Page 2 - Infrastructure

Black Box eyes $2 billion revenue in 4 years on rising AI, data demand

Black Box has increased its focus on modular data centres and prefabricated solutions, which are designed to accelerate project timelines and cater to hyperscale needs

Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra

Private sector banks are leading technology adoption, said Michael Debabrata Patra, deputy governor, Reserve Bank of India

Apollo Green Energy prepares for IPO, eyes Rs 10,000 cr portfolio by 2025

Apollo International's renewable energy arm in the EPC sector looks to build its Rs 3,500 crore portfolio before going public in 2025

Genus Power Infrastructures Q2 results: Net profit jumps to Rs 58 cr

Genus Power Infrastructures on Tuesday reported a multifold jump in its standalone net profit of Rs 58.25 crore in the September quarter due to higher income. It had posted Rs 11.02 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 518.28 crore from Rs 268.51 crore a year ago.

Summit Digitel Infrastructure raises Rs 1,000 cr at a coupon rate of 7.58%

Private sector lenders Yes Bank and Axis Bank have subscribed to 30 per cent of the issue size as anchor investors. They are also the arrangers of the issue

India, Saudi to discuss ways to boost cooperation in energy, digital infra

Commerce and Industry Minister Piyush Goyal will discuss ways to increase cooperation with Saudi Arabia in areas like renewable energy, digital infrastructure, and manufacturing during his two-day visit, an official statement said on Monday. The visit to Riyadh will begin from Tuesday. The commerce and industry ministry said Goyal will participate in the Future Investment Initiative (FII) in Riyadh, a crucial platform that brings together global leaders, investors, and innovators. His participation will highlight India's rapid economic growth, its focus on sustainable development, AI, and the immense opportunities in sectors like renewable energy, digital infrastructure, and advanced manufacturing, it said. On the sidelines of the FII, the minister will engage with prominent global investors. "These interactions aim to strengthen investor confidence, facilitate investment flows, and promote India as a preferred global investment destination," it said. He will also hold bilateral

Proper infra, workforce key challenges for logistics industry: Experts

Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary General Deepak Sood said. Besides, the warehousing sector in India is highly fragmented, with many small and unorganised players, leading to inefficiencies, lack of standardisation, and limited scalability, he added. The lack of proper road infrastructure and congestion causing delays impacts the supply chain efficiency, Srikumar Krishnamurthy, Senior Vice President & Co-Group Head - Corporate Ratings, Icra Ltd, said. Some of the near-term headwinds are the inability to increase freight rates amid competitive pressures, an inflationary environment and relatively sticky diesel prices, he noted. BookMyCargo founder JD Yadav said the ...

'India's DPI figures in global conversations around scalable infra'

India's Digital Public Infrastructure (DPI) is now part of global conversations around inclusive and scalable infrastructure, and its blueprint can offer others an opportunity to harness technology for improving the lives of citizens, according to experts. Primus Partners, in association with iSPIRT, organised a DPI roundtable that saw key stakeholders such as senior bureaucrats, diplomats, policymakers, industry leaders and thought leaders discussing India's leadership in advancing DPI and its crucial role in driving socio-economic transformation. Delivering keynote address, G20 Sherpa Amitabh Kant noted India's remarkable leap in becoming the voice of the Global South in DPI, and in achieving in 9 years what would have taken 50 years, otherwise. "This sentiment was echoed during India's G20 Presidency, where countries reached a common consensus that DPIs are essential for equitable development and to improve the lives of citizens, especially in the global south," he said. The fir

Kalyani Developers plans to invest Rs 5,300 cr on housing, hotel projects

Bengaluru-based Kalyani Developers plans to invest around Rs 5,300 crore to develop housing and hospitality projects in South India. In a statement on Thursday, the company announced its foray into the residential segment with three projects planned in North Bengaluru, Whitefield and Kanakapura Main Road. The company is also planning a mixed-use development in Hyderabad. "The overall investment for these projects would be around Rs 4,500 crore over the next two years. The company is also planning Rs 800 crore investment in two hotels comprising 300 rooms each in North Bengaluru," it added. "Over the past three decades, we have established a strong reputation in commercial real estate, hospitality, automobiles (with more than 75 showrooms in Bangalore, Mysore, and Hyderabad), and renewable energy...," A Mohan Raju, Managing Director and CEO, Kalyani Developer, said. The residential segment presents a significant opportunity for the company to leverage this legacy and expertise, he

REPL bags order from TN to prepare master plans for 12 urban local bodies

Rudrabhishek Enterprises Ltd (REPL) has received a work order from the Tamil Nadu government to prepare GIS-based master plans for 12 Urban Local Bodies. REPL is into urban development and infrastructure consultancy. It is listed on the National Stock Exchange (NSE). In a statement on Tuesday, REPL said the Directorate of Town and Country Planning (DTCP), the government of Tamil Nadu, has appointed the company to prepare GIS-based master plans for 12 Urban Local Bodies (ULBs) under AMRUT 2.0 Sub-Scheme. This assignment is aligned with the Tamil Nadu government's strategic focus on fostering planned and sustainable development, leveraging advanced GIS technology to create cities that are more efficient, resilient, and more livable, it added. REPL will conduct a thorough assessment of the existing conditions and identify development trends at the regional level. This involves a comprehensive review and analysis of current development patterns, identifying gaps, potential development,

PM Gati Shakti: A milestone in India's infrastructure development

The achievements of PM Gati Shakti reflect its success in addressing critical infrastructure gaps and streamlining execution across sectors

Goyal launches district master plan under PM GatiShakti for infra planning

Commerce and Industry Minister Piyush Goyal on Tuesday launched a district master plan under the PM GatiShakti initiative for infrastructure planning in 27 aspirational districts of the country. A national master plan portal is there under the initiative for efficient planning and implementation of infrastructure projects. Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months. The minister also launched the guidelines for preparing logistics plans to help cities tailor their logistics planning. He added that the PM GatiShakti is India's offering to the world of tomorrow where over 1,600 layers of data have been accumulated at the central and state levels for faster, better, and cost-effective planning of world class infrastructure. "This is going to be the technology that the world will use for their infra planning in the years to come," he said, adding India's urban planners, architects, engineers, ...

Avaada Energy closes Rs 597 crore refinancing for solar projects

The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund dedicated to refinancing operational infrastructure projects

Initiative aimed at revolutionising infrastructure: PM Modi on GatiShakti

Prime Minister Narendra Modi on Sunday said the PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionising India's infrastructure and is driving faster and more efficient development across sectors. PM GatiShakti National Master Plan (PMGS-NMP) was launched on October 13, 2021 for providing multi-modal connectivity infrastructure to various economic zones. PM GatiShakti is a transformative approach for economic growth and sustainable development which is driven by seven engines - railway, roads, ports, waterways, airports, mass transport and logistics infrastructure. In a post on X, Modi said, "PM GatiShakti National Master Plan has emerged as a transformative initiative aimed at revolutionizing India's infrastructure. It has significantly enhanced multimodal connectivity, driving faster and more efficient development across sectors." The seamless integration of various stakeholders has led to boosting logistics, reducing delays and creat

Afcons Infrastructure likely to opt for Rs 4,000 cr pre-IPO placement

Pre-IPO placements occur after filing the offer document. The amount raised through this route results in a reduction of the IPO size to that extent

Key infra sectors' growth contracts 1.8% in August, shows govt data

The growth in production of eight key infrastructure sectors contracted 1.8 per cent in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday. The growth rate was 6.1 per cent in July. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 13.4 per cent in August 2023. During April-August this fiscal, the output of core sectors rose 4.6 per cent against 8 per cent in the same period last fiscal. The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth.

India, Bhutan to expedite development of cross-border infra projects

India and Bhutan on Friday held discussions to expedite development of certain cross-border infrastructure projects, including setting up of an integrated check post to promote bilateral trade. The issues were deliberated upon in the meeting of Commerce Secretary Sunil Barthwal and Secretary, Ministry of Industry, Commerce and Employment (MoICE) Bhutan Dasho Tashi Wangmo in Thimpu. They co-chaired and decided to expedite the development of cross-border and connectivity infrastructure, including the establishment of an Integrated Check Post in Jaigaon-Phuentsholing and rail links between Kokrajhar-Gelephu and Banarhat-Samatse, the commerce ministry said in a statement. It said that the two secretaries also discussed notification of LCS (land customs station) Jaigaon for import of scrap in India from Bhutan; establishment of border haats along the India-Bhutan border; facilitation of movement of businesspersons; and consideration of import of boulders from Bhutan to India. Besides, .

NBCC secures Rs 75 crore contract for IIIT Nagpur infra expansion

NBCC (India) Ltd has bagged a Rs 75 crore contract to build additional infrastructure at Indian Institute of Information Technology, Nagpur. The company said in a statement on Thursday it has "secured a prestigious project for the construction and development of additional infrastructure at the Indian Institute of Information Technology (IIIT), Nagpur. " With an estimated project cost of Rs 75 crore, this endeavour marks a significant step forward in enhancing the educational facilities at IIIT Nagpur, located approximately 25 kilometres from the city. Following the successful completion of Phase I, which included an Academic Block (G+5), an Admin Block (G+2), a Hostel Block (G+10) and a Residential Block (G+11), the institute is now ready to expand its infrastructure further. The upcoming Phase II will encompass the construction of an Academic Block B, alongside essential external development work and associated electrical and mechanical services. Additionally, the project will .

Mumbai's first underground Metro gears up for partial launch in October

Phase one to run on a 12.44 km long stretch between Aarey Depot and BKC

Adani Energy Solutions valued at $18.5 bn; revenue to grow 20% over 3 years

Adani Energy Solutions Ltd, power transmission utility of the Adani group, is valued at USD 18.5 billion at enterprise level and a strong business growth is likely to propel a 29 per cent compounded growth in its pre-tax profits over the next three years, a report said. AESL has a diversified portfolio that includes transmission assets, distribution assets, and a smart metering business. "With an enterprise value of USD 18.5 billion, we believe AESL to be a very attractive way to play the rapidly expanding energy markets in India," global brokerage Cantor Fitzgerald said, initiating coverage of the company. It believes AESL offers growth unlike any other publicly traded utility/energy company across US, Europe, or Asia. "We forecast total revenue to grow at a CAGR of 20 per cent from FY24 to FY27 and adjusted EBITDA to grow at a CAGR of 28.8 per cent." This compares to peers growing revenue at low single digits and EBITDA at mid-single digits. Stating that it is growing meaningful