Saturday, November 18, 2023

411 infra projects show cost overruns of Rs 4.31 lakh crore in October, according to MoSPI report

"Total original cost of implementation of the 1,788 projects was Rs 24,78,446.60 crore, and their anticipated completion cost is likely to be Rs 29,09,526.63 crore, which reflects overall cost overruns of Rs 4,31,080.03 crore (17.39 per cent of original cost)," the ministry's latest report for October 2023 said. According to the report, the expenditure incurred on these projects till October 2023 was Rs 15,27,102.91 crore, which is 52.49 per cent of the anticipated cost of the projects.

from Economy-News-Economic Times https://ift.tt/84Wv3k1
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