Around 425 infra projects note cost overruns worth Rs 4.83 lakh cr

24 May 2022 CW Team

According to a report, around 425 infrastructure projects, each entailing a Rs 150 crore or more investment, have been hit by cost overruns of over Rs 4.83 lakh crore.

According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,579 projects, 425 projects declared cost overruns, and around 664 projects were delayed.

The ministry's latest report for March 2022 said, the total original cost of execution of the 1,579 projects was Rs 21,95,196.72 crore, and their expected completion cost is likely to be Rs 26,78,365.62 crore, which reflects total cost overruns of Rs 4,83,168.90 crore.

According to the report, the cost incurred on these projects till March 2022 stood at Rs 13,88,760.73 crore, which is 51.85 % of the expected cost of the projects.

However, the number of delayed projects is reduced to 561 if the delay is estimated based on the latest completion schedule.

Further, for 606 projects, neither the year of commissioning nor the tentative gestation period has been notified.

Out of the 664 delayed projects, 124 have been delayed for 13-24 months, 331 projects for 25-60 months, 94 for 1-12 months, 115 projects for 61 months, and more.

In these 664 delayed projects, the average time overrun was 42.41 months.

Reasons for time overruns as informed by various project executing agencies include delay in land acquisition, lack of infrastructure support and linkages, and delay in obtaining forest and environment clearances.

Delay in tendering, ordering, and equipment supply, delay in tie-up for project financing, change in scope, delay in finalisation of detailed engineering, and law and order problems are among the other reasons.

The report also mentioned state-wise lockdowns due to Covid-19 as a reason for the delay in execution of these projects.

It has also been observed that project agencies are not reporting revised cost estimations and commissioning schedules for many projects, which indicates that time and cost overrun figures are under-reported.

Image Source

Also read: 443 infra projects hits cost overruns of Rs 4.45 lakh crore: Report

According to a report, around 425 infrastructure projects, each entailing a Rs 150 crore or more investment, have been hit by cost overruns of over Rs 4.83 lakh crore. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,579 projects, 425 projects declared cost overruns, and around 664 projects were delayed. The ministry's latest report for March 2022 said, the total original cost of execution of the 1,579 projects was Rs 21,95,196.72 crore, and their expected completion cost is likely to be Rs 26,78,365.62 crore, which reflects total cost overruns of Rs 4,83,168.90 crore. According to the report, the cost incurred on these projects till March 2022 stood at Rs 13,88,760.73 crore, which is 51.85 % of the expected cost of the projects. However, the number of delayed projects is reduced to 561 if the delay is estimated based on the latest completion schedule. Further, for 606 projects, neither the year of commissioning nor the tentative gestation period has been notified. Out of the 664 delayed projects, 124 have been delayed for 13-24 months, 331 projects for 25-60 months, 94 for 1-12 months, 115 projects for 61 months, and more. In these 664 delayed projects, the average time overrun was 42.41 months. Reasons for time overruns as informed by various project executing agencies include delay in land acquisition, lack of infrastructure support and linkages, and delay in obtaining forest and environment clearances. Delay in tendering, ordering, and equipment supply, delay in tie-up for project financing, change in scope, delay in finalisation of detailed engineering, and law and order problems are among the other reasons. The report also mentioned state-wise lockdowns due to Covid-19 as a reason for the delay in execution of these projects. It has also been observed that project agencies are not reporting revised cost estimations and commissioning schedules for many projects, which indicates that time and cost overrun figures are under-reported. Image Source Also read: 443 infra projects hits cost overruns of Rs 4.45 lakh crore: Report

Infrastructure Urban

04 Nov 2025

DPIIT Joint Secretary Inaugurates Isler’s Appliance Unit in Greater Noida

Isler, a fast-growing appliance manufacturing start-up supported by Hafele India, inaugurated its state-of-the-art production facility in Greater Noida. The facility was inaugurated by Sanjiv Singh, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. Spread across 30,000 sq ft, Isler’s first plant is equipped with advanced assembly lines and automated systems for manufacturing built-in kitchen and home appliances such as hoods and hobs, with future plans to produce microwaves, ovens, and dishwashers. Designed with a focus on sustainability ..

Infrastructure Urban

04 Nov 2025

AAI Urges Government to Ensure Aluminium Self-Reliance

The Aluminium Association of India (AAI) has called for urgent policy action from the Ministry of Mines to strengthen India’s aluminium manufacturing base and secure self-reliance under the Aluminium Vision 2047.In a detailed submission, AAI urged the Government to impose a uniform 15 per cent Basic Customs Duty (BCD) on all aluminium products and introduce strict quality controls on non-standard scrap imports. The association warned that without immediate intervention, India risks facing a supply crisis similar to that of critical minerals.AAI highlighted a 50 per cent surge in aluminium im..

Infrastructure Urban

04 Nov 2025

Punjab Records 21.5 % Rise in Net GST Collections till October

Punjab has recorded a 21.51 per cent increase in net Goods and Services Tax (GST) collection for the period from April to October 2025, with a robust 14.46 per cent rise in October alone, according to Harpal Singh Cheema, Minister for Finance, Planning, Excise and Taxation.The state collected Rs 156835.9 million in net GST during April–October 2025, compared to Rs 129073.1 million during the same period in the previous financial year—an impressive increase of Rs 27.76 million. The growth rate up to October 2024 had stood at a modest 3.8 per cent.For October 2025, Punjab’s net GST collect..