Page 4 - Infrastructure Sector

India's core sector output growth slips to nine-month low in August

The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore

Tata Realty to raise Rs 6,000 cr as fresh debt

Govt won't sponsor roads sector InvITs; plans to bring retail investment

InvITs are collective investment vehicles that allow direct investments from individual and institutional investors in infrastructure projects, and give them a small portion of the income in returns

Infra sectors that boost growth

Apply proven policies in telecom and electricity to rev up the economy

Q1 results preview: Strong order book booster for infra, cap goods firms

Sequentially, numbers likely to decline, since June quarter is seasonally weak

Ajmera Realty & Infra Q1 sales bookings jump over 3-fold to Rs 400 crore

Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period. Dhaval Ajmera, Director at Ajmera Realty & Infra India, said, "The company performed exceptionally well during Q1 FY23 on the back of the Ajmera Manhattan launch during April 2022." "Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier, it will be our endeavour to launch new projects in FY23 and take the growth momentum forward," he added. The Mumbai-based company said its sales bookings grew significantly despite headwinds from the introduction of metro cess, higher .

Core sector output at 13-month high in May at 18.1% on capex push

The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal

Infra.market raises Rs 390 crore funding from Liquidity Group's arm

The construction market is a USD 140 billion opportunity, the company said, adding that it will also benefit from the USD 2 trillion national infrastructure pipeline announced by the government

India's core sector output expands at six-month high of 8.4% in April

The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 4.9 per cent in March 2022.

Infra sector growth rises to 4-month high of 5.8% in Feb

The production of the core sectors had declined by 3.3% in February last year while it had grown by 4% in January 2022

Centre infuses Rs 20k cr in NaBFID; BBB invites applications for post of MD

The Banks Board Bureau has also sought applications for the position of managing director of the government-owned development finance institute

Budget 2022: With easy credit, companies to ramp up data centres this year

Infra status for data centres and energy storage systems will give companies access to long-term financing and lower interest costs

Budget 2022-23: Higher allocation in infra sector to fuel economic recovery

Brokerages expect government spending on infrastructure to continue in FY23 with sizeable growth in capital expenditure in roads, highways, railways, defence, and housing sectors

Hard lessons for banks and FIs from a decade of bad infrastructure loans

Loans to the sector became huge NPAs largely due to the practice by lenders of offering unconditional mobilisation advance and time gap between preparation of a DPR and awarding the bid

Budget wishlist: Here are the key challenges in infrastructure sector

Implementation of reforms related to corporatisation of ports needs acceleration

Finmin to start process for appointment of MD, DMDs of Rs 20K-cr NaBFID

Last month, the government appointed veteran banker K V Kamath as the chairperson of the National Bank for Financing Infrastructure and Development (NaBFID) for three years

'US has huge investment surplus that can be used in India's infra sector'

US has huge investment surpluses that can be used in developing infrastructure in India and make it a manufacturing base to help American economy grow, Commerce and Industry Minister Piyush Goyal said

L&T Q1 consolidated net surges four-fold at Rs 1,174 cr on higher revenue

The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year

Reliance Infra raises Rs 550.56 cr via preferential allotment of securities

Reliance Infrastructure had earlier said the funds would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt.

IRB Infra posts 37% drop in fourth quarter profit at Rs 97.45 crore

The firm's expenses stood at Rs 1,474.27 crore, as compared to Rs 1,445.29 crore a year ago.