Infra Sector

Udayshivakumar Infra IPO opens today: Check GMP, other key details here

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31

Union Budget 2023-24: Growth pragmatism over populism

The infrastructure sector got the lion's share of the capex bazooka, which will have a significant multiplier effect on economic growth

Budget 2023 to increase capex for infra projects for growth: Experts

From giving a boost to capex spending for the infrastructure sector to focusing on urban development schemes, here are the expectations of the experts for infrastructure sector from Union Budget 2023

G20 mulls converting its global infra hub into a multilateral body

Currently, the GIH's work is limited to acting as a knowledge sharing hub, to produce data and insights that inform policy and infrastructure delivery

386 infrastructure projects show cost overruns of Rs 4.7 trillion

As many as 386 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.7 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,505 projects, 386 reported cost overruns and as many as 661 projects were delayed. "Total original cost of implementation of the 1505 projects was Rs 21,21,793.23 crore and their anticipated completion cost is likely to be Rs 25,92,537.79 crore, which reflects overall cost overruns of Rs 4,70,744.56 crore (22.19% of original cost)," the ministry's latest report for July 2022 said. According to the report, the expenditure incurred on these projects till July 2022 was Rs 13,50,275.69 crore, or 52.08 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 511 if delay is calculated on the basis of the latest schedule of ...

Sagar Cements tanks 12%, hits 52-week low on growth concerns

The geopolitical tensions between Russia and Ukraine have resulted in sharp increase in pet coke and coal prices, thereby, denting overall profitability of the business.

J Kumar Infra gains 3%, hits 52-week high on solid Q4 results

In the past three months, the stock zoomed 55 per cent, as against 1 per cent decline in the S&P BSE Sensex.

Cement prices may fall after excise duty cut on fuel, helping infra sector

Shree Cement says will take a cut of Rs 5 per bag and other companies are expected to decide soon.

Top headlines: Telcos slam Trai, Rs 1,900 cr deficit may hit infra projects

Business Standard brings you top headlines on Wednesday

JSW Infra plans Rs 10k-cr capex by 2025, including investment in logistics

Capex will also include investment in logistics to better hinterland connectivity

Sensex rallies for 3rd day, gains 145 pts; Nifty ends at 16,563; RIL up 1%

The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.

L&T's Q4 revenue expected to grow on the back of higher execution

Rising commodity prices may weigh on profitability

Investors should be careful while subscribing to IPOs: Deepak Jasani

The large liquidity sloshing around and the listing gains of past IPOs are the key reasons for the IPO market doing well

Atmanirbhar campaign in sync with globalisation, PM tells MNC heads

Says India to soon supply two vaccines to the world, many more will come, going forward

FinMin proposes DFI tag for IIFCL to support long term financial needs

IIFCL is a government-owned entity, which is registered as a non-deposit accepting loan company with the Reserve Bank of India.

Banks may recast Rs 2-trillion loans, says SBI chairman Rajnish Kumar

India Ratings had earlier said banks may have to restructure loans worth Rs 8.4 trillion

400 infra projects' show over Rs 4 trillion overrun due to delays

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above

Credit flow to Infra sector remains muted at Rs 21.2 trn in Apr-Sep: Report

The infrastructure credit had witnessed a 19% growth in FY19 to Rs 21.1 trillion

Finance Ministry to come up with a list of 6,000 NIP infra projects soon

Data to explain why private sector investment is estimated to be low

India considers investing $1.39 trn in infrastructure to spur economy

Nirmala Sitharaman's comments, as cited in local newspapers, followed data released on Friday that showed India's economic growth slowed to 4.5 per cent in the July-September quarter