Page 9 - Infrastructure

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

Punjab & Sind Bank secures Rs 3,000 cr via 10 yr infra bond at 7.74%

IIFCL Rs 1,290 crore in two tranches with varying maturities

Silver lining: How senior living market is redefining retirement in India

The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind

Punjab & Sind Bank raises Rs 3,000 cr through maiden infrastructure bonds

State-owned Punjab & Sind Bank on Wednesday raised Rs 3,000 crore from issuance of maiden infrastructure bonds aimed at expanding infra lending. The bank received total bids of Rs 6,031 crore against the base issue size of Rs 500 crore, Punjab & Sind Bank said in a regulatory filing. Further, it said, the bank has decided to accept bids of Rs 3,000 crore at coupon rate of 7.74 per cent per annum. In accordance with RBI guidelines, these papers with a tenure of 10 years would be listed on the National Stock Exchange (NSE) for trading. These unsecured, subordinated, redeemable, non-convertible, taxable, fully paid-up long term bonds in the nature of debentures have a face value Rs 1 lakh each, it said. Allotment of bonds to successful bidders would be done on Friday, it added. 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 ..

Bihar sees 15-fold jump in data consumption, state goes big on infra

Bihar has seen a 15-fold jump in data consumption in the last five years as the state goes big on developing infrastructure, investing in connectivity and building rail and road networks, its Chief Secretary Amrit Lal Meena said. Bihar has witnessed unprecedented growth in infrastructure development with its road density being the third largest in India that facilitates trade and transport. Its electricity generation has expanded from 700 MW to 7,000 MW while the state has built IT parks and data centres are in the offing. Infrastructure is the focus, Meena, the top-most bureaucrat in the Bihar government, said adding massive investments have gone into building infrastructure in the last two decades. "If I talk of the road sector, we have a network of 1.2 lakh kilometres of rural roads. It has been built completely during the last 20 years. We have a very strong network of national highways, state highways and major district roads. And I am happy to share with you that during the .

Housing in tier-II cities: Assess job prospects, infra before investing

Tier 2 cities are emerging as attractive real estate destinations due to expanding employment opportunities

As of Nov 1, 438 projects report cost overrun of Rs 5.18 trillion: Govt

As many as 438 infrastructure projects with a total cost of Rs 150 crore or above have shown a 62 per cent cost overrun amounting to Rs 5.18 lakh crore, Parliament was informed on Monday. According to a written reply to the Rajya Sabha by Minister of State for Statistics & Programme Implementation Rao Inderjit Singh, the original total cost of these 438 projects increased to Rs 13.56 lakh crore from Rs 8.38 lakh crore. As on November 1, 2024, a total of 438 of 1,747 projects on the monitor of the ministry reported cost overrun of Rs 5.18 lakh crore, registering an increase of 61.82 per cent, according to the data shared by the minister showed. As reported by the project implementing agencies, the main reasons for the increase in cost of the projects are under-estimation of original cost, changes in rates of foreign exchange and statutory duties, spiralling land acquisition costs and shortage of skilled manpower/labour, the Minister said. Other reasons affecting the original cost ..

Centre must remove unnecessary obstacles for steel import clearances

The government has also introduced registration requirements such as steel import monitoring system (SIMS), paper import monitoring system (PIMS)

Capex to be decided according to country's need, says MoS Finance

Chaudhary noted that there is a special focus from the Prime Minister, and all ministries have been directed to reach their capex targets by March

India needs $2.2 trn investment to be $7 trn economy by 2030: Knight Frank

India will require an investment of USD 2.2 trillion for infrastructure development to become USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing on the need of radical measures to encourage private participation in this area. Real estate consultant Knight Frank India released a report, 'India Infrastructure: Reviving Private Investments', which mentioned that "an estimated investment of USD 2.2 trillion into infrastructure development is imperative to support India's GDP size to expand to USD 7 trillion by 2030." To achieve an economic size of USD 7 trillion by 2030, India's economy is required to grow at a CAGR of 10.1 per cent between 2024-2030, it added. Knight Frank India CMD Shishir Baijal said, "Strong impetus on infrastructural development and increased budgetary allocation by government has led to India's ranking in the Logistics Performance Index (LPI) improve from 54 in 2014 to 38 in 2023." In the last few years, he said, there has been .

Building materials hit a wall in Q2, recovery to lay bricks in FY26

Demand and margins set for slow rebuild, helping valuations cement stronger base

Punjab & Sind Bank eyeing Rs 3,000 crore through infrastructure bonds

The bonds, rated 'AA' by domestic rating agencies CRISIL and IndiaRatings, have a base size of Rs 500 crore and a green-shoe option of Rs 2,500 crore

Kerala, Adani Ports sign agreement for development of Vizhinjam Seaport

As per the agreement signed on Thursday, the project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028