458 infra projects hit by cost overrun of Rs 5.71 trillion in May: MoSPI

Q: How long will it take to read this news story?

The story "458 infra projects hit by cost overrun of Rs 5.71 trillion in May: MoSPI" has 362 words across 12 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "458 infra projects hit by cost overrun of Rs 5.71 trillion in May: MoSPI" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 262 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21341826</li><li>URL: https://beamstart.com/news/458-infra-projects-hit-by-17191243431247</li></ul>

Business Standard Logo Business Standard 1w ago

458 infra projects hit by cost overrun of Rs 5.71 trillion in May: MoSPI - Business Standard

Quick Summary:

The total original cost of implementation of 1,817 projects was Rs 27,58,567.23 crore, and their anticipated completion cost is likely to be Rs 33,29,647.99 crore, which reflects an overall cost overrun of over Rs 5,71,080.76 (20.70 per cent of original cost), the ministry's latest report for May 2024 showed.

According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,817 projects, 458 reported cost overruns and 831 projects were delayed.

As many as 458 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.71 lakh crore in May this year, according to an official report.