ICRA: Rs 2 lakh cr business potential for interlinking river projects
ECONOMY & POLICY

ICRA: Rs 2 lakh cr business potential for interlinking river projects

A recent study by rating agency ICRA reveals that engineering, procurement, and construction (EPC) firms could unlock business opportunities worth Rs 2 lakh crore over the next decade through the completion of four priority interlinking river (ILR) projects.

Approximately Rs 80,000 crore of this potential is expected to be awarded in the next four years, particularly benefiting companies engaged in large irrigation projects.

The National Water Development Agency (NWDA) has pinpointed 30 ILR projects—16 linked to peninsular rivers and 14 to Himalayan rivers—that will receive funding from the Government of India (60%) and state governments (40%).

ICRA highlights a significant increase in the central government's focus on the water sector, reflected in a budget allocation exceeding Rs 78,000 crore for the Ministry of Jal Shakti (MoJ).

Chintan Lakhani, Vice President and Sector Head - Corporate Ratings at ICRA, noted, "The four-priority links mark the onset of a decade-long ILR project implementation. Although their share in the ministry's budget is currently about 5% (around Rs 3,908 crore), this is expected to grow as more projects receive approval and construction accelerates."

The NWDA has identified four priority projects for early implementation: the Ken Betwa, Kosi-Mechi, Parabati Kalisindh Chambal, and Godavari-Cauvery links. Among these, the Godavari-Cauvery project represents the largest investment, accounting for 45% of the total project cost, while the Kosi-Mechi link is the smallest at 4%. The Ken Betwa project, which has already commenced, constitutes 21% of the cost for these priority links.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

A recent study by rating agency ICRA reveals that engineering, procurement, and construction (EPC) firms could unlock business opportunities worth Rs 2 lakh crore over the next decade through the completion of four priority interlinking river (ILR) projects. Approximately Rs 80,000 crore of this potential is expected to be awarded in the next four years, particularly benefiting companies engaged in large irrigation projects. The National Water Development Agency (NWDA) has pinpointed 30 ILR projects—16 linked to peninsular rivers and 14 to Himalayan rivers—that will receive funding from the Government of India (60%) and state governments (40%). ICRA highlights a significant increase in the central government's focus on the water sector, reflected in a budget allocation exceeding Rs 78,000 crore for the Ministry of Jal Shakti (MoJ). Chintan Lakhani, Vice President and Sector Head - Corporate Ratings at ICRA, noted, The four-priority links mark the onset of a decade-long ILR project implementation. Although their share in the ministry's budget is currently about 5% (around Rs 3,908 crore), this is expected to grow as more projects receive approval and construction accelerates. The NWDA has identified four priority projects for early implementation: the Ken Betwa, Kosi-Mechi, Parabati Kalisindh Chambal, and Godavari-Cauvery links. Among these, the Godavari-Cauvery project represents the largest investment, accounting for 45% of the total project cost, while the Kosi-Mechi link is the smallest at 4%. The Ken Betwa project, which has already commenced, constitutes 21% of the cost for these priority links.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

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