Infrastructure Sector Growth Hits 6.2% in April Amid Varied Performances

03 Jun 2024 CW Team

Official data released revealed a notable uptick in the growth of India's crucial infrastructure sectors, surging to 6.2% in April. This surge was primarily fueled by robust expansions in the production of natural gas, refinery products, and electricity.

Compared to the preceding month of March, which saw a growth rate of 6%, this acceleration reflects positive momentum in the nation's industrial landscape. However, the performance varied across different sectors.

The core sectors contributing to this growth include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity. In April 2023, these sectors collectively posted a growth rate of 4.6%, showcasing a commendable improvement.

Despite the overall positive trend, fertiliser output stood out with negative growth in April, signaling challenges within this specific segment of the economy.

Further analysis of the data shows a mixed picture across different industries. While coal, steel, and cement maintained growth rates of 7.5%, 7.1%, and 0.6% respectively in April, the pace of expansion has notably slowed down compared to April 2023 figures, which stood at 9.1%, 16.6%, and 12.4% respectively.

This nuanced performance underscores the need for targeted interventions and policy adjustments to address the specific challenges faced by each sector, ensuring sustained growth and resilience in India's infrastructure landscape.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..