deep draught ports with multi-modal evacuation infrastructure

Residential and commercial sectors to stand as pillars of resilience

Growth is expected to be stable on the supply side as well. With a stable outlook for both demand and supply, the year-to-sales indicator for inventory will continue to remain favourable

States' sops may divert resources away from infra development: RBI article

Sops announced by several states in their 2024-25 Budgets may divert resources away from critical social and economic infrastructure development, an RBI article said on Tuesday. The gross fiscal deficit as per cent of budget estimate moderated in April-September 2024-25 over H1:2023-24 in case of both Centre and states, primarily on account of robust receipts, deceleration in their revenue expenditure growth and decline in capital expenditure, the article published in December RBI Bulletin said. This provides fiscal room to them to boost capex in the latter half of 2024-25 which would aid in sustaining the post pandemic gains in expenditure quality and support medium-term growth prospects. However, several states have announced sops in their 2024-25 Budgets; such spending may divert resources away from critical social and economic infrastructure development, it said. Many states, including Haryana, Punjab, Maharashtra, and Jharkhand have announced sops including free electricity to