Govt lines up 275,000 mn for airport upgrade till FY26

27 Apr 2023 CW Team

The Centre has allocated almost $275 million to support airport infrastructure projects, which prominently include the development of new airports, the addition of passenger terminals, the improvement of runways, the construction of taxiways, and the development of new ATC towers. This is in line with the recent launch of UDAN 5.0, a regional connectivity programme that would improve air access to non-metro airports by changing regulations.

Before the middle of 2024, more than 70 projects totaling 180 million dollars are expected to be finished. The projects include creating a greenfield airport at Hirasar (Rajkot), extending terminal buildings in Surat and Goa, expanding the civil enclave at the airport in Gwalior, and erecting an ATC tower in Kolkata, among others.

According to a study by the Ministry of Civil Aviation (MoCA), development on a greenfield airport in Dholera, Ahmedabad is now underway and is anticipated to be finished by December 2025.

Modernization of the Chennai airport (Part-2 of Phase-II) would be finished by July 2025. According to the report, the government finished 33 projects worth a total of 28,070 million in 2022. At least 16 more projects, totaling $64,050 million in investment, are in the planning stages. These include the development of new integrated terminal buildings in Srinagar and Udaipur, a new domestic terminal in Bhubaneswar, an extension of the terminal building in Rajamundry, a greenfield airport in Kota, among other projects.

180 (underserved and unserved) airports have been designated under the UDAN scheme for flight operations by FY24, comprising 25 water-aerodromes and 40 helipads/heliports.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..