Page 3 - India's Infrastructure

AM/NS India to acquire infra assets from Essar Group for $2.4 billion

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

India on the verge of capex recovery in coming years: Prabhudas Lilladher

The FY23 budget has increased the capex plans of the Centre by 10.6 per cent to Rs 12.2 trillion

L&T Group aims Rs 2.7 trillion revenue by FY26: Chairman A M Naik

Infrastructure major Larsen and Toubro (L&T) Group is targeting Rs 2.7 lakh crore revenue by financial year 2025-26, its Chairman A M Naik said on Thursday. "We are targeting group revenues of Rs 2,70,000 crore...by FY26. The group recorded revenues of Rs 1,56,521 crore during FY 2021-22, registering a growth of 15 per cent," he said at the company's 77th Annual General Meeting (AGM). As of March 31, 2022, the company's order book was at Rs 3,57,595 crore. Currently, the Middle East constitutes 76 per cent of the international order book of Rs 95,227 crore. In 2021-22, profit after tax was Rs 8,572 crore, a year-on-year (y-o-y) growth of 23 per cent. Naik said the company has also launched 'Lakshya 2026' plan which includes exit from non-core businesses, developing innovative business offerings, scaling up digital and e-commerce businesses, focus on Environmental, Social, and Governance (ESG) and shareholder value creation. The Rs 2,70,000-crore revenue target is also a part of ..

NHAI debt stands at Rs 3.49 trillion: Nitin Gadkari informs Parliament

Nitin Gadkari said the fund required by NHAI for debt servicing in 2022-23, 2023-24 and 2024-25 will be Rs 31,282 crore, Rs 31,909 crore and Rs 30,552 crore, respectively

India at 75: The Constitution hasn't worked well in at least 105 ways

While the Constitution has worked well to preserve our rights and institutions, it hasn't worked well at all in at least 105 ways because it has been amended that many times

Links between infra & growth

It's hard to argue that infrastructure is now the binding constraint

Cabinet pulls up infra ministries to expedite port connectivity projects

Cabinet Secretary Rajiv Gauba also asked the ministries to finalise a comprehensive action plan in coordination with DPIIT and integrate it with PM Gati-Shakti framework by Aug 15

Low inflation, higher infra investment key for spurring growth: RBI article

Improving infra, ensuring low and stable inflation, and maintaining macroeconomic stability are critical for reviving animal spirits and spurring growth, says an article published in RBI bulletin

Push to Gatishakti: Centre firms up screening of public-funded projects

To ensure these have logistics & infrastructure connectivity, before it receives Cabinet nod

Reform reversal

States should not go back on pensions

Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

IFCI approves allotment of preferential shares to govt to raise Rs 100 cr

The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing

Need to bridge global infra funding gap: FM Sitharaman at G20 meet

Finance Minister Nirmala Sitharaman on Friday emphasised the need for bridging the infrastructure funding gap and developing innovative financing mechanisms for an inclusive growth in the sector.

Budget push for infra should make Indian cities resilient to climate change

In her budget speech, finance minister Nirmala Sitharaman asked 'to nurture megacities and their hinterlands so that they become current centres of economic growth'

Budget 2022: 'Push to infra to have multiplier effect on core sectors'

This is likely to have a multiplier effect on the core sector industries like steel and cement, and in turn give a to boost the domestic refractory industry, IRMA said in a statement

Budget 2022 expectations: Infra boost to bring Atma Nirbharta, says industry

Infrastructure is the backbone of a modern economy. Take a look at what the infrastructure sector expects from Union Budget 2022

Gadkari calls for cooperation between Centre, states for infra development

Nitin Gadkari on Monday called for cooperation between Central and state governments for infrastructure development in the country

144 central infra projects had delays in FY22; cost overrun at Rs 14,960 cr

Statistics Minister Rao Inderjit Singh informed Parliament

Infra development in J&K got big push post abrogation of Article 370: LG

Infrastructure development in Jammu and Kashmir got a big push after the abrogation of Article 370 due to the dynamic leadership of Prime Minister Narendra Modi, Lt Governor Manoj Sinha said on Wednesday. Sinha was speaking at a function where Union Minister of Road Transport and Highways Nitin Gadkari laid the foundation stone of 25 National Highway projects worth Rs 11,721 crore in Jammu and Kashmir. After 2014 and especially after the abrogation of Article 370, the execution of new roads, tunnels and other basic Infrastructure has gained momentum to ensure the overall development of J&K under the dynamic leadership of Narendra Modi," Sinha said. The LG noted that the speed of construction of new roads across Jammu and Kashmir has increased under the guidance of Gadkari. Noting that roads are now being built at twice the speed as before, the Lt Governor said there has been a radical change in its progress under Pradhan Mantri Gram Sadak Yojana. "Last year, 2,402 km of roads were

Nearly 65% of infrastructure projects delayed by Covid-induced lockdowns

Of these projects, 438 reported cost overruns and 218 had both time and cost overruns, showed a flash report on central sector projects released by MoSPI