Govt reports Rs 5.55 tn cost overrun for 448 infra projects in Oct-Dec

02 May 2024 CW Team

During the December quarter of 2023, a significant number of infrastructure projects faced cost overruns, totalling more than Rs 5.55 trillion. The report, known as the Quarterly Project Implementation Status Report (QPISR) on Central Sector Projects, provides detailed insights into 1,897 projects that each require an investment of Rs 1.50 billion or more. This report is compiled by the Ministry of Statistics and Programme Implementation.

Among the 1,897 projects analysed, 448 projects experienced a cost overrun of Rs 5.55 trillion, representing 65.2% of their sanctioned cost. Additionally, 292 projects reported a cost overrun of Rs 2.89 trillion in comparison to the latest approved cost. Furthermore, 276 projects are facing both time and cost overruns.

Regarding project schedules, 56 projects are ahead of schedule, 632 are on schedule, and 902 are delayed according to their original completion schedules. Moreover, for 307 projects, either the original or anticipated completion dates were not reported or had passed.

The anticipated completion cost for these 1,897 projects is estimated to be Rs 31.74 trillion. As of December 31, 2023, the total expenditure incurred amounted to Rs 16.89 trillion, which is 53.22% of the total anticipated completion cost and 63.9% of the original cost. A total allocation of Rs 3.70 trillion has been designated for the fiscal year 2023-24 for these projects.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..