Infrastructure

EDF India on Wednesday announced a strategic joint venture (JV) with Actis, a leading global investor in sustainable infrastructure, to deploy smart metering infrastructure. This collaboration aims to operate a dedicated platform company for Advanced Metering Infrastructure Service Provider (AMISP) concessions, reinforcing EDF India's and Actis' commitment to investing in the Indian power sector, a company statement said. Under this joint venture, EDF India and Actis will bring together their global expertise in energy solutions and infrastructure investments. The Indian government is actively driving the National Smart Metering Project under the Revamped Distribution Sector Scheme (RDSS), targeting the deployment of 250 million smart meters by 2025, it said. These advanced metering solutions are designed to enhance operational efficiencies, reduce aggregate technical and commercial losses, and bolster the financial sustainability of India's power distribution companies ...

Union Minister of Railways, Electronics & Information Technology, and Information & Broadcasting, Ashwini Vaishnaw participated in the Advantage Assam 2.0 Investment and Infrastructure Summit held in Guwahati and announced several key initiatives and projects aimed at accelerating the growth of the railway and IT industries in the region.Highlighting the government's commitment to enhancing infrastructure and industrialization, Vaishnaw described the North East as the "New Engine" for India's development. He unveiled plans for a new semiconductor plant in Assam, reinforcing the state's growing role in electronics and semiconductor manufacturing.Additionally, he announced that Guwahati Railway Station would be transformed into a new IT hub, further strengthening the region's digital infrastructure.The Minister underscored the government's success in constructing 1,824 km of new railway tracks in Assam and the North East since 2014. He also noted the commissioning of two ...

CAG reports will highlight alleged issues in the renovation of the Chief Minister's residence and Mohalla clinics under the earlier AAP government

Murray shared his insights on the country's growing commercial real estate sector

Curb in infra spending due to elections dragged growth down to 5.4 per cent in July-September, well below the 8.2 per cent average last fiscal year

Uttarakhand Finance Minister Premchand Aggrawal on Thursday presented in the assembly over Rs 1-lakh-crore budget for 2025-26 with an emphasis on innovation, agriculture, connectivity and infrastructure development. The total budget size has been increased by 13 per cent compared to budgetary allocation of Rs 89,000 crore for the current fiscal. Chief Minister Pushkar Singh Dhami said that He said this the budget is based on the Prime Minister's basic mantra 'Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas' and it will prove to be a milestone in the development of Uttarakhand. "We have prepared this budget keeping in mind the comprehensive framework of ecology, economy, sustainable and inclusive development as well as technology and accountability," Dhami told reporters after the budget presentation. He said that in this budget, a venture fund has been set up which also includes riverfront development plan, operation of electric buses and establishment of a sports ...

The $500 million grant was earmarked for critical infra projects, including a 320 km electricity transmission line to facilitate energy exports to India and improvements to Nepal's road network

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 ...

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

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

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

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

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

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

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 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.

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 ...

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 ..

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

EcoSurvey says PPP contract management and execution capacities need substantial improvement