Infrastructure

IRB Infrastructure Developers Ltd., India’s leading private toll road and highway infrastructure company, began FY26 on a strong note, reporting a 10% year-on-year increase in toll collections for April. The company’s toll revenue rose to Rs. 554 crore, up from Rs. 503 crore in the same month last year, driven by strong performances across key expressways. With a diversified project portfolio spanning 17 toll roads across 12 states and a robust asset base exceeding Rs. 80,000 crore, IRB continues to benefit from India’s economic resilience and infrastructure-driven growth strategy.

Ravi Infrabuild Projects Ltd, a prominent player in India's civil construction sector, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise Rs. 1,100 crore through an Initial Public Offering (IPO). The proposed IPO will be a fresh issue of equity shares, with no Offer-for-Sale (OFS) component. The funds raised will primarily be directed toward acquiring new equipment, paying down debt, and supporting general corporate needs.

Larsen & Toubro (L&T) saw its shares soar nearly 5% following the announcement of a 25% increase in consolidated Profit After Tax (PAT) for the quarter ending March 31, 2025. This growth was driven by higher revenues and an exceptional gain. The company reported a consolidated PAT of Rs 5,497 crore, up from Rs 4,396 crore in the same quarter last year. Additionally, the full-year performance for FY25 exceeded expectations, with a 15% increase in PAT. The impressive results come despite the company navigating a challenging operating environment.

In a major push toward infrastructure-led urban development, the Uttar Pradesh government has announced the phased launch of new housing projects across 12 districts including Lucknow, Agra, Kanpur, and Jhansi between June and December 2025. The initiative is part of the "Mukhyamantri Urban Expansion/New City Promotion Scheme." During a high-level review meeting, Chief Minister Yogi Adityanath directed strict adherence to timelines, emphasized integration of GIS-based planning, and accelerated approvals for pending construction maps.

RackBank, a prominent data infrastructure firm, has unveiled a transformative investment plan centered on its newly launched AI Datacentre Park in Raipur, Chhattisgarh. With an initial outlay of Rs. 1,000 crore and a five-year scale-up target of Rs. 3,000 crore, the facility represents a strategic step in India’s AI and data processing evolution. Engineered to accommodate 1 lakh GPUs and scale up to 160 MW in capacity, the park will be developed in four phases and leverages cutting-edge liquid cooling technology.

JSW Infrastructure has announced a 19% drop in standalone profit for the March quarter, with a reported profit of Rs. 84.86 crore, compared to Rs. 104.70 crore in the same period last year. The decline is attributed to lower income, despite an increase in cargo volumes, which rose 5% year-on-year. The company also saw a boost in third-party volumes, which grew by 11%. While cargo performance at coal terminals showed strength, reduced volumes at the iron ore terminal impacted the overall growth.

Maharashtra’s Chief Minister, Devendra Fadnavis, outlined the state’s ambitious infrastructure plans, emphasizing key projects like the USD 15 billion Mumbai-Ahmedabad bullet train and a significant push for international funding. Set to become operational by 2028, the bullet train is poised to enhance connectivity between two of India’s major cities. Fadnavis also outlined plans for raising USD 50 billion from international financiers for broader infrastructure development.

India's Unified Payments Interface (UPI) has transformed the landscape of digital payments, but it now faces the challenge of scaling up further to meet ambitious growth targets. On Monday, Finance Minister Nirmala Sitharaman emphasized the need for collaborative efforts from all stakeholders to address infrastructure gaps and enhance the UPI ecosystem, while also aiming for one billion transactions per day within the next 2-3 years.

India's Union Minister for Road Transport and Highways, Nitin Gadkari, has made a resounding call to reorient the country’s economic trajectory by emphasizing the dual imperative of boosting exports and curbing imports. Speaking at an international conference on Vision 2047: Prosperous and Great Bharat, Gadkari underlined how recent geopolitical shifts, including reciprocal tariffs from the United States, could actually unlock new opportunities for Indian manufacturers. Citing the sugar industry's recent U.S.

In a significant development for Assam, Chief Minister Himanta Biswa Sarma announced that over Rs 1 lakh crore worth of investment proposals, received during the Advantage Assam business summit, will be rolled out by the end of 2025. These projects, ranging from government initiatives to private investments, will mark a transformative phase for the state’s infrastructure, including the Guwahati Ring Road and Numaligarh Refinery’s Bio-Refinery.