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Infra Projects See Cost Overrun

449 infra projects hit by cost overrun of Rs 5.01 trillion in March: MoSPI

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

Updated On : 12 May 2024 | 11:46 AM IST

448 infra projects hit by cost overrun of Rs 5.55 trillion in Oct-Dec: Govt

As many as 448 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by cost overrun of more than Rs 5.55 lakh crore during December quarter 2023, an official report stated. The Quarterly Project Implementation Status Report (QPISR) on Central Sector Projects (costing Rs 150 crore and above) for the third quarter of 2023-24, contains detailed information on 1,897 projects. The QPISR is prepared by Ministry of Statistics and Programme Implementation. Out of 1,897 projects, 448 projects were having cost overrun of Rs 5,55,352.41 crore, which is 65.2 per cent of their sanctioned cost. However, it stated that with regard to the latest approved cost, 292 projects had reported cost overrun of Rs 2,89,699.46 crore. Further, 276 projects are having both time and cost overruns. Out of 1,897 projects, 56 projects were ahead of schedule, 632 projects were on schedule, 902 projects were delayed with respect to the original schedule of completion. Further,

Updated On : 28 Apr 2024 | 10:42 AM IST

421 infra projects hit by cost overrun of Rs 4.40 trn in Nov, says MoSPI

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 ...

Updated On : 24 Dec 2023 | 11:37 AM IST

As many as 388 infra projects show cost overruns of Rs 4.65 trn in July

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

Updated On : 20 Aug 2023 | 11:45 AM IST

408 infra projects show cost overruns of Rs 4.80 trillion in May: Report

As many as 408 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.80 lakh crore in May 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 1,681 projects, 408 reported cost overruns and as many as 814 projects were delayed. "Total original cost of implementation of the 1,681 projects was Rs 24,16,872.28 crore and their anticipated completion cost is likely to be Rs 28,96,947.15 crore, which reflects overall cost overruns of Rs 4,80,074.87 crore (19.86 per cent of original cost)," the ministry's latest report for May 2023 said. According to the report, the expenditure incurred on these projects till May 2023 was Rs 15,23,957.33 crore, which was 52.61 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 607 if delay was .