Page 4 - Infrastructure

80 projects worth Rs 406 crore completed under AMRUT Mission in J&K

The objective of the project was to develop infrastructure within cities such as water supply, security, drainage, green spaces, parks and non-motorised urban transport

ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects

The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore

ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales

ICICI likely to issue long-term bonds, Axis mulls infra bond sale

Infra recognition key point in FBIL spat with regulators abroad: RBI Dy Guv

RBI in talks with ESMA, BoE on CCIL de-recognition, says will find resolution

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield

Sonear Industries to set up 2 units in Haryana, UP for about Rs 150 cr

Company that provides interior design solutions entering laminated boards business

India needs 1,000+ pilots annually, but training infra in short supply

Given the growth in the aviation sector it is expected that India is likely to require over 1,000 pilots per annum over the next five years

FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday

Finance Minister Nirmala Sitharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets. She will also be meeting the representatives of services sector and trade bodies, besides experts from social sector, including health, education, water and sanitation, on November 24. The pre-budget meetings with the trade union representatives and economists are scheduled for November 28. The participants will give suggestions on the 2023-24 Budget which will be presented in Parliament by the Finance Minister on February 1. Sources said climate change would

Future strategy must be to prioritise energy-efficient infrastructure: Puri

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Tuesday said the strategy for the future must be to prioritise sustainable and energy-efficient infrastructure to advance the pace of development. Speaking at the 63rd foundation day of the National Buildings Construction Corporation (NBCC), Puri said the company has made a name for itself as a trusted partner of the government to resolve difficult projects such as the stalled Amrapali project in Noida. Looking forward to Prime Minister Narendra Modi's vision of 'India@100' in this 'Amrit Kaal' of India's development, it is imperative that organisations such as NBCC adopt the latest construction standards to create sustainable and inclusive infrastructure, Puri said in a statement. Founded in 1960 as the government's civil engineering enterprise, NBCC with its headquarters in Delhi celebrated its foundation day, the ministry said, adding that HUA secretary Manoj Joshi and other senior officials were present at the ...

FM Nirmala Sitharaman reviews progress of National Monetisation Pipeline

Finance Minister Nirmala Sitharaman on Monday reviewed the progress of the National Monetisation Pipeline (NMP) in a meeting here with top officials from various ministries and NITI Aayog. The finance minister in August last year had announced a Rs 6 lakh crore NMP aimed to unlock value in infrastructure assets across sectors ranging from power to road and railways. "Union Finance Minister Smt. @nsitharaman chairs the meeting to review the progress of National Monetisation Pipeline #NMP, in New Delhi, today," the finance ministry said in a tweet. The aggregate asset pipeline under NMP over the four-year period is indicatively valued at Rs 6 lakh crore. The estimated value corresponds to 14 per cent of the proposed outlay for the Centre under the National Infrastructure Pipeline (Rs 43 lakh crore). The meeting was attended by Finance Secretary; CEO @NITIAayog; Secys of DEA; DoR;@DPE_GoI; @tourismgoi; @PetroleumMin; @DoT_India; @MinOfPower; @fooddeptgoi; @MoCA_GoI; @shipmin_india; ..

Tata Projects consortium served termination notice over 'intolerable' delay

Move over 'inordinate delay' in executing crucial stretch of Western DFC

Going forward, IOB will be posting very good results: MD & CEO Sengupta

'It has been in the range of 20-30 per cent in almost every quarter'

Empowering Gati Shakti

Done the right way, the smart platform for infrastructure planning and execution could lead to tremendous productivity benefits

Contractors who repaired Morbi bridge unqualified: Prosecution tells court

The contractors who carried out repairs of the ill-fated suspension bridge at Morbi in Gujarat were not qualified to carry out such jobs, the prosecution told a court here. While the bridge flooring was replaced, its cable was not replaced and it could not take the weight of the changed flooring, the prosecution, citing a forensic report, told the magistrate's court on Tuesday. The collapse of the bridge on Sunday evening claimed 135 lives. Chief Judicial Magistrate M J Khan remanded four of the arrested accused -- two managers of the OREVA Group and two sub-contractors who had repaired the bridge -- in police custody till Saturday. The court remanded five other arrested men, including security guards and ticket booking clerks, in judicial custody as police did not seek their custody, prosecutor H S Panchal said. Police had on Monday booked nine persons under Indian Penal Code Section 304 (culpable homicide not amounting to murder). The four accused remanded in police custody wer

Housing, connected infra necessary for planned development of cities: UP CM

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday reviewed the state's new township policy and said housing and connected infrastructure is necessary for planned and sustainable development of cities. In the last five-and-a-half years, planned urbanisation has increased at a rapid pace in the state and this should be further encouraged keeping in view the future needs, an official release quoting the chief minister said. To make the availability of land easy to investors, it is necessary to simplify the process of land mobilisation. The process of land use change too should be simplified, he said and called for a single-window system for various approvals and clearances. It is the endeavour of the state government to ensure that every family gets accommodation, he said. Adityanath asked the officials to ensure that the interests of farmers, landowners, and customers be guarded. While approving a project, the time limit for its completion should also be fixed, he said. The ch

384 infrastructural projects show cost overruns of Rs 4.52 trillion

As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.52 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 1,529 projects, 384 reported cost overruns and as many as 662 projects were delayed. "Total original cost of implementation of the 1529 projects was Rs 21,25,851.67 crore and their anticipated completion cost is likely to be Rs 25,78,197.18 crore, which reflects overall cost overruns of Rs 4,52,345.51crore (21.28% of original cost)," the ministry's latest report for September 2022 said. According to the report, the expenditure incurred on these projects till September 2022 was Rs 13,78,142.29 crore, or 53.45 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 531 if delay is calculated on the basis of latest schedule o

Cement cos regain pricing power as demand improves from infra, construction

Cost pressures a concern, though, as crude, currency volatility remain

Tata Power hit by cyber attack, says critical systems functioning

The company did not divulge which systems were impacted

Carry out relief work on priority in flood-hit areas: Karnataka CM Bommai

The Deputy Commissioners were asked to make field visits and ensure proper recording of damages and distribution of compensation by the tehsildars

One year of PM-GatiShakti: National masterplan drives infra projects

It is helping identify high-congestion stretches along national highways and railway tracks, offering time-bound solutions and even ensuring more schools in unserved villages.