Infrastructure Project

Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu directed the officers to complete the construction of those projects on priority

The country's airport industry is projected to report a profit before tax of USD 1.3 billion in the current financial year. The profit is anticipated to be Rs 256.1 (USD 3.1) per passenger in the fiscal ending March 2025, aviation advisory firm CAPA India said while giving projections at its aviation summit in the national capital on Friday. In the current fiscal, passenger throughput at Indian airports is estimated to rise to 404.9 million. Out of the total, 81.1 per cent will be domestic and 18.9 per cent will be international traffic, it said. As per the report, the Airport Authority of India's (AAI) profitability is likely to remain robust in FY2024 and FY2025. "The topline will grow due to an increase in aeronautical revenue along with the receipt of revenue share from the recently privatised six non-metro airports, without having to incur any expense associated with it - resulting in higher profitability," it added. The industry's profit before tax is expected to be USD 1.3

While some other executives from the power industry say it may be too early to gauge any impact, some highway contractors refuse to comment on the move

The country's largest multiplex operator PVR Inox will open 150 screens in the next fiscal with an investment of about Rs 500 crore, a top company official has said. The company, which opened a six-screen luxury cinema at Maison Inox here on Thursday, already runs 118 screens across 23 properties in the megapolis. Overall, including its property in Colombo, it operates 1,711 screens at 359 properties across 114 cities. We are planning to add 150 more screens at an investment of around Rs 500 crore next fiscal, Sanjeev Kumar Bijli, an Executive Director at PVR Inox, told PTI here. On the Maison Inox, he said normally a screen required an investment of Rs 5 crore but given that it's a luxury collection and comes with the first attached bar (Gastby Bar), the per screen cost is about Rs 7 crore. On the company's overseas expansion plans, he said they will have more screens in Sri Lanka only and not anywhere else. Despite the civil war and the deep financial difficulties, "Sri Lanka h

How has Gati Shakti changed India's infra push? Is declining foreign investment a cause for worry? Will SpiceJet's stock rally make an emergency landing? What is Aditya L-1 mission? All answers here

Man Infraconstruction has bagged a Rs 680-crore EPC order from Bharat Mumbai Container Terminal to construct the fourth container terminal at the Jawaharlal Nehru Port (JNPT). Bharat Mumbai Container Terminal is a subsidiary of PSA International, a Singaporean port group. PSA is working with JNPT to develop the second phase of the fourth container terminal, and the contract includes land reclamation and infrastructure development. The contract is to finish the infra work within 30 months, Man Infra, a city-based EPC and realty company, said in a statement. Manan Shah, the managing director of Man Infra, said his company had executed the first phase of infra work for the terminal earlier within 22 months. Publicly-traded Man lnfra has zero debt and had Rs 1,890 crore in revenue from which it earned a net profit of Rs 258.6 crore in FY23. Its EPC division has six decades of experience in ports, residential, commercial & industrial and road segments, and the realty division has ...

During the interaction, the Prime Minister also reviewed the 'PM SVANidhi Scheme'

The slew of infrastructure projects to bolster basic as well as modern transport infrastructure in urban and rural pockets covers all the districts of the state

Modi brings infra in focus ahead of Rajasthan polls, opens first phase of India's longest expressway

What must be even more confounding is how Indian leaders appear able to get away with budget math other politicians cannot, whether economically or politically

The Delhi government on Tuesday approved three projects worth Rs 17.79 crore to beautify and strengthen some important stretches in the national capital and to reduce waterlogging during monsoon

The Indian government and ADB on Tuesday signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states, a statement from the finance ministry said

The dedication function on the Along-Yinkiong road in Arunachal Pradesh included the physical inauguration of the strategically-important Siyom Bridge

Prime Minister Narendra Modi will visit Maharashtra on Sunday to lay the foundation stone and inaugurate projects worth Rs 75,000 crores

Output accelerated by only 0.1% in October; 4 of 8 core industries reported production contraction

Funding under IIPDF Scheme is in addition to Viability Gap Funding Scheme notified in December 2020

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Assam Chief Minister Himanta Biswa Sarma on Sunday said that all government schools in the state will soon get new infrastructure. More than 4,000 schools will be covered under the initiative, he said. Sarma, along with Education Minister Ranoj Pegu, the state government's education advisor Nani Gopal Mahanta and senior officials, visited several old government schools in Guwahati and inspected the existing facilities. "We are trying to convert educational institutes of our State into centres for human resources development," Sarma tweeted later. "All Govt schools will get new infrastructure. As a part of this, 10 schools in Guwahati will get new buildings in 1st phase, before 4,000 more schools are covered," he added. Among the schools, he visited was Kamrup Academy, where he had studied. "Visited Kamrup Academy, Guwahati, and reviewed its infrastructure. Established in 1930, I had the privilege of seeking education from this historical institute in my childhood. "The school bu

India on Wednesday asked Beijing-based multilateral lending agency AIIB to scale up investments in priority areas like clean energy and infrastructure sector with a special focus on education and health. Addressing the annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), Finance Minister Nirmala Sitharaman said India has embarked on the path of a self-reliant economy and therefore has been successful in mitigating the negative effects of the pandemic. As regards AIIB, she said, it needs to scale-up investments in key priority areas, including clean energy and energy efficiency, disaster resilient infrastructure, social infrastructure with a special focus on education and health, and digital infrastructure in order to ensure a meaningful impact is achieved and resources are not scattered in multiple areas. As public resources alone are insufficient to meet the vast infrastructure needs of the members, she advised that the bank should not only .

As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.52 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,529 projects, 384 reported cost overruns and as many as 662 projects were delayed. "Total original cost of implementation of the 1529 projects was Rs 21,25,851.67 crore and their anticipated completion cost is likely to be Rs 25,78,197.18 crore, which reflects overall cost overruns of Rs 4,52,345.51crore (21.28% of original cost)," the ministry's latest report for September 2022 said. According to the report, the expenditure incurred on these projects till September 2022 was Rs 13,78,142.29 crore, or 53.45 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 531 if delay is calculated on the basis of latest schedule o