Infrastructure sector News

Rapid infrastructure development driven by nodal authorities is fuelling the growth of satellite townships across the country, said the Colliers report.

The union budget 2022-23 is just round the corner. Let's hear what the experts from the Infrastructure industry have to say about it

What will the budget of 2022 hold for the infrastructure sector and what are the expectations of those in this sector?

According to TeamLease Services biannual 'Employment Outlook' report for April-September FY20, these industries will witness a 2 percent increase in net employment.

The Reserve Bank on Thursday allowed banks to invest in Real Estate Investment Trust (REITs) and Infrastructure Investment Trusts (InvITs), a move that will help revive the cash-starved infrastructure sector.

Infrastructure sector recorded a growth rate of 6.6 percent in October -- the highest in last six months -- on the back of impressive performance by steel and refinery products.

The CCEA chaired by Prime Minister Narendra Modi have given green signal the massive line expansion programme that involves track construction of a total length of 1937.38 km at an estimated cost of Rs 24,374.86 crore.

The government on Wednesday unveiled two key policy initiatives to revive the infrastructure sector, which include compensating developers in case of delays in highway projects and empowering the ministry concerned to okay projects with civil construction cost of up to Rs 1,000 crore.

The Finance Ministry has called a meeting on Monday to discuss with stakeholders various regulatory and financing issues facing the infrastructure sector in the country.

Infrastructure sector growth slowed to 3-month low of 1.1 in July as output of crude oil, natural gas and steel contracted, making a case for a further rate cut by the Reserve Bank.

To bring in a cogency of approach across various sectors in infrastructure, the government is formulating a Regulatory Reform Law, Parliament was informed on Friday.

Shares of the company closed at Rs 19.90 apiece on BSE, up 0.51% from previous close.

Concerned over rising bad loans in the infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks on April 28 to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.

Property consultant JLL India on Monday said it has formed a separate vertical to provide services to the infrastructure sector.

Government on Tuesday approved amendments to the Public Private Partnerships (PPP) guidelines to enhance financial support to projects in infrastructure sector.

In order to help mobilise money from the capital market for infrastructure sector, brokers' grouping ANMI has said the government should set up a dedicated fund for such projects and provide tax incentives on investments.

The meeting was told that no power plant today faces shortage of coal as issues regarding the fuel supply to the plants have been resolved.

The government estimates the country needs to spend $800 billion on infrastructure to grow 7 percent per annum.

As many as 295 infrastructure sector projects worth Rs 150 crore or more are delayed with total cost overrun of Rs 1,01,436 crore, Parliament was informed Thursday.

Prime Minister Narendra Modi will review the performance of key infrastructure sectors, including coal and power, in achieving targets at a meeting early next month.