In a significant step towards promoting sustainable infrastructure, the government-owned financial institution IIFCL unveiled its Climate Strategy 2030 document during the Vigilance Meet held on October 30 in New Delhi. The document was released in the presence of Dr. PR Jaishankar, Managing Director, IIFCL, with AS Rajeev, Vigilance Commissioner, Central Vigilance Commission, as the Chief...
Category: ECONOMY & POLICY
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REC Reports Record Half-Yearly Profit of ₹74.48 Billion
Power projects financier REC reported an 11 per cent growth in profitability for the first half of FY2025, with net profit rising to ₹74.48 billion from ₹67.34 billion in the previous fiscal year. REC’s operational revenue appreciated by 18 per cent to ₹265.94 billion compared to ₹225.52 billion in the same period last year. Growth...
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RAHSTA to submit policy recommendations to NHAI
RASHTA Expo 2024 and 10th India Construction Festival (ICF) receive grand reception from infrastructure industry 10th India Construction Festival 2024 awards over 75 companies from infrastructure industry At the 14th RAHSTA Expo – India’s first indoor trade fair for the construction equipment technology – more than 100 companies showcase their latest technologies, products and solutions...
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Are Projects facing a 90 percent barrier?
How come we manage to plan such that we always have projects that are 90% complete questions PRATAP PADODE, Founder & President, FIRST Construction Council We know that we lose nearly Rs 1 trillion a year on account of delays in projects. But keeping mega projects lingering on and on is a complete financial disaster. As...
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NBCC sells office/commercial space worth Rs. 14,800 Crore approx
Sold 100% office space at WTC, Nauroji Nagar, New Delhi valuing 13,408.7 Crore Sold 100% retail and commercial space at Downtown, Sarojini Nagar, New Delhi valuing 1,390.92 Crore. NBCC (India) Limited, a leading public sector enterprise renowned for its expertise in construction, engineering, and project management, proudly announces the remarkable achievement of selling 100% of...
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Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Delhi, July 2024 – Leading infrastructure experts are set to gather in Delhi for the highly anticipated Infrastructure Today Conclave, scheduled on July 18-19, 2024. The event will bring together industry stalwarts, policymakers, and thought leaders to discuss the ambitious vision of ‘Viksit Bharat’ or Developed India by 2047, focusing on transforming India’s infrastructure landscape...
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Land Pooling Sinks under Flip Flops!
Did you know that 66% of the litigation in India is land or property related? PRATAP PADODE, Founder, FIRST Construction Council sheds light on one BIG risk that is holding private capital back from making commitments Land and property deals mean that big money is involved. However, try visiting a land or property registration office...
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We want to backward integrate to the maximum: TRSL
Creating a self-reliant railway ecosystem is intrinsic to realising the vision for a New India by 2047 (popularly referred to as ‘Amrit Kaal’), says Prithish Chowdhary, Deputy MD, Titagarh Rail Systems Ltd (TRSL). Speaking to Manish Pant after registering a 64 per cent surge in net profits and 11.4 per cent growth in EBITDA margin in 4QFY24, Chowdhary said...
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Embrace emerging financing architecture: IIFCL MD
As the relay financing framework slowly takes hold in infrastructure financing, the government-owned Indian Infrastructure Finance Co. Ltd (IIFCL) is busy prepping to support megaprojects, Dr. Padmanabhan Raja Jaishankar, MD tells Manish Pant. Alternate Investment Financing (AIF) to source funds from international investors is already being rolled out. Jaishankar is also optimistic that given the significant stress...
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Proposed RBI norms are positive for the industry: CRISIL
While the overall cost of financing may go up, several aspects of the central bank proposals on provisioning norms can help ramp up the overall infrastructure buildout in the country as we advance, says Jagannaryan Padmanabhan, Senior Director and Global Head, Transport Logistics & Mobility, CRISIL Infrastructure Advisory tells INFRASTRUCTURE TODAY. Edited excerpts. How do you see...