458 infra projects affected by cost overrun of Rs 5.71 Tn

24 Jun 2024 CW Team

According to an official assessment, in May of this year, there were 458 infrastructure projects with an investment of at least Rs 1.50 billion that had cost overruns of more than Rs 5.71 trillion. 458 out of 1,817 projects reported cost overruns, while 831 projects were delayed, according to the Ministry of Statistics and Programme Implementation (MoSPI), which keeps an eye on infrastructure projects of Rs 1.50 billion and above. 1,817 projects were initially estimated to have cost Rs 27 trillion in total to implement; it is expected that these projects will require an additional Rs 33 trillion to complete. The study states that the total amount spent on these projects up to May 2024 is Rs 17 trillion, or 51.3% of the projects' estimated total cost.

But if the delay is determined using the most recent completion timetable, the number of projects that are delayed dropped to 554, it said. Of the 831 projects that have been postponed, 245 have been delayed for a total of 1 to 12 months, 188 for 13 to 24 months, 271 for 25 to 60 months, and 127 for longer than 60 months. Among these 831 postponed projects, the average time overrun is 35.1 months. Various project implementing agencies have claimed that land acquisition, environmental clearance, financial challenges, contractual and internal issues, staffing shortages, and legal issues are among the reasons for time overruns.

Infrastructure Transport

13 Jul 2026

Bhogapuram Airport Set For Take Off After Licence Issued

Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu announced that Alluri Sitharama Raju Bhogapuram International Airport has achieved 100 per cent completion following issuance of its aerodrome licence by the Ministry of Civil Aviation after an inspection with public representatives, district officials and GMR Group representatives. The licence was granted after extensive verification over the past month to ensure that safety and operational standards were met. The Chief Minister's Office has already contacted the Prime Minister's Office to finalise an inauguration date and commercial fli..

Auto Sector To Grow 22-24 Per Cent In Q1 FY27

Credit Rating Information Services of India (Crisil) estimated that India's automobile sector is expected to report revenue growth of 22-24 per cent year-on-year in the first quarter of FY27 and to be among the largest contributors to corporate revenue growth in the quarter. The agency estimated overall corporate revenue to have grown 11-11.5 per cent year-on-year in the quarter ended 30 June 2026, the fastest pace in two years despite supply chain disruptions and higher input costs from the West Asia conflict. This compared with growth of 9.6 per cent in the preceding quarter. Crisil said the..

Nomura Sees Q1 Pressure On Cement Margins; Backs Major Players

Nomura said cement margins will be under pressure in the June quarter as fuel and packaging costs rose, although volume growth is expected to remain healthy. The brokerage forecast six to seven per cent year-on-year organic volume growth for the Indian cement industry in the period, with Shree Cement identified as likely to post the highest growth at 15 per cent year-on-year. It noted that the West and North regions outperformed on pricing, aiding companies with greater exposure in those markets. Average trade prices improved three per cent sequentially to around Rs 326 per bag after price inc..