Stay updated with breaking news from Infra Projects. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,643 projects, 393 reported cost overruns, and as many as 815 projects were delayed.
The JV will invest in the project as per their capacity of holding and complete the said project within the decided timeline
NOMINAL INDEX [Citations 148-179]Decco Worldwide Post Harvest Holdings B.V & Anr. V The Controller of Patents and Designs & Anr 2023 LiveLaw (Cal) 148Sujit Kumar Datta v The State of West Bengal & Ors...
The Prime Minister's Office has directed all infrastructure ministries to prepare a status report of projects above ₹100 crore, which are slated for completion over the next two months. The ministries have been asked to specify the projects nearing completion, the project cost, physical progress, target date of completion and whether there have been any cost or time overruns.
As many as 408 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.80 lakh crore in May 2023, an official report said.