Union Minister Mansukh Mandaviya on Monday said the government's infrastructure investment budget should be Rs 15 lakh crore per annum, against Rs 11.5 lakh crore at present, for the next 25 years to achieve 'Viksit Bharat @2047' and social security for all. This assumes significance in view of India's 100 years of independence in 2047 and the government's goal of 'Viksit Bharat@2047'. Addressing the inaugural of ISSA-ESIC International Seminar 'Formalization & Social Security Coverage for Workers in the Informal Sector Challenges & Innovation', Mandaviya stated that the infrastructure investment budget was Rs 1.2 lakh crore in 2012 and this budget was Rs 2.4 lakh crore in 2014 under the Narendra Modi-led government. "In 2024, the budget has been pegged at Rs 11.5 lakh crore. We have to take it to Rs 15 lakh crore. When the government will invest Rs 15 lakh crore on infrastructure for the next 25 years, only then India will become a developed country (by 2047)," he said. He ...
l The CMIE data also points to a worrying 57.1 per cent year-on-year decline in the value of government projects completed and a 40 per cent decline in that of the private sector
Reliance Industrial Infrastructure Ltd on Wednesday reported a 24 per cent decline in its third-quarter net profit as lower utilisation of infrastructure assets led to a fall in revenue. Consolidated net profit in October-December - the third quarter of April 2024 to March 2025 (FY25) fiscal - fell to Rs 2.74 crore from Rs 3.62 crore a year back, the company said in a statement. Its revenue fell 9.4 per cent to Rs 18.60 crore from Rs 20.52 crore in October-December 2023. This was "on account of lower utilisation of infrastructure assets," the statement said. "The company continues to provide infrastructure support services, which include transportation of petroleum products and raw water through pipelines and other support services mainly to Reliance Industries Limited," it said. "The company presently does not have any expansion plans on the anvil.
Developers banking on its strategic location and improved connectivity
Experts raise concerns over logistics, safety risks
We in CII are committed to championing initiatives that align with the vision of Startup India - driving innovation, creating jobs, and fostering economic growth
Project will provide all-weather connectivity between Srinagar and Leh
AAP has failed as comprehensively as the anti-corruption movement did
The fresh funds will be used for expansion into new territories, product innovation, and strengthening its supply chain infrastructure
Ajmera Realty & Infra India Ltd on Thursday reported a 7 per cent growth in sale bookings to Rs 270 crore in the December quarter on better housing demand. Its sale bookings or pre-sales stood at Rs 253 crore in the year-ago period. During the April-Decrmber period of 2024-25 fiscal, the company's sale bookings were up 14 per cent to Rs 830 crore from Rs 730 crore in the corresponding period of the preceding year, according to a regulatory filing. Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, the company delivered a steady performance in December quarter, with sales driven by recently launched portfolio and limited inventory availability across projects. "The launched portfolio velocity contributed over 40 per cent to our sales during the nine-month period, demonstrating our ability to align with market expectations," he said. Looking ahead, Dhaval Ajmera said the company is optimistic about launching new projects in the upcoming quarter. "The company is ...
Infrastructure major Larsen & Toubro (L&T) on Wednesday said its heavy engineering arm has bagged significant orders in the third quarter in the domestic market and abroad. Orders in the range of Rs 1,000 crore to Rs 2,500 crore range are classified as 'significant' by the company. In the overseas market, it secured an order for LNG equipment for a project in the USA, L&T said in a filing to BSE. The business also secured a breakthrough order for a loop reactor in a Propane Dehydrogenation (PDH) Polypropylene (PP) Plant in Turkey. Further, the business has secured a repeat order from a leading oil and gas customer in Saudi Arabia for a Fluid Catalytic Cracking Unit revamp project. The business has then bagged an order from a client in Kuwait. This is for the supply of critical components for hydrocracker reactors and high-pressure heat exchangers. In the domestic market, the company has bagged projects for three urea reactors from Southern Petrochemical Industries ...
So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years
Leaked documents reveal Russia's military strategy to address its concerns over eastern borders in a potential NATO conflict. This is due to the potential involvement of US assets and regional allies
Diljit Dosanjh announced that he won't perform in Chandigarh again until there is better infrastructure, highlighting event management and infrastructure woes seen in Delhi and other cities as well
For its initial portfolio, the trust will acquire, manage, and invest in nine completed and revenue-generating initial portfolio assets, aggregating approximately 682.43 km
Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019
Industry expects 2025 growth across segments in low to mid-single digits
India's ambitious river-linking plan faces criticism for environmental and human costs
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
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 ...