Around 438 infra projects show cost overruns of Rs 4.3 lakh cr

27 Oct 2021 CW Team

According to a report, about 438 infrastructure projects of over Rs 150 crore have been hit by cost overruns of over Rs 4.3 lakh crore. The Ministry of Statistics and Programme monitors projects worth Rs 150 crore or more.

From the total 1,670 infrastructure projects, 438 witnessed cost overruns, and 563 were delayed projects.

The Ministry said that the initial cost of implementation of 1,670 projects was Rs 21,66,048.11 crore, and their anticipation completion cost is expected to be Rs 25,96,907.70 crore, which reflects an overall cost overrun of Rs 4,30,859.59 crore, almost 20% of the original cost.

The overall expenditure incurred on these infrastructure projects till September is Rs 12,54,512.40 crore, which is 48.31% of the anticipated cost, said the report.

The report said that the delayed projects have decreased to 380 if the delay is calculated based on the latest completion schedule.

For 808 projects, neither the year of commissioning nor the tentative gestation period has been witnessed.

From the total delayed projects, 100 projects were delayed between 1-12 months, 120 for 13-24 months, 216 for 25-60 months, and 127 projects for 61 months or more.

The average time of cost overrun for delayed projects is 47 months.

According to the agencies, the cost overrun may be due to delayed land acquisition, getting forest and environmental clearances, and lack of infrastructure support and linkage.

Delay in project financing, finalisation in detailed engineering works, delay in tendering, change in scope of work, ordering and equipment supply, and other legal issues are other reasons for the delay.

As per the report, Covid-19 lockdowns were also a reason for the delay in project implementation.

Image Source

Also read: 470 infra projects show cost overruns worth Rs 4.38 lakh cr

Infrastructure Energy

17 Sep 2025

NARCL Sells Rs 37.63 Billion of Wind World Debt to Omkara ARC

The National Asset Reconstruction Company Limited (NARCL) has successfully sold Rs 37.63 billion of Wind World’s outstanding debt, marking a significant step in managing stressed assets within India’s renewable energy sector. The transaction forms part of wider efforts to resolve non-performing loans and bolster financial stability in the industry.Omkara ARC emerged as the anchor bidder in the deal, demonstrating strong investor interest in renewable energy debt. Anchor bidders play a vital role in ensuring successful debt resolution and attracting participation from other investors in suc..

Madhya Pradesh Targets 50 Per Cent Power From Renewable Sources

Madhya Pradesh is ramping up its green energy generation, aiming for renewable sources to account for 50 per cent of the state’s total power consumption, a senior official has announced.“Renewable energy cannot be ignored. Solar power is now a viable option, and we are committed to significantly enhancing green energy generation in Madhya Pradesh, targeting 50 per cent of total power consumption from renewable sources,” said Manu Srivastava, Additional Chief Secretary of Madhya Pradesh Urja Vikas Nigam, on Friday.Speaking at the inaugural session of the 8th GRIHA Regional Conclave in Bho..

High-Speed Expressway to Cut Ayodhya–Varanasi Travel to Two Hours

Travel between Ayodhya and Varanasi is set to become faster and more convenient, as the National Highways Authority of India (NHAI) begins planning a nearly 200-km high-speed access-controlled expressway connecting the two cities. The tender process has been initiated to prepare the Detailed Project Report (DPR) for the project.Former MP Lallu Singh stated, “Upon completion, the distance from Ayodhya to Kashi can be covered in just two hours.” He added, “The expressway will connect to the Purvanchal Expressway, further enhancing connectivity from Ayodhya to Delhi.”The Ministry of Road ..