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Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. 'India's transportation infrastructure sector is in high gear, and we enjoy a sizable share of it,' said S V Desai, whole time director and senior executive vice presiden...

Commenting on the allocation, Himanshu Chaturvedi, Chief Strategy and Growth Officer at Tata Projects said, “The capital spends during fiscal 2023-24 are broad based and not just focussed on the traditional highways and railways sectors. The surge in infrastructure investment is part of a long-term strategy to promote Indian economic growth.”

Noida International Airport in Jewar, India, set to operate by year-end, with 70% of the Rs 10,056 crore budget already utilized.

The inaugural phase of the airport, spread across 1,300 hectares, is slated to commence flight operations by September, , Noida International Airport, Jewar Airport, uttar pradesh

(This story has not been edited by THE WEEK and is auto-generated from a PTI