Infrastructure Project Price Overruns Climb to Six-Month High

24 Oct 2023 CW Team

The federal government may seek to spend an additional Rs 4.5 lakh crore on projects costing Rs 150 crore or more, bringing the total investment to Rs 24.8 lakh crore. In addition, the completion time increased from 36.96 months to 38.63 months in comparison to the previous month. Though the number of delayed assignments decreased to 823 in September from 830 in August, 58% are currently delayed for more than two years.

In September, the federal government's monitoring portal considered 1,418 tasks, 12 of which were added from the previous month. In September, the federal government completed 46 missions. The report notes that 268 tasks had been on schedule, whereas 242 confronted price and time overruns.Nevertheless, it highlights that this may occasionally not current the precise image on the bottom, as not all businesses could also be reporting or offering checklist of milestones.

?The involved administrative Ministry might prefer to assessment the tasks with a view to keep away from additional price overrun, time overruns, to agency up milestones in case of milestone will not be accessible, to agency up revised price estimates and revised commissioning schedule if the identical has been not revised and lapsed,? the report acknowledged.

Railways was one of the ministries experiencing the greatest price overruns, with estimated costs in 173 tasks being 68.1% more than the original cost. The 41 jobs of the Ministry of Water Resources saw 195.6% cost overruns, whereas highways, which accounted for over half of all tasks monitored under the system, only 4.3% cost overruns.

Northeastern states had the lowest price overruns, followed by Andhra Pradesh.

According to data released by the federal government, price overruns climbed to a six-month high in September, reversing the features made in the previous couple of months. In September, the predicted price of central infrastructure tasks was 21.92% more than the unique price, compared to 19.08% in August. The federal government may seek to spend an additional Rs 4.5 lakh crore on projects costing Rs 150 crore or more, bringing the total investment to Rs 24.8 lakh crore. In addition, the completion time increased from 36.96 months to 38.63 months in comparison to the previous month. Though the number of delayed assignments decreased to 823 in September from 830 in August, 58% are currently delayed for more than two years. In September, the federal government's monitoring portal considered 1,418 tasks, 12 of which were added from the previous month. In September, the federal government completed 46 missions. The report notes that 268 tasks had been on schedule, whereas 242 confronted price and time overruns.Nevertheless, it highlights that this may occasionally not current the precise image on the bottom, as not all businesses could also be reporting or offering checklist of milestones. ?The involved administrative Ministry might prefer to assessment the tasks with a view to keep away from additional price overrun, time overruns, to agency up milestones in case of milestone will not be accessible, to agency up revised price estimates and revised commissioning schedule if the identical has been not revised and lapsed,? the report acknowledged. Railways was one of the ministries experiencing the greatest price overruns, with estimated costs in 173 tasks being 68.1% more than the original cost. The 41 jobs of the Ministry of Water Resources saw 195.6% cost overruns, whereas highways, which accounted for over half of all tasks monitored under the system, only 4.3% cost overruns. Northeastern states had the lowest price overruns, followed by Andhra Pradesh.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..