Infrastructure News

431 infra projects hit by cost overrun of Rs 4.80L cr in Jan, ET Infra

[ad_1]

As many as 431 infrastructure projects, each entailing an investment of ₹150 crore or above, were hit by cost overrun of more than ₹4.80 lakh crore in January 2024, an official report stated.

As per Ministry of Statistics and Programme Implementation (MoSPI), projects worth ₹150 crore and above, out of 1,821 projects, 431 reported cost overrun and 780 projects were delayed. ” Total original cost of implementation of the 1,821 projects was ₹26,09,679.38 crore and their anticipated completion cost is likely to be ₹30,90,135.99 crore, which reflects overall cost overruns of ₹4,80,456.61 crore (18.41% of original cost),” the lastest report said.

  • Published On Feb 26, 2024 at 07:47 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Get updates on your preferred social platform

Follow us for the latest news, insider access to events and more.

[ad_2]

Source link