445 infra projects hits cost overrun of Rs 4.4 lakh crore

25 Jan 2022 CW Team

According to a report, 445 infrastructure projects with an investment of Rs 150 crore each have been hit by cost overruns of over Rs 4.4 lakh crore.

The Ministry of Statistics and Programme Implementation looks into the infrastructure projects of Rs 150 crore or more. Of 1,673 projects, 445 faced cost overruns, and 557 projects were delayed.

The Ministry said that the initial implementation cost of these projects was Rs 22,23,791.78 crore, and their anticipated cost is likely to be Rs 26,64,649.18 crore, with Rs 4,40,857.40 crore cost overruns.

As per the report, the expenditure incurred on these infrastructure projects is Rs 13,08,766.65 crore, which is 49.12% of the anticipated cost of the projects.

The number of delayed projects dropped to 420 if the delay is counted based on the latest schedule of completion.

As many as 838 projects have not been given the year of commissioning nor the tentative gestation period.

From the 557 delayed projects, 97 projects have an overall delay between 1-12 months, 127 projects have been delayed for 13-24 months, 217 projects for 25-60 months and 116 projects for 61 months or more. The average time overrun in these projects is 45.69 months.

Time overruns were due to the issue of land acquisition, delay in forest and environment clearances, lack of infrastructure support and linkages. Other reasons include project financing, delay in finalising detailed engineering, change in scope, delay in the tendering process, ordering and equipment supply, law and order problems and Covid-19 restrictions and state-wise lockdowns.

Image Source

Also read: China to rollout infra projects to combat economic slowdown

Also read: BRO develops Project Yojak in Himachal Pradesh to boost road infra

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..