Page 3 - Infrastructure

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

Adani Group eyes 46.64% stake acquisition in ITD Cementation India

Acquisition in ITD Cementation India would strengthen Adani Group's civil engineering capabilities

IRB InVIT to raise Rs 2,667 crore via term loans to refinance existing debt

Post refinancing, roads SPVs to be free of external debt

Jupiter Wagons to invest Rs 2,500 crore for production capacity expansion

JWL also informed that it has changed the name of its unit Bonatrans India Private to Jupiter Tatravagonka Railwheel Factory

Indoor amusement centres may occupy 11 mn sq ft space by 2028: Report

The entertainment category is increasingly being integrated into initial mall design phases by developers

Affordable health care: Greater policy focus required to strengthen infra

Although public spending on health has increased in recent years, it continues to remain low compared to other countries

Infrastructure, agriculture key focus areas of 100 days of Modi 3.0

The BJP-led NDA government has approved infrastructure projects worth Rs 3 lakh crore, including linking 25,000 unconnected villages to road networks and building a mega port at Wadhawan in Maharashtra, during its first 100 days in office. Besides infrastructure, the focus of the government has also been on agriculture by increasing the minimum support price (MSP) for Kharif crops, removing of minimum export price (MEP) on onions and basmati rice and hiking the duty on the import of crude palm, soybean and sunflower oils. Prime Minister Narendra Modi assumed office for the third consecutive term on June 9 this year. The thrust of the Modi government has been on providing stability on the policy front with a flexible approach to adopt certain changes to remove teething problems without diluting the original concept. A case in point is the Goods and Services Tax which has undergone 140 changes to reduce friction. The government approved the Wadhavan Mega Port in Maharashtra for Rs .

Indian Bank raises Rs 5,000 crore via long-term infrastructure bonds

This strategic move is part of Indian Bank's efforts to mobilise resources for credit growth and refinancing of infrastructure projects

Seven ways to make India's smart cities smarter and more efficient

But overall, the requirements of a significant uptick in manufacturing investments remain an ongoing policy challenge

Freight train derails in southwest Russia due to 'interference': Officials

The accident happened in the Novooskolsky district of the region of the Belgorod region

KKR's Agrawal calls industrial infra 'next big thing' in asset class

Data centers and logistics have been big plays for alternative asset managers in real estate and infrastructure as they look to capitalize on long-term trends

Majority of India need to calibrate infra to mitigate climate impact: ESRI

Over 85 per cent of Indian districts are prone to at least one major climate event like flood, drought, cyclone or heat wave, and they need to calibrate existing infrastructure to mitigate the losses and handle threats arising out of climatic changes, a report by GIS software firm ESRI India and IPE-Global said on Friday. IPE Global, along with GIS software company ESRI India, launched a tool to help local authorities take appropriate action in mitigating the impact of natural calamities, especially floods. "85 per cent of Indian districts are prone to at least one of the major extreme weather patterns, which are floods, flood, drought, cyclone and heat waves. Cities will have to look at ways to manage changes that are happening in climate. Their infrastructure has to go through a revamp so that urban flooding can be minimised," ESRI India Managing Director Agendra Kumar said during the report launch. More than 60 per cent of districts in Bihar, Andhra Pradesh, Odisha Gujarat, ...

MMRDA appoints contractors for projects worth Rs 12,500 cr in Mumbai, Thane

The Mumbai Metropolitan Region Development Authority has appointed contractors for nine infrastructure projects worth Rs 12,500 crore in and around Mumbai, including the extension of the Eastern Freeway up to Thane. In a release on Thursday, MMRDA said that the executive committee of the urban planning body chaired by Maharashtra Chief Secretary Sujata Sainik approved these projects "to alleviate traffic congestion and enhance connectivity". MMRDA prepares plans, formulates policies and programmes, and implements projects, besides helping in directing investments in the Mumbai Metropolitan Region (MMR), which is spread over 6,328 sq km and comprises nine municipal corporations. The projects for which the contractors have been appointed include the Rs 2,727-crore Balkum-Gaimukh Thane Coastal Road that will run for 13.45 km, a creek bridge and a road from Kasarvadavali (Thane) to Kharbao (Bhiwandi) that will cover 3.93 km and come up at Rs 1,525.31 crore. The 12.95-km-long extension

ADIA-backed NIIF to seek $4 bn for infrastructure in largest-ever fundraise

The National Investment & Infrastructure Fund, backed by the Indian government and several global investors, is looking to raise money early next year

China to pitch green tech exports to Africa amid concerns of Western curbs

"That's a big ask for a continent that generally has very poor China literacy."

Dutch firm builds world's strongest crane to handle massive energy infra

The crane, built by heavy lifting firm Mammoet for tens of millions of dollars, is among the latest bets that rising energy consumption will require huge new equipment for years to come

Air defence, infrastructure protection Ukraine's priorities: Zelenskyy

He added, We are also working with our partners on front-line supplies--not just weapons and ammunition, but also strength with long-range impact

Uttarakhand CM Dhami launches schemes over Rs 30 cr ahead of Raksha Bandhan

According to an official release, "Chief Minister Dhami inaugurated 13 schemes worth Rs 2510.95 lakh and the foundation stone laying of 13 schemes worth Rs 1465.90 lakh."

Ramky Infrastructure Q1 results: Net profit declines 33% to Rs 71 cr

Ramky Infrastructure Ltd has reported a 32.6 per cent decline in consolidated profit after tax (PAT) to Rs 70.9 crore for the April-June quarter of this fiscal compared to Rs 105.2 crore in the year-ago period, according to a statement. Revenue from operations rose to Rs 569.1 crore in the first quarter of 2024-25 from Rs 556.7 crore in the year-ago period. "Our financial performance in Q1 FY 2024-25 underscores the strength of our fiscal discipline and strategic foresight. Despite the seasonal economic headwinds, we have maintained a healthy growth trajectory, with significant improvements in our core financial metrics when adjusted for last year's one-time gain," Ramky Group CFO N S Rao said in the statement. "We remain committed to optimizing our capital structure and enhancing shareholder value as we continue to drive sustainable growth," Rao said. The Ramky Group company has completed a wide range of construction and infrastructure projects focusing on industrial infrastructur

IRB Infrastructure Q1FY25 results: Toll collection grew 32%, PAT rises 5%

The company reported a toll collection worth Rs 1,556 crore for the first quarter of the ongoing financial year