YEIDA reports Rs 9.82 billion revenue in H1 FY25
Real Estate

YEIDA reports Rs 9.82 billion revenue in H1 FY25

In the first half of the fiscal year, the Yamuna Expressway Industrial Development Authority (YEIDA) generated revenue of Rs 9.82 billion, reflecting an increase of over Rs 2 billion compared to the same period last year, when the earnings were Rs 7.08 billion. However, the Authority's expenses exceeded its revenue, with total spending reaching Rs 13.01 billion during this period.

A significant portion of this expenditure, approximately Rs 7.99 billion, was allocated for land acquisition, more than doubling the Rs 3.62 billion spent in the previous year. Officials indicated that the Authority is focused on building a substantial land bank to facilitate future developments along the expressway corridor.

Land acquisition was not the only area where expenditures increased this year; airport-related expenses rose to Rs 2.04 billion from Rs 1.64 billion the previous year. The budget for development work also saw a modest increase, rising by Rs 40 million to reach Rs 2.14 billion, compared to Rs 2.10 billion last year.

Meanwhile, the revenue for the first half of the fiscal year experienced a significant boost, largely due to a sharp rise in group housing projects. Revenue from this segment surged from Rs 310 million in the same period last year to Rs 4.46 billion this year. This increase was partly attributed to the state government's rehabilitation package for stalled projects, based on recommendations from the Amitabh Kant committee, as noted by officials.

Other revenue sources included Rs 2.70 billion from industrial projects, Rs 100.14 million from commercial developments, Rs 630 million from institutional sectors, and Rs 1.14 billion from residential plots. YEIDA CEO Arun Vir Singh mentioned that the revenue and expenditure figures for the period from April 1 to September 20 would be presented at the board meeting.

For the current financial year, land acquisition remains the Authority's largest expense, with a budget of Rs 60.63 billion allocated for this purpose out of a total budget of Rs 100 billion.

YEIDA has also submitted a proposal to the district administration to acquire 1,700 hectares of land as part of its ongoing strategy to establish a robust land bank for future projects.

In the first half of the fiscal year, the Yamuna Expressway Industrial Development Authority (YEIDA) generated revenue of Rs 9.82 billion, reflecting an increase of over Rs 2 billion compared to the same period last year, when the earnings were Rs 7.08 billion. However, the Authority's expenses exceeded its revenue, with total spending reaching Rs 13.01 billion during this period. A significant portion of this expenditure, approximately Rs 7.99 billion, was allocated for land acquisition, more than doubling the Rs 3.62 billion spent in the previous year. Officials indicated that the Authority is focused on building a substantial land bank to facilitate future developments along the expressway corridor. Land acquisition was not the only area where expenditures increased this year; airport-related expenses rose to Rs 2.04 billion from Rs 1.64 billion the previous year. The budget for development work also saw a modest increase, rising by Rs 40 million to reach Rs 2.14 billion, compared to Rs 2.10 billion last year. Meanwhile, the revenue for the first half of the fiscal year experienced a significant boost, largely due to a sharp rise in group housing projects. Revenue from this segment surged from Rs 310 million in the same period last year to Rs 4.46 billion this year. This increase was partly attributed to the state government's rehabilitation package for stalled projects, based on recommendations from the Amitabh Kant committee, as noted by officials. Other revenue sources included Rs 2.70 billion from industrial projects, Rs 100.14 million from commercial developments, Rs 630 million from institutional sectors, and Rs 1.14 billion from residential plots. YEIDA CEO Arun Vir Singh mentioned that the revenue and expenditure figures for the period from April 1 to September 20 would be presented at the board meeting. For the current financial year, land acquisition remains the Authority's largest expense, with a budget of Rs 60.63 billion allocated for this purpose out of a total budget of Rs 100 billion. YEIDA has also submitted a proposal to the district administration to acquire 1,700 hectares of land as part of its ongoing strategy to establish a robust land bank for future projects.

Next Story
Infrastructure Energy

Cairn becomes India’s 1st oil & gas company to join UNEP’s OGMP 2.0

Cairn Oil & Gas, part of Vedanta Group, has become the first oil and gas producer in India to sign a memorandum of understanding (MoU) with the United Nations Environment Programme's flagship methane reporting and mitigation initiative, Oil & Gas Methane Partnership (OGMP) 2.0. This commitment marks Cairn’s dedication to reducing methane emissions in line with global sustainability goals.OGMP 2.0 provides a comprehensive framework for managing methane emissions, focusing on accurate measurement, reporting, and verification (MRV) to drive effective reductions. Under the MoU, Cairn wil..

Next Story
Infrastructure Energy

HPCL plans significant increase in Iraqi oil imports in 2025

Hindustan Petroleum Corporation Ltd (HPCL), India's state-run oil company, plans to increase its annual crude oil imports from Iraq to 100,000 barrels per day (bpd) in 2025, marking a 43% growth from its current import deal of 70,000 bpd in 2024. This expansion aligns with HPCL’s ongoing refinery upgrades and increased demand for crude.The increased imports will support the expansion of HPCL’s Vizag refinery in Southern India, which is undergoing an upgrade to boost its capacity from 274,000 bpd to 300,000 bpd. HPCL also operates the 190,000 bpd Mumbai refinery and is set to begin operatio..

Next Story
Infrastructure Transport

DPR for Vandalur-Vandavasi industrial corridor to Cheyyar Sipcot under development

The Tamil Nadu Road Development Company (TNRDC) is preparing a Detailed Project Report (DPR) for the development of an industrial corridor connecting Mannivakkam near Vandalur to Vandavasi in Tiruvannamalai district. This proposed corridor will enhance connectivity to the Cheyyar SIPCOT (State Industries Promotion Corporation of Tamil Nadu) Industrial Complex and the Oragadam Industrial Hub, further strengthening the state’s industrial growth.TNRDC has suggested upgrading State Highway-116, which runs from Kancheepuram to Vandavasi, into a six-lane road. The Cheyyar SIPCOT complex, which spa..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000