Page 8 - Infrastructure

Modi govt prepared roadmap to build 'Viksit Bharat' by 2047: Mandaviya

Union Minister Mansukh Mandaviya on Saturday blamed previous governments for missing the opportunity to develop infrastructure for boosting economic expansion, saying the Modi government has prepared the roadmap to achieve the Viksit Bharat@2047 goal. This assumes significance in view of India's ambitious goal of achieving the target of a fully developed nation in 2047 when the country will be celebrating 100 years of independence. Speaking at The Times Group's ET NOW Global Business Summit (GBS) 9th Edition, Mandaviya said that many trains (opportunities to push economic growth) came and went but the country was not ready with its luggage and ticket (roadmap for development) at the right time. The minister, who holds the portfolio of Labour and Employment and Youth Affairs and Sports, was referring to the absence of a clear-cut roadmap for development, especially infrastructure, commensurate with the need of the hour to keep pace with changing times for achieving high economic ...

Dilip Buildcon's Q3 FY25 results: Profit rises 7.4% to Rs 115.3 crore

The company's revenue from operations declined by 9.98 per cent YoY

JSW Group's Sajjan Jindal unveils Rs 1.2 trn investment plan for Karnataka

Karnataka continues to be JSW's karmabhoomi with major expansions in steel, energy, infrastructure, cement, and paints

Infra financing not an issue; need to increase project pipeline: NaBFID MD

The government has acknowledged the need for this product and made the Budget announcements. Concurrently, we have been working on developing the product, said NaBFID MD

Rapido proposes Rs 150 cr investment in mobility, infra segment in Bengal

Ride-sharing platform Rapido has proposed to invest Rs 150 crore in the mobility and infrastructure segment in West Bengal with majority of the investment expected to go into urban mobility, the company said on Thursday. Announcing the signing of an initial pact with the state's transport department to this effect, Rapido said as part of the partnership it will introduce a dedicated fleet of pink-coloured two-wheelers and four-wheelers, driven by women captains, ensuring a secure and comfortable experience for female passengers under its Pink Mobility Initiative, a programme designed to provide safe and reliable commuting options for women. Currently, executing 1 lakh rides per day across Bengal, Rapido's operations have become an integral part of daily commuting in the state, the company said. "As part of this collaboration, Rapido will invest Rs 150 crore towards key initiatives focused on electric mobility, women's safety in transportation, and road safety awareness. A significan

Two-thirds of sectoral indices still a premium to 10-year averages

Among the sectors commanding the highest premiums are infrastructure, utilities, and consumer durables

NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre

A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)

Ambuja Neotia Group commits over Rs 15,000 cr in WB over next 5 years

Ambuja Neotia Group, a leading business conglomerate in East India, announced an investment of over Rs 15,000 crore in West Bengal over the next five years. The investments will span healthcare, hospitality, tourism, residential and commercial real estate, and a golf-themed township, group chairman Harshavardhan Neotia said while speaking at the 8th Bengal Global Business Summit inauguration here on Wednesday. Neotia expressed gratitude to the state government for fostering a "business-friendly environment." He highlighted West Bengal's strategic advantages, including its "skilled workforce, growing infrastructure, and proximity to Asian markets." He also acknowledged the "proactive governance and support from Chief Minister Mamata Banerjee." Neotia said, "The group will invest Rs 1,500 crore in healthcare, setting up five new hospitals across the state, adding 1,300 beds." In hospitality and tourism, "Rs 2,700 crore will be invested to develop a luxury hospitality circuit with Ta

Apollo Micro Systems Q3FY25 results: Net profit jumps 83% to Rs 18 crore

Apollo Micro Systems Ltd (AMSL) has posted an 83 per cent jump in its consolidated profit after tax to Rs 18.24 crore in the December quarter, aided by higher income. It had reported a profit after tax (PAT) of Rs 9.96 crore in the October-December quarter of preceding 2023-24 fiscal, the company said in a regulatory filing on Tuesday. The company's total income increased 62 per cent to Rs 149.37 crore against Rs 91.84 crore in the same period a year ago. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace and defence, among others.

Budget 2025 aims to foster public-private cooperation in infra sector

The budget announcements aim to foster public-private cooperation and are expected to attract global investments in the infrastructure sector, industry players and experts said. In her budget speech on Saturday, Finance Minister Nirmala Sitharaman made several announcements to give a push to various sectors, including infrastructure. She said Rs 1.5 lakh crore will be provided towards 50-year interest free loans to states, for infrastructure development, and an asset monetisation plan will be launched for 2025-30 period to infuse Rs 10 lakh crore capital in new projects, besides an outlay of Rs 500 crore for setting up a centre of excellence in artificial intelligence for education. Rasmi Ranjan Ray, SUEZ India CEO said the Budget has set the stage for transformative, infrastructure-led growth with a record allocation of Rs 1.5 lakh crore in the form of 50-year interest-free loans to states for infrastructure projects. Virendra D Mhaiskar, Chairman & Managing Director, IRB ...

Boost in urban infra: HUA ministry allocated Rs 96,777 cr in Budget

In a bid to boost urban infrastructure, the Centre Saturday hiked the allocation for the Union Housing and Urban Affairs Ministry by around 18 per cent, setting aside Rs 96,777 crore for it in the Union Budget 2025-26. In the budget presented in Parliament, the government also announced the setting up of an Urban Challenge Fund of Rs 1 lakh crore for "cities as growth hubs", "creative redevelopment of cities", and "water and sanitation". An allocation of Rs 10,000 crore has been proposed for it in FY 2025-26. The government has allocated Rs 96,777 crore to the HUA ministry for the next fiscal as against Rs 82,576 crore in Budget 2024-25. Presenting the Union Budget 2025-26, Finance Minister Nirmala Sitharaman said the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme will be revamped with enhanced loans from banks and UPI-linked credit cards with Rs 30,000 limit. In the Budget 2025-26, the government has set aside Rs 373 crore for the PM SVANidhi against the Rs 326 crore ..

Key infra sectors' growth slows to 4% in Dec 2024, shows govt data

The output of eight key infrastructure sectors slowed down to 4 per cent in December 2024, as against 5.1 per cent growth registered a year ago, according to official data released on Friday. On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024. In December, production of natural gas output recorded a negative growth. The production growth of coal, refinery products, fertiliser, and steel moderated to 5.3 per cent, 2.8 per cent, 1.7 per cent, and 5.1 per cent, respectively, against 10.8 per cent, 4.1 per cent, 5.9 per cent and 8.3 per cent in December last year. However, cement and electricity output rose to 4 per cent and 5.1 per cent in the month under review. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.2 per cent during April-December this fiscal. It was 8.3 per cent in the same period last fiscal. The eight

Economic Survey: PPPs in infra projects need 'wholehearted acceptance'

EcoSurvey says PPP contract management and execution capacities need substantial improvement

Infra lending slows in December; gold loan growth sees sharp uptick

According to Reserve Bank of India (RBI) data, in absolute terms, bank credit to infrastructure rose by Rs 12,657 crore in 12 months to Rs 13.14 trillion in December 2024

Wind industry seeks policy parity, infra support to meet energy goals

As the Union Budget approaches, industry leaders hope for measures that will align policy, infrastructure, and investment to further strengthen India's renewable energy sector

Gadkari campaigns for Delhi Assembly polls, highlights BJP's infra push

Gadkari pointed out that modern infrastructure is being built rapidly in Delhi at a cost of Rs 65 thousand crore

Here's why India's shiny new metros are just costly white elephants

In general, India's the opposite of China: If Beijing built too much infrastructure, New Delhi built too little. But the flashy new metro systems in smaller cities are an exception

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