Infrastructure

Ratings agency Standard and Poor's Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects worth $2.24 billion could be at risk of penalties for missing a July 2020 completion deadline as the coronavirus hit solar industry supplies.

India received $26 billion FDI in the first six months of the financial year that started April 2019, up from $22 billion in the whole of the previous year, according to the industry department.

The FASTag system enables automatic, cashless deduction of toll charges when a registered vehicle passes through the toll plaza without stopping for a cash transaction.

FASTag News: The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country.

India, which uses about 14 million tonnes of plastic annually, lacks an organised system for management of plastic waste, leading to widespread littering. New Delhi is the world's most polluted capital, with smog causing school cancellations, flight diversions and untold health problems for its over 20 million people.

The embattled business group defaulted on payments of over Rs 500 crore, according to the Yamuna Expressway Industrial Development Authority.

The growth rate of eight core industries declined to 2.6 per cent in December 2012, from 4.9 per cent in the same month previous year, due to drop in production of coal, natural gas and fertiliser.

The government will focus on developing low cost airports to provide air connectivity to the remote and interior areas of the country and encourage the growth of regional airlines, Civil Aviation Minister Ajit Singh said today.

Coal India Ltd (CIL) will miss its production target for the current year by up to 6 million tonnes but will meet its supply target by drawing on stocks, its chairman said on Thursday.

India has the potential to be the saviour of the global thermal coal market amid plentiful supply and a likely fall in demand in developed countries, but a sustained boom in imports on a par with China is unlikely, Macquarie said Wednesday.

Infrastructure major IVRCL today posted a net loss of Rs 68.13 crore for the third quarter ended December, 2012. The company had posted a net profit of Rs 6.78 crore in the corresponding period of the previous fiscal year.

Srei Infrastructure Finance today reported over 140 per cent jump in the consolidated net profit at Rs 46.50 crore for the third quarter ended December 2012. The infrastructure finance major had clocked a net profit of Rs 19.40 crore last year.

Supreme Infrastructure India today posted 44 per cent rise in the net profit at Rs 35.92 crore for the third quarter ended December 2012 on the back of increase in revenues. The infrastructure company had recorded a net profit of Rs 25.01 crore in the year-ago period.

Wipro Technologies chairman, Azim Premji, today said balance should be maintained between services and manufacturing sector since the latter is witnessing displacement.

As the Indian economy is showing a decline in average growth rate, there can be no better time for one to start having a look at the infrastructure sector with a more result-oriented focus.