December Records Three-Month High in Cost Overrun Ratio: MOSPI
ECONOMY & POLICY

December Records Three-Month High in Cost Overrun Ratio: MOSPI

The Ministry of Statistics and Programme Implementation (MOSPI) reports a notable surge in the Cost Overrun Ratio for the month of December, reaching its highest point in three months. This data underscores potential challenges in managing project costs within stipulated budgets, prompting a closer examination of the factors contributing to the increase.

The findings from MOSPI highlight the need for enhanced cost management strategies in urban infrastructure projects to ensure fiscal prudence and timely completion. As the Cost Overrun Ratio rises, stakeholders may need to implement measures for effective project monitoring and control to mitigate the impact on overall project outcomes.

The Ministry of Statistics and Programme Implementation (MOSPI) reports a notable surge in the Cost Overrun Ratio for the month of December, reaching its highest point in three months. This data underscores potential challenges in managing project costs within stipulated budgets, prompting a closer examination of the factors contributing to the increase. The findings from MOSPI highlight the need for enhanced cost management strategies in urban infrastructure projects to ensure fiscal prudence and timely completion. As the Cost Overrun Ratio rises, stakeholders may need to implement measures for effective project monitoring and control to mitigate the impact on overall project outcomes.

Related Stories

Gold Stories

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Next Story
Infrastructure Transport

UP Cabinet Approves Renaming Jewar Airport After PM Modi

The Uttar Pradesh Cabinet has approved a proposal to rename Noida International Airport at Jewar as Narendra Modi International Airport, Noida-Jewar. Chief Minister Yogi Adityanath announced the decision after a Cabinet meeting, saying the airport represented a major contribution to the state and would become Uttar Pradesh’s largest airport and a significant aviation hub. The greenfield airport’s foundation stone was laid by Prime Minister Narendra Modi on November 25, 2021. He inaugurated Phase 1 on March 28, 2026, and commercial flights began on June 15. The facility is being developed a..

Next Story
Infrastructure Energy

Rolls-Royce Seeks Deeper Strategic Role in India

Rolls-Royce has described India as central to its long-term ambitions and said it wants to deepen its role as a strategic partner supporting the country’s energy security, infrastructure growth, national security and connectivity. The British aero-engine maker said its future expansion would build on decades of operations, industrial partnerships, engineering capabilities and a growing manufacturing and supply-chain ecosystem. The company held a board meeting in India for the first time this week. During a three-day visit, Rolls-Royce chief executive Tufan Erginbilgic met Prime Minister Nare..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code