Indian Infrastructure News – Telecom, Power, Airport, Housing, Road and Many More

Tata Steel, UK Announce 1.25 Billion Pound Joint Investment Plan

Press Trust of India | Friday September 15, 2023, London/New Delhi

The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy.

Maharashtra Seeks World Bank's Assistance For Upgrading Infrastructure

Press Trust of India | Monday July 31, 2023, Mumbai

Maharashtra Chief Minister Eknath Shinde has sought the World Bank's assistance for upgrading infrastructure and capacity building in the state.

Highway Contractors Allowed To Convert Bank Guarantees Into Surety Bonds

Press Trust of India | Thursday May 25, 2023, New Delhi

Union Minister Nitin Gadkari has said the finance ministry has agreed to allow contractors engaged by state-owned NHAI and NHIDCL to convert their bank guarantees into insurance surety bonds.

Strong Case To Revise Coal Prices, Hike Could Happen Soon: Coal India Chairman

Reported by Saurabh Gupta, Edited by Boris Pradhan | Monday March 20, 2023, Kolkata

Coal India Chairman today said that amid a slowdown in growth in the mining sector, there is a "strong case" to revise coal prices and a hike in prices could take place "very soon".

Moody's Cuts Rating Outlook On 4 Adani Group Companies

Press Trust of India | Friday February 10, 2023, New Delhi

Moody's Investor Service on Friday revised downwards the rating outlook on four Adani Group companies to negative from stable after a significant and rapid decline in market value following a report by US-based short seller Hindenburg Research.

Adani Ports Considers Repaying $605 Million Debt To Calm Investors

Divya Patil, Bloomberg | Tuesday February 07, 2023

Gautam Adani's ports unit is considering to repay about 50 billion rupees ($604.6 million) of loans, as the beleaguered Indian tycoon seeks to trim debt after a shor

On Government Slashing Rural Jobs (NREGA) Funds, Top Officer Explains

NDTV News Desk | Monday February 06, 2023, New Delhi

In Budget 2023, one of the biggest moves by the government was to slash the allocation for the rural jobs scheme MGNREGA despite considerable demand for work.

Budget 2023: Centre Simplifies Tax Benefits For Cooperatives, Startups, MSMEs

Asian News International | Wednesday February 01, 2023, New Delhi

Budget 2023: The government on Wednesday simplified various tax benefits on MSMEs, cooperatives, startups and boards, authorities and commissions.

Budget 2023: Centre Allocates Rs 19,518 Crore For All Metro Projects In India

Press Trust of India | Wednesday February 01, 2023, New Delhi

Budget 2023: The government has allocated a total of Rs 19,518 crore to all metro projects across India in the Union Budget 2023-24, officials said on Wednesday.

Electricity Consumption Rises Nearly 13% To 126 Billion Units In January

Press Trust of India | Wednesday February 01, 2023, New Delhi

The robust growth of power consumption indicates sustained momentum of economic activities in January.

Exports Of Electronic Goods Growing At 55%, Incentives Helping Local Firms : Economic Survey

Press Trust of India | Tuesday January 31, 2023, New Delhi

The survey sees potential of production linked incentive schemes in supporting domestic players to achieve economies of scale in manufacturing facilities.

Mahindra To Invest $1.2 Billion To Set Up Electric Vehicle Plant In Pune

Reuters | Wednesday December 14, 2022, Bengaluru

The investment of Rs 10,000 crore for electric vehicles has been approved under the Maharashtra government's industrial promotion scheme for electric vehicles, M&M said in a regulatory filing.

India Will Now Become A Major Hub: PM Modi On Launch Of 22,000 Crores Plane Project

Press Trust of India | Sunday October 30, 2022, Vadodara

India will now become a major producer of transport aircraft, Prime Minister Narendra Modi said on Sunday after laying the foundation stone of a manufacturing facility for C-295 medium transport plane for the Indian Air Force.

Roads And Highways Sector Has Highest Number Of Delayed Projects: Government Report

Press Trust of India | Sunday October 30, 2022, New Delhi

The road transport and highways sector has the maximum number of delayed projects at 262, followed by railways at 115 and the petroleum sector at 89, showed a government report.

Core Sector Growth Slows To 3.3% In August

Press Trust of India | Friday September 30, 2022, New Delhi

The output of eight core infrastructure sectors grew 3.3 per cent in August -- the lowest in nine months -- as against 12.2 per cent in the year-ago period, according to official data released on Friday.