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Centre's 33 TN Infra Projects Face 25% Cost Overrun
The Union Ministry for Statistics and Programme Implementation has reported that central agencies managing 33 infrastructure projects in Tamil Nadu are dealing with a cumulative cost overrun of 25.41 per cent. These projects, originally estimated at Rs 792.26 billion, are now projected to cost Rs 993.53 billion, with various factors contributing to delays and increased expenses. According to data from the online project monitoring system, significant cost overruns have been observed in projects such as the Tuticorin airport development and the Trichy airport upgrade. The Bharat Petroleum Corp..
J Kumar Infraprojects Wins Rs 6.32 Billion Contract to Develop DTC Colony
J Kumar Infraprojects announced that it has secured the development project for the Hari Nagar colony of the Delhi Transport Corporation (DTC) in Delhi, with a total contract value of Rs 6.32 billion inclusive of all taxes, duties, cess, and statutory levies. The company noted that the contract value, including all taxes and levies, could be adjusted if there are any changes in the GST rate on works contracts. The project is expected to be completed within 27 months. In another update, J Kumar Infraprojects won an order worth Rs 2.98 billion from the Pune Municipal Corporation. Additionally,..
JSW Infrastructure to Invest Rs 300 Billion to Boost Cargo Capacity
JSW Infrastructure, India's second-largest private port operator, announced a Rs 300 billion capital expenditure plan for FY25-30 to expand its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30. The expansion strategy will involve brownfield projects at existing ports in Jaigarh, Dharamtar, and Goa, as well as greenfield developments at Jatadhar, Keni, and Murbe. The company also plans to enhance its logistics capabilities through acquisitions, such as Navkar Corporation, and the development of a new slurry pipeline project. JSW Infrastructure, a subsidiary of the JSW Gr..
