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Infrastructure

Infra needs Rs 15 trn annual outlay for 'Viksit Bharat' goal: Mandaviya

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 ...

Infra needs Rs 15 trn annual outlay for 'Viksit Bharat' goal: Mandaviya
Updated On : 20 Jan 2025 | 4:24 PM IST

Infra outlays: Key expectations from the Union Budget allocations

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

Infra outlays: Key expectations from the Union Budget allocations
Updated On : 16 Jan 2025 | 11:24 PM IST

RIIL Q3FY25 results: Net profit drops 24% to Rs 2.74 cr, revenue falls 9.4%

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.

RIIL Q3FY25 results: Net profit drops 24% to Rs 2.74 cr, revenue falls 9.4%
Updated On : 15 Jan 2025 | 8:55 PM IST

Dharavi redevelopment project to transform realty in nearby areas too

Developers banking on its strategic location and improved connectivity

Dharavi redevelopment project to transform realty in nearby areas too
Updated On : 15 Jan 2025 | 12:44 AM IST

Seizing 'winds of opportunity', Railways explores turbines along tracks

Experts raise concerns over logistics, safety risks

Seizing 'winds of opportunity', Railways explores turbines along tracks
Updated On : 14 Jan 2025 | 11:35 PM IST

Empowering startups through policy support, infrastructure development

We in CII are committed to championing initiatives that align with the vision of Startup India - driving innovation, creating jobs, and fostering economic growth

Empowering startups through policy support, infrastructure development
Updated On : 14 Jan 2025 | 10:37 PM IST

PM Narendra Modi inaugurates Rs 2,700 crore Z-Morh tunnel in J&K

Project will provide all-weather connectivity between Srinagar and Leh

PM Narendra Modi inaugurates Rs 2,700 crore Z-Morh tunnel in J&K
Updated On : 13 Jan 2025 | 10:28 PM IST

Delhi looks little different since 2010: AAP must share some of the blame

AAP has failed as comprehensively as the anti-corruption movement did

Delhi looks little different since 2010: AAP must share some of the blame
Updated On : 10 Jan 2025 | 11:39 PM IST

Beyond Snack raises $8.3 million in series A round for expansion efforts

The fresh funds will be used for expansion into new territories, product innovation, and strengthening its supply chain infrastructure

Beyond Snack raises $8.3 million in series A round for expansion efforts
Updated On : 09 Jan 2025 | 12:51 PM IST

Ajmera Realty & Infra sale bookings rise 7% to Rs 270 cr in Dec quarter

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 ...

Ajmera Realty & Infra sale bookings rise 7% to Rs 270 cr in Dec quarter
Updated On : 09 Jan 2025 | 11:58 AM IST

L&T bags significant orders worth Rs 1K-25K cr in Q3FY25 in India, overseas

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 ...

L&T bags significant orders worth Rs 1K-25K cr in Q3FY25 in India, overseas
Updated On : 08 Jan 2025 | 1:57 PM IST

FinMin wants banks, NBFCs to join hands to fund large infra projects

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

FinMin wants banks, NBFCs to join hands to fund large infra projects
Updated On : 06 Jan 2025 | 10:52 PM IST

Leaked files show Russia's military preparedness against Japan, South Korea

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

Leaked files show Russia's military preparedness against Japan, South Korea
Updated On : 03 Jan 2025 | 11:58 AM IST

Diljit Dosanjh's concerts a wake-up call: Is India ready for mega events?

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

Diljit Dosanjh's concerts a wake-up call: Is India ready for mega events?
Updated On : 03 Jan 2025 | 11:04 AM IST

Capital Infra Trust InvIT's IPO to open on Jan 7, plans future acquisitions

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

Capital Infra Trust InvIT's IPO to open on Jan 7, plans future acquisitions
Updated On : 02 Jan 2025 | 8:28 PM IST

New govt infrastructure projects down by over 20% in December quarter

Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019

New govt infrastructure projects down by over 20% in December quarter
Updated On : 02 Jan 2025 | 12:32 AM IST

Auto sales shake off pandemic blues, hit record high of 26.1 mn units

Industry expects 2025 growth across segments in low to mid-single digits

Auto sales shake off pandemic blues, hit record high of 26.1 mn units
Updated On : 02 Jan 2025 | 12:22 AM IST

Ken-Betwa river project: Balancing development with ecological concerns

India's ambitious river-linking plan faces criticism for environmental and human costs

Ken-Betwa river project: Balancing development with ecological concerns
Updated On : 31 Dec 2024 | 9:44 PM IST

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT

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

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT
Updated On : 31 Dec 2024 | 6:57 PM IST

IIMC boosts academic, training ecosystem with Rs 200 crore infra push

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 ...

IIMC boosts academic, training ecosystem with Rs 200 crore infra push
Updated On : 31 Dec 2024 | 3:55 PM IST