Centre projects costs rise to a 1 year high in April

29 May 2024 CW Team

In April, cost overruns in central government projects surged to a 12-month peak, reaching 20.09%, as revealed by data released by the government on Tuesday. This marked an increase from 18.65% in the previous month. The total value of 1,838 projects, each valued at Rs 1.50 billion and above, amounted to Rs 33.2 trillion, exceeding the original cost by Rs 5.6 trillion.

Of these projects, 43% (792) were delayed compared to their original completion dates, while 514 experienced delays in both completion time and cost. In April, 61 projects were successfully completed, while 29 new projects were initiated, with completed projects costing Rs 466 billion and new projects estimated at Rs 1.3 trillion.

Despite the surge in cost overruns, the average time for project completion decreased to 35.4 months, down from 36.04 months in March. However, a concerning trend emerged, with 48% of projects experiencing delays of over two years. Notably, 54 projects, representing only 2.93% of the total, accounted for 43.39% of the total cost overrun and 21.34% of the total time overrun.

Among various sectors, railways encountered the highest cost overruns in April, standing at 126.5%, with more than half of its projects facing such issues. Meanwhile, road transport and highways, constituting nearly 60% of the projects, experienced a cost overrun ratio of 23.7%. Additionally, over one-third of railway projects and more than 10% of road projects reported time overruns, according to government data.

Despite these challenges, the government remains committed to infrastructure development, as recognised by international agencies as a key driver of economic growth. Projections suggest a growth rate of 7.8% for FY24, with an expected growth of 6.8% in the current fiscal year. (ET Infra)

Infrastructure Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..