Page 2 - Infrastructure Projects

New home prices in China decline at fastest pace in nearly 10 years

In annual terms, new home prices were down 3.9% from a year earlier, compared with a 3.1% slide in April

Modi 3.0: Continued capex push for infra, bullet train among priorities

The new railway minister will oversee the execution of several important initiatives in the Centre's 100-day agenda planned before the elections

Domestic commercial vehicle sales likely to dip 4-7% in FY25: ICRA

In February 2024, the industry saw a slight 0.7 per cent year-on-year decline in wholesale volumes, although it managed a 5.1 per cent sequential growth

Market regulator Sebi specifies norms on subordinate units in InvITs

These units will be issued to sponsors or associates upon acquisition of an infrastructure project. Just like mutual funds, which are pooled investments, InvITs too issue units

Vulnerable population: Rising heat on public health infrastructure

Heat preparedness Measures for health care sector

RBI's draft project funding norms may create funding challenge: CareEdge

Reducing debt by 20% is seen as positive for demand-based projects, lowering risks from large repayments and refinancing

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,

Spectrum sharing, leasing should be allowed for better efficiency: Trai

For more efficient utilisation of the scarce spectrum, Trai has recommended that spectrum leasing and inter-band spectrum sharing also be permitted

Engineering insurance premium doubles in 4 years on infrastructure push

Partly aided by premium rates that up by 10-15% since FY20

UNGA Prez Francis lauds digitalisation, infrastructure investment in India

UN General Assembly President Dennis Francis has lauded India's use of digitalisation that has helped achieve financial inclusion and poverty reduction, underlining that this gives the country a comparative advantage and its lessons can be shared with the global community. Let me say first of all that since I've been to India, every time I think of India, I think Incredible India'. And I mean this in all earnest .And I saw it when I was there. The specific example to which I can refer is India's use of digitalisation, Francis, President of the 78th session of the UN General Assembly, told PTI in an exclusive interview here. He referred to the country's tourism tagline of 'Incredible India.' Francis was in India from January 22-26 this year on an official visit, during which he held a bilateral meeting with External Affairs Minister S Jaishankar in New Delhi and also travelled to Jaipur and Mumbai. During the visit, his interactions with government officials, civil society members a

443 infrastructure projects hit by cost overrun of Rs 4.92 trillion in Feb

As many as 443 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 4.92 lakh crore in February 2024, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,902 projects, 443 reported cost overruns and 764 projects were delayed. "Total original cost of implementation of the 1,902 projects was Rs 27,08,030.44 crore, and their anticipated completion cost is likely to be Rs 32,00,507.55 crore, which reflects overall cost overruns of Rs 4,92,477.11 crore (18.19 per cent of original cost)," the ministry's latest report for February 2024 said. According to the report, the expenditure incurred on these projects till February 2024 is Rs 16,76,739 crore, which is 52.39 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 568 if the delay is ...

PM Modi pledges $15 bn spending splurge as Lok Sabha elections near

Modi's spending projects come days before the election announcement, after which he will not be not be allowed to try to pull in voters with big schemes

PM Modi unveil projects worth Rs 41,000 crore for Indian Railways

The Amrit Bharat stations, spanning 27 states and Union Territories, will undergo redevelopment at a budget exceeding Rs 19,000 crore

431 infra projects hit by cost overrun of Rs 4.80 trn in Jan, says Mospi

As many as 431 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by cost overrun of more than Rs 4.80 lakh crore in January 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 1,821 projects, 431 reported cost overrun and 780 projects were delayed. " Total original cost of implementation of the 1,821 projects was Rs 26,09,679.38 crore and their anticipated completion cost is likely to be Rs 30,90,135.99 crore, which reflects overall cost overruns of Rs 4,80,456.61 crore (18.41 per cent of original cost)," the ministry's latest report for January 2024 said. According to the report, the expenditure incurred on these projects till January 2024 is Rs 16,43,821.69 crore, which is 53.20 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreases to 583 if delay is ..

PM Modi to inaugurate Rs 600 cr-worth First Mile Connectivity projects

The First Mile Connectivity projects aim to reduce reliance on coal transportation via roads, thereby mitigating traffic congestion, road accidents, and environmental impact

The mystery of Rs 8-trn gap between dropped, completed projects in capex

Govt's contribution in the trend is now trending higher than the private sector's

Expected Infrastructure push sets South India's cement market in motion

Industry majors and analysts expect the rise in overall infrastructure capital outlay in the Interim Budget to Rs 11.11 trillion in 2024-25

Infrastructure major L&T bags 'significant' orders in Middle East

Infrastructure major Larsen & Toubro (L&T) on Tuesday said that its hydrocarbon division has bagged "significant orders" from a client in the Middle East. The company did not disclose the order value. However, according to its classification, significant orders value in the range of Rs 1,000 crore to Rs 2,500 crore. "The Hydrocarbon vertical, L&T Energy Hydrocarbon (LTEH) of Larsen & Toubro (L&T), has secured an onshore order and an offshore order from a prestigious client in the Middle East," the infrastructure major said in a stock exchange filing. The scope of work for the onshore order comprises engineering, procurement and construction of an enclosed ground-flare system and demolition of existing facilities, reducing flame and smoke visibility to the nearby ongoing large-scale residential developments. The offshore order involves mainly brownfield work including upgradation of shutdown systems in existing offshore platforms. Larsen & Toubro is a USD 23 ...

NDA removed supply hitch, created infra: White Paper on Indian economy

Cites transparent allocation of public resources as a catalyst for public welfare

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