Page 10 - Infrastructure
Economic stimulus measures to help accelerate economic activity: SIAM
The industry body said it appreciates the proactive role being played by the government
 "Economic stimulus measures to help accelerate economic activity: SIAM")
IL&FS Engineering net loss widens to Rs 73 crore in September quarter
IL&FS Engineering on Wednesday reported widening of consolidated net loss to Rs 73.16 crore in the quarter ended September. The engineering arm of the troubled IL&FS Group had reported a total consolidated net loss after exceptional items and tax at Rs 56.64 crore for the corresponding quarter of the previous fiscal, the company said in a BSE filing. Its total consolidated income from operations for the quarter under review stood at Rs 77.65 crore as against Rs 144.03 crore in the corresponding quarter a year ago. The company's expenses during the September quarter were Rs 103.23 crore as against Rs 141.57 crore in the year-ago period.
 "IL&FS Engineering net loss widens to Rs 73 crore in September quarter")
State govt-funded infra capex expected to remain weak in near term: ICRA
As per ICRA estimates, major states together had a budgeted capital outlay of over Rs 5.7 trillion for FY2021 as against revised estimates (RE) of Rs 5.1 trillion in FY2020
 "State govt-funded infra capex expected to remain weak in near term: ICRA")
Centre sets ambitious highway targets, but few firms can deliver
Maintaining cash flow a problem; experts feel global players needed for execution, maintenance
 "Centre sets ambitious highway targets, but few firms can deliver")
'India is the place to be': Modi seeks investors for infra, manufacturing
"If you want returns with reliability, India is the place to be," Modi told a virtual conference of 20 major global investors, including pension funds
 "'India is the place to be': Modi seeks investors for infra, manufacturing")
Need to think of data as infrastructure, says CEA K V Subramanian
Addressing a virtual event here, Subramanian said it is not just ease of doing business, but also ease of living that has to be enhanced using data
 "Need to think of data as infrastructure, says CEA K V Subramanian")
Centre to seek Parliament's nod for additional Rs 37,000 cr infra push
Centre will seek the Parliament's approval for additional spending of Rs 37,000 crore on infrastructure development in the second batch of supplementary demands for grant.
InvITs to acquire over Rs 4 trillion of infra assets in five years: Icra
At present, there are six InvITs which have raised over Rs 27,600 crore from investors, while a seventh entity is in advanced stage of raising Rs 25,200 crore, Icra said
 "InvITs to acquire over Rs 4 trillion of infra assets in five years: Icra")
Zojila tunnel to give Srinagar valley and Leh all-weather connectivity
Work on the much awaited Zojila tunnel will finally commence on Thursday after Road Transport and Highways Minister Nitin Gadkari initiates the first blasting at the 14.15 km long structure
 "Zojila tunnel to give Srinagar valley and Leh all-weather connectivity")
Light at the end of the tunnel: Work on Zojila project to start on Thursday
Once up and ready, the 14.15 km stretch will be will be the longest bi-directional road tunnel in Asia
 "Light at the end of the tunnel: Work on Zojila project to start on Thursday")
Higher capital expenditure could help states deal with projects: Experts
The central allocation of Rs 25,000 crore, in addition to Rs 4.13 trillion given in the Union Budget, would be provided to states for capital expenditure
 "Higher capital expenditure could help states deal with projects: Experts")
ADB, govt ink $570 mn loan agreement to fund public infra in Rajasthan, MP
Under the funding programme for Rajasthan, water supply systems in at least eight project towns are expected to improve by 2027, benefiting more than 5,70,000 people
 "ADB, govt ink $570 mn loan agreement to fund public infra in Rajasthan, MP")
Cambodia denies new speculation about Chinese base, says its planned infra
The stories were based on satellite photos showing the demolished facility and statements from Cambodian officials
 "Cambodia denies new speculation about Chinese base, says its planned infra")
UP infra arm to bid for global projects, float special tendering wing
Rajkiya Nirman Nigam has bandwidth for Rs 5,000 cr projects
Eight core industries output down 4th month in a row, shrinks 15% in June
The eight core sectors had expanded by 1.2 per cent in June 2019, govt data showed
 "Eight core industries output down 4th month in a row, shrinks 15% in June")
Govt trying to attract FDI in infrastructure sector: Nitin Gadkari
The Central government is making efforts to attract FDI in the infrastructure sector, Union Minister Nitin Gadkari said
PNC Infratech jumps 9% after bagging two EPC projects worth Rs 1,548 crore
The bids for these contracts were submitted in January this year and opened in March.
 "PNC Infratech jumps 9% after bagging two EPC projects worth Rs 1,548 crore")
NITI Aayog pushes mandatory use of 25% recycled material in infra projects
Says this will reduce cost without compromising on project quality. It will also establish the tenable use of these materials, in line with global move to promote use of secondary products
 "NITI Aayog pushes mandatory use of 25% recycled material in infra projects")
Maximum government, minimum governance
Book review of The Gated Republic: India's Public Policy Failures and Private Solutions
 "Maximum government, minimum governance")
Nabard sanctions Rs 795 cr for infra damaged by cyclone Amphan in Bengal
The amount of Rs 795 crore was sanctioned following the appeal of the government, the official said
 "Nabard sanctions Rs 795 cr for infra damaged by cyclone Amphan in Bengal")
