Infra Projects

Realty firm Emaar India will invest around Rs 1,000 crore to construct a new luxury housing project in Gurugram amid strong demand for premium residential properties. The company has launched a new project 'Amaris' at Sector 62 in Golf Course Extension Road, Gurugram. "We have launched a new housing project in Gurugram. We are getting a tremendous response from customers," Emaar India CEO Kalyan Chakrabarti told PTI. He said the company will develop 522 apartments in this 6.2-acre project, with a development potential of 15 lakh square feet. Asked about project cost, Chakrabarti said it will be around Rs 1,000 crore excluding land cost. The total revenue potential from this project is estimated at around Rs 2,500 crore, he said. "This project stands as a testament to Emaar's unwavering commitment to providing high-quality living spaces that align with our customers' needs and uphold the highest design standards," Chakrabarti said. He said the project will be completed in the nex

Election quarter also marked by lower project completions

Railways have incurred the highest cost overrun

As many as 449 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by cost overrun of more than Rs 5.01 lakh crore in March 2024, an official report stated. According to Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,873 projects, 449 reported cost overrun and 779 projects were delayed. "Total original cost of implementation of the 1,873 projects was Rs 26,87,535.69 crore and their anticipated completion cost is likely to be Rs 31,88,859.02 crore, which reflects overall cost overrun of Rs 5,01,323.33 crore (18.65 per cent of original cost)," the ministry's latest report for March 2024 said. According to the report, the expenditure incurred on these projects till March 2024 is Rs 17,11,648.99 crore, which is 53.68 per cent of the anticipated cost of the projects. However, the number of delayed projects decreased to 567 if delay is calculated on the basis o

As many as 443 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 4.92 lakh crore in February 2024, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,902 projects, 443 reported cost overruns and 764 projects were delayed. "Total original cost of implementation of the 1,902 projects was Rs 27,08,030.44 crore, and their anticipated completion cost is likely to be Rs 32,00,507.55 crore, which reflects overall cost overruns of Rs 4,92,477.11 crore (18.19 per cent of original cost)," the ministry's latest report for February 2024 said. According to the report, the expenditure incurred on these projects till February 2024 is Rs 16,76,739 crore, which is 52.39 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 568 if the delay is ...

PM launches projects worth Rs 2.3 trillion in a week; more lined up

The projects he inaugurated include New Dry Dock at Cochin Shipyard Ltd, International Ship Repair Facility of CSL, and LPG Import Terminal of Indian Oil Corporation Ltd at Puthuvypeen, Kochi

As many as 421 infrastructure projects, each entailing an investment of Rs 150 crore or more, were hit by cost overrun of more than Rs 4.40 lakh crore in November this year, an official report said. According to Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,831 projects, 421 reported cost overrun and 845 projects were delayed. "Total original cost of implementation of the 1,831 projects was Rs 25,10,577.59 crore and their anticipated completion cost was...Rs 29,50,997.33 crore, which reflects overall cost overruns of Rs 4,40,419.74 crore (17.54 per cent of original cost)," the ministry's latest report for November 2023 said. According to the report, the expenditure incurred on these projects till November 2023 was Rs 15,58,038.07 crore, which is 52.80 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreases to 629 if the delay is ...

Providing details on the meeting Surya said on 'X', "Met with the DyCM DK Shivakumar today and discussed important issues relating to Bengaluru city's infrastructure"

Bank of Baroda (BoB) on Wednesday said its board has approved a proposal to raise up to Rs 10,000 crore to fund infrastructure and affordable housing projects. The approval is for raising Long Term Bonds for Financing of Infrastructure and Affordable Housing aggregating to a total size of up to Rs 10,000 crore, in single or multiple tranches during 2023-24 and beyond, if found expedient, BoB said in a regulatory filing. The Reserve Bank of India on Tuesday barred state-owned BoB from onboarding new customers on its mobile app 'bob World' following material supervisory concerns. "The Reserve Bank of India has, in exercise of its power, under Section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the 'bob World' mobile application," the central bank had said in a statement. The action, the RBI had said was based on certain material supervisory concerns observed in the manner of onboard

Bangladesh Prime Minister Sheikh Hasina on Tuesday inaugurated the 82-km Padma Bridge Rail Link, the country's largest infrastructure project built under China's Belt and Road Initiative. Hasina unveiled the Dhaka-Bhanga section of the rail route between Dhaka and Jashore through the Padma Bridge from Mawa Railway Station in Munshiganj. The remaining portion of the project linking Jessore is expected to be launched in June of next year, the Dhaka Tribune reported, quoting project officials. Chinese Ambassador to Bangladesh Yao Wen, who attended the inaugural ceremony, said the Padma Bridge Rail Link is a landmark project under the Belt and Road Initiative (BRI), and also the largest infrastructure project in Bangladesh using Chinese preferential loans. As one of the most important infrastructure projects in Bangladesh, it is estimated to directly benefit 80 million people and boost economic growth by 1.5 per cent, he claimed. The project is estimated to cost Tk 39,246.80 crore, wi

As many as six infrastructure projects of roads and railways worth Rs 52,000 crore have been recommended for approval under the PM Gati Shakti initiative, an official statement said on Thursday. This takes the total number of projects assessed by NPG to 112 with a total value of about Rs 11.53 lakh crore, since the launch of PM Gati Shakti, it said. These six projects were assessed in the 56th Network Planning Group (NPG) meeting on September 27. The "Group meeting under PM Gati Shakti six project proposals, including four projects of Ministry of Road Transport and Highways and two projects of Ministry of Railways with the total project cost of about Rs 52,000 crore were assessed," the commerce and industry ministry said. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project location. The initiative was launched to develop an integrated infrastructur

As many as 388 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.65 lakh crore in July 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,646 projects, 388 reported cost overruns and as many as 809 projects were delayed. "Total original cost of implementation of the 1,646 projects was Rs 23,92,837.89 crore and their anticipated completion cost is likely to be Rs 28,58,394.39 crore, which reflects overall cost overruns of Rs 4,65,556.50 crore (19.46 per cent of original cost)," the ministry's latest report for July 2023 said. According to the report, the expenditure incurred on these projects till July 2023 was Rs 15,21,550.38 crore, which was 53.23 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreases to 602 if delay is

The Goa government has sent detailed project reports for proposals worth Rs 930 crore to the Centre for funding, Chief Minister Pramod Sawant said. Talking to reporters after chairing a review meeting, Sawant on Tuesday said that Goa's financial situation was good amid various reforms. He said that Goa has submitted to the Centre detailed project reports for various proposals worth Rs 930 crore to be undertaken in the state. The CM said that the state has already submitted 90 per cent of the utilisation certificates for the projects that were approved in the past by the Centre. There are no bills pending (of any contractor by the state government). The State government is also reviewing the loans taken from the agencies like NABARD and SIDBI, he said.

Union Education Minister Dharmendra Pradhan on Friday chaired a high-level meeting to review the progress of ongoing infrastructure projects of 43 Higher Education Institutions (HEIs) including IITs, IIMs, IIITs, IISERs and central universities, officials said on Friday. "Ongoing projects of institutions under School Education such as Kendriya Vidyalayas, Jawahar Navodya Vidyalayas, across the country were also reviewed. During the meeting, Pradhan directed the HEIs to speed up and complete the infrastructure projects by the end of the year," a senior Ministry of Education official said. The completion of new projects comprises new academic blocks, labs, hostels and facilities for vocational activities for students of various IITs, IIITs, IIMs, IISERs and central universities.

As many as 76 key infrastructure projects worth about Rs 5.14 lakh crore of different ministries have been evaluated under the PM Gati Shakti initiative in the last one year, a senior official said on Monday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM Gati Shakti initiative launched in October 2021. Special secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said that the usage of the PM Gati Shakti - National Master Plan has increased by the central ministers and states also. On October 13, 2021, the plan was launched with the aim to develop an integrated infrastructure to reduce logistic costs. All logistics and connectivity infrastructure projects, entailing investments of over Rs 500 crore, are routed through NPG. These projects include Gurdaspur-Jammu-Srinagar natural gas pipeline worth Rs 6,931 crore; the Chennai-Trichy-Tuticorin Exp project worth Rs 30,502 crore, and Indo-Nepal .

As many as 346 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.46 lakh crore, as per an official report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,418 projects, 346 reported cost overruns and as many as 823 projects were delayed. " Total original cost of implementation of the 1,418 projects was Rs 20,38,026.75 crore and their anticipated completion cost is likely to be Rs 24,84,846.99 crore, which reflects overall cost overruns of Rs 4,46,820.24 crore (21.92 per cent of original cost)," the ministry's latest report for February 2023 said. According to the report, the expenditure incurred on these projects till February 2023 is Rs 13,62,707.98 crore, which is 54.84 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 643 if delay is calculated on the basi

PM GatiShakti to help in planning social infrastructure: Piyush Goyal

Prime Minister Narendra Modi on Wednesday reviewed nine key infrastructure projects spread across 13 states having a cumulative cost of more than Rs 41,500 crore. Modi reviewed the projects while chairing the meeting of 41st edition of PRAGATI, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments. In the meeting, nine key infrastructure projects were reviewed -- three projects were from the Ministry of Road Transport and Highways, two from the Ministry of Railways and one project each was from Ministry of Power, Ministry of Coal, Ministry of Petroleum and Natural Gas, and Ministry of Health and Family Welfare, a statement issued by the Prime Minister's Office said. These nine projects have a cumulative cost of over Rs 41,500 crore and relate to 13 states -- Chhattisgarh, Punjab, Bihar, Madhya Pradesh, Uttar Pradesh, Jharkhand, Kerala, Karnataka, Tamil Nadu, Assam, Gujarat, Maharashtra and Arunachal ...

In an interview with Nikesh Singh, IIFCL managing director PR Jaishankar talks about the way ahead for the key infra financier