Page 9 - Infrastructure

Karnataka seeks bigger share of central taxes, Rs 1.15 trn for B'luru infra

Karnataka Chief Minister Siddaramaiah on Friday met 16th Finance Commission Chairman Arvind Panagariya, demanding a larger allocation for the state from the central tax pool and Rs 1.15 lakh crore investment to strengthen Bengaluru's infrastructure for the five-year period beginning April 1, 2026. In the meeting, which lasted for more than an hour, Siddaramaiah flagged that there has been a "stark imbalance in fiscal returns" despite Karnataka contributing nearly 8.7 per cent of the national GDP with just 5 per cent of the population and ranking second in the country in GST collections. "The imbalance in fiscal returns is so much that for every rupee Karnataka contributes to union taxes, it receives only 15 paise in return," the CM told reporters after the meeting. Speaking about the discussion, Siddaramaiah said: "The meeting was very cordial and the chairman was very receptive to our demands... We have told them that the tax devolution to states should be done fairly and ...

Governing Council urges NIIF to boost global presence, adopt new strategy

The Finance Ministry has called on NIIF to leverage its sovereign-backed model, diversify funding sources and attract international investors by strengthening its global profile

CM Gupta announces state-of-the-art auditorium in northeast Delhi

Delhi Chief Minister Rekha Gupta on Monday announced the construction of a state-of-the-art auditorium in northeast Delhi, aiming to boost infrastructure for educational and cultural events in the region, according to a statement. She made the announcement while attending the 61st Annual Day and Sashtipoorthi celebrations of Shyam Lal College as the chief guest. The event was also attended by Member of Parliament Manoj Kumar Tiwari and MLA Jitendra Mahajan, the statement read. To mark the college's milestone, the chief minister planted a sapling near the Ganesh Temple on campus and felicitated students who excelled in academics and other fields, it stated. In her address, Gupta recalled her student days at the University of Delhi and said institutions like Shyam Lal College, once facing several challenges, have now evolved into centres of excellence. She said that a student from Shyam Lal College is now serving as an MLA and, as a former DU student herself, she is now the chief ...

Statsguru: What explains cracks in infrastructure at India's major airports

For the country's major airports, repair & maintenance expenditures declined year-on-year in proportion to their aeronautical revenues in FY24

Ambuja makes 30% of cement used in infra, housing projects in India: CEO

Ambuja Cements, now a key part of the Adani Group, has surpassed 100 MTPA capacity and plans to reach 140 MTPA by FY28, driven primarily by brownfield expansions

Salasar Techno Engineering Q4 results: Net profit grows 30% to Rs 20 cr

Steel structure maker Salasar Techno Engineering has reported a 30 per cent growth in consolidated net profit to Rs 19.31 crore in the March 2025 quarter, driven by higher revenues. It had posted a net profit of Rs 15.21 crore in the January-March period of the preceding fiscal, the company said in an exchange filing on Friday. During the fourth quarter, the company's total income increased 32 per cent to Rs 472.68 crore from Rs 358.42 crore in Q4 FY24. Salasar Techno Engineering is a steel structure manufacturer and engineering, procurement and construction infrastructure company, catering to telecom, energy and railways sectors.

AM/NS India launches two new patented steel products under Optigal

AM/NS introduces Optigal Prime and Pinnacle with high corrosion resistance and eco-friendly features, aiming for 25% share in India's colour-coated steel market

PM Modi to inaugurate development projects worth Rs 48,520 crore in Bihar

Prime Minister Narendra Modi will inaugurate and lay foundation stone of multiple development projects worth over Rs 48,520 crore in Bihar's Karakat on Friday. The PM, who arrived in Patna on a two-day visit to the state on Thursday, will also address a public rally in Karakat. According to an official communication, "The PM will inaugurate, lay foundation stone and dedicate to the nation multiple development projects worth over Rs 48,520 crore in Karakat. Boosting power infrastructure in the region, he will lay the foundation stone for the Nabinagar Super Thermal Power Project, stage-II (3x800 MW) in Aurangabad district worth over Rs 29,930 crore, which will aim at ensuring energy security for Bihar and eastern India". It will boost industrial growth, create job opportunities, and provide affordable electricity in the region, it added. Further, in boost to the road infrastructure and connectivity in the region, the PM will lay the foundation stone for various road projects includi

UP govt to invest Rs 6,124 crore on building ring roads, bypasses

The Uttar Pradesh government is set to invest Rs 6,124 crore in the construction of ring roads, bypasses, and flyovers across the state, it said in a statement on Sunday. The Public Works Department (PWD) has prepared a blueprint that outlines road connectivity expansion for the financial year 2025-26 with 62 projects in all. According to the PWD, priority will be given to high density regions and those with heavy vehicular movement. The initiative not only aims to boost connectivity but also improve traffic management. Under the initiative, various types of industrial parks are being developed across the state, with such factors as freight movement and road connectivity in consideration. PWD said that in the current financial year it will build 62 bypasses and ring roads with priority in areas having a population of over one lakh. Municipalities and councils connected already with national highways will not be included in this plan. In those areas, the construction of bypasses

Tata Steel completes 5MT Kalinganagar expansion; capacity crosses 26MT

Tata Steel on Thursday announced the completion of the phase II expansion project at Kalinganagar in Odisha, taking its overall capacity to 26.1 million tonnes (MT) in the country. With the completion of the 5 million tonne expansion project undertaken at an investment of Rs 27,000 crore, the capacity of Kalinganagar plant stands at 8 MT from 3 MT earlier, the steelmaker said in a statement. Odisha CM Mohan Charan Majhi inaugurated the expanded Tata Steel Kalinganagar (TSK) plant on Thursday. T. V. Narendran, CEO and Managing Director, Tata Steel, said: "This expansion reflects our deep belief in Odisha's potential and our long-term commitment to this State. Kalinganagar is more than a manufacturing site for us. It symbolises what is possible when communities, government, and industry work together." Tata Steel aims to target supply advanced high-strength steels for sectors like automotive, infrastructure, power, shipbuilding, and defence with the expansion. Odisha has emerged as

IRB Infra Q4FY25 results: Net profit rises 13.7% to ₹214.72 crore

IRB Infra reports 13.7% YoY rise in Q4 net profit; FY25 profit surges on exceptional gains, while revenue sees modest annual growth and toll collections beat industry

Signature Global may launch NCR projects worth ₹17,000 crore in FY26

Realty major picks Dwarka Expressway and Southern Peripheral Road micro markets, but remains open to launching future projects in Noida and Delhi as well

Govt needs to reinterpret viability gap funding for building social infra

Public spending on social infrastructure is constrained by the government's commitment to fiscal consolidation

After constraints get addressed, IIFCL book can grow to ₹4 trn by FY28: MD

P R Jaishankar talks about the road ahead for India Infrastructure Finance Company

Real estate developers stuck between construction cost wall and soft market

Price rise mainly due to jump in cost of cement, steel, and skilled labour

IFFCO-Tokio enters surety bonds business to support infra projects

IFFCO-Tokio joins a handful of insurers offering surety bonds to support small contractors and infrastructure projects as segment eyes Rs 3 trillion growth by 2030

Telcos to airports: Allow us to provide indoor telecom infrastructure

Telcos say current rules prohibit unlicensed third parties from deploying active or passive telecom infrastructure, urge airports to grant rights to licensed operators

Infra boost, lower repo rates, ready units aid market recovery: CREDAI

The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and a resilient housing market has emerged in the January-March 2025 period, the study prepared by the Confederation of Real Estate Developers' Associations of India (CREDAI), Chennai said on Sunday. Projects nearing completion or ready-to-occupy continued to be the preferred choice among buyers, it said. The recent reduction in the repo rate by the Reserve Bank of India and the Central government's revised income tax slabs has further supported buyer sentiment, particularly among first time buyers, the report said. Sales of residential units grew 7 per cent quarter on quarter to 3,783 units during the three month period while it was 27 per cent growth year-on-year. Southern suburbs accounted for the majority of

Swiggy expands 10-minute food delivery service 'Bolt' to over 500 cities

Swiggy on Friday said its 10-minute food delivery service 'Bolt', which was launched in October last year, is now operational in more than 500 cities across the country. Presently, at least one in every 10 food delivery orders delivered by Swiggy are delivered using the 'Bolt' service. The offering is now available in over 500 cities across India. Swiggy's scaling up of 'Bolt' comes at a time when its rival Eternal, formerly Zomato, has announced shutting down of the 'Zomato Quick' offering, stating it is not seeing the path to profitability without compromising on customer experience, observing that the current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes, leading to inconsistent customer experience. Swiggy Food Marketplace CEO Rohit Kapoor said, "Bolt fits into the way people live today. You're hungry, you want something now, and you don't want to compromise. We built Bolt for that moment. Seeing it scale to 500-plus cities in ju

JSW Infra Q4 results: Profit jumps 54% despite moderate cargo volume growth

The total expenses during the quarter increased by only about 1 per cent YoY, to Rs 790.6 crore