Latest news with #HAM
New Indian Express
7 hours ago
- Business
- New Indian Express
Andhra govt fast-tracks revenue generating urban projects
VIJAYAWADA: The State government has ramped up efforts to accelerate revenue-generating urban infrastructure projects under innovative financing models to drive economic growth in line with the Swarnandhra Vision @ 2047. At a high-level review meeting at the Secretariat, Municipal Administration and Urban Development Principal Secretary S Suresh Kumar reviewed 30 key projects identified across various Urban Local Bodies (ULBs). These projects will be executed through Public-Private Partnership (PPP), Hybrid Annuity Model (HAM), and Viability Gap Funding (VGF) mechanisms to ensure financial sustainability and efficient urban service delivery. The projects cover vital sectors, including solid waste management with Waste-to-Energy (WTE) plants, solar energy, industrial water supply, urban mobility, and commercial use of idle land. Approved projects include WTE plants in Nellore, Kakinada-Rajahmundry, Kurnool, and Kadapa; a treated water transmission system in Visakhapatnam; floating solar panels in Nellore; and commercial complexes in Guntur, Chittoor, and Kadapa. Other plans include a ropeway to Kailasagiri and the redevelopment of major bus stands to enhance tourism and public amenities. The Visakhapatnam Metropolitan Region Development Authority (VMRDA) will lead several landmark initiatives such as the East Coast Habitat Centre, a 50-storey residential tower, eco-cottages, a revolving restaurant at Kailasagiri, and a boat club at Gambhiram Lake. Suresh Kumar highlighted innovative land use to unlock urban asset potential.
Time of India
11 hours ago
- Business
- Time of India
Dilip Buildcon shares zoom 7% after Q1 profit surges 94% YoY to Rs 271 crore
Live Events Dilip Buildcon Shares Target Price (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Dilip Buildcon zoomed 7.2% to their intraday high of Rs 506.65 on the BSE in early trade on Wednesday after the company reported a 93.6% year-on-year (YoY) rise in consolidated net profit to Rs 271 crore for Q1FY26. The surge was driven by improved margins and an exceptional gain of Rs 169.3 grew 8.7% to Rs 520 crore, while EBITDA margin rose sharply to 19.8% from 15.2% a year ago. However, revenue fell 16.4% YoY to Rs 2,620 crore, reflecting a slowdown in engineering, procurement, and construction (EPC) the quarter, the company completed key road projects, including a Rs 925 crore section of the Bangalore–Chennai Expressway in Andhra Pradesh and a Rs 680 crore stretch of the Raipur–Visakhapatnam Economic Corridor in of June 30, 2025, the company's order book stood at Rs 13,695 crore. Mining accounted for the largest share at 28.9%, followed by roads and highways at 17.8%. Other segments included irrigation, tunnels, water supply, optical fibre, urban development, bridges, and metro Director and CEO Devendra Jain said that while EPC headwinds remain, the coal mining and Hybrid Annuity Model (HAM) road projects helped cushion the impact.'We remain optimistic about winning a decent quantum of orders in the coming quarters. Post that, all three of our growth engines will be on accelerated mode,' he the board approved the issuance of non-convertible debentures and commercial papers worth up to Rs 1,000 crore each through private to Trendlyne, the average target price for Dilip Buildcon is Rs 442, indicating a potential downside of around 7% from current levels. Among six analysts tracking the stock, the consensus recommendation is 'Sell'.While the stock has declined over 8% in the past year, it has delivered an 85% return over the last two years. The company's current market capitalisation stands at approximately Rs 6,905 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
11 hours ago
- Business
- Economic Times
Dilip Buildcon shares zoom 7% after Q1 profit surges 94% YoY to Rs 271 crore
Shares of Dilip Buildcon zoomed 7.2% to their intraday high of Rs 506.65 on the BSE in early trade on Wednesday after the company reported a 93.6% year-on-year (YoY) rise in consolidated net profit to Rs 271 crore for Q1FY26. The surge was driven by improved margins and an exceptional gain of Rs 169.3 crore. ADVERTISEMENT EBITDA grew 8.7% to Rs 520 crore, while EBITDA margin rose sharply to 19.8% from 15.2% a year ago. However, revenue fell 16.4% YoY to Rs 2,620 crore, reflecting a slowdown in engineering, procurement, and construction (EPC) activity. During the quarter, the company completed key road projects, including a Rs 925 crore section of the Bangalore–Chennai Expressway in Andhra Pradesh and a Rs 680 crore stretch of the Raipur–Visakhapatnam Economic Corridor in Chhattisgarh. As of June 30, 2025, the company's order book stood at Rs 13,695 crore. Mining accounted for the largest share at 28.9%, followed by roads and highways at 17.8%. Other segments included irrigation, tunnels, water supply, optical fibre, urban development, bridges, and metro Director and CEO Devendra Jain said that while EPC headwinds remain, the coal mining and Hybrid Annuity Model (HAM) road projects helped cushion the impact.'We remain optimistic about winning a decent quantum of orders in the coming quarters. Post that, all three of our growth engines will be on accelerated mode,' he said. ADVERTISEMENT Separately, the board approved the issuance of non-convertible debentures and commercial papers worth up to Rs 1,000 crore each through private placement. Also Read: TCS slumps 33% from peak. Is the correction an opportunity in disguise? ADVERTISEMENT According to Trendlyne, the average target price for Dilip Buildcon is Rs 442, indicating a potential downside of around 7% from current levels. Among six analysts tracking the stock, the consensus recommendation is 'Sell'.While the stock has declined over 8% in the past year, it has delivered an 85% return over the last two years. The company's current market capitalisation stands at approximately Rs 6,905 crore. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hans India
14 hours ago
- Business
- Hans India
MA &UD focuses on projects in urban areas under PPP mode
Vijayawada: The municipal administration and urban development department, led by principal secretary S Suresh Kumar is accelerating urban development in the state through innovative financing models like Public-Private Partnership (PPP), Hybrid Annuity Model (HAM), and Viability Gap Funding (VGF). These efforts aim to implement revenue-generating infrastructure projects to enhance urban livability and sustainability. During a review meeting at the Secretariat on Tuesday, Suresh Kumar evaluated 30 projects across urban local bodies (ULBs), focusing on sectors such as solid waste management (waste to energy), urban mobility, road Infrastructure, solar energy, green infrastructure, treated water supply for industries, and commercial development of urban land under PPP. Senior officials, including the commissioner and director of municipal administration, finance department representatives, Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML), and ULB commissioners, attended the meeting. Suresh Kumar stressed on the innovative land monetisation and mixed-use development strategies to optimise underutilised urban assets, ensuring long-term financial sustainability and improved citizen services. The state government is prioritising strategic projects under PPP and HAM models, including city road development in Visakhapatnam and Vijayawada to enhance traffic management, road safety, and urban transport. The Visakhapatnam Metropolitan Region Development Authority (VMRDA) is spearheading tourism-friendly initiatives, such as the East Coast Habitat Centre at Madhurawada, a mixed-use urban node integrating residential, commercial, and institutional facilities. Other projects include the Vizag Experience & Virtual Reality Arena with a hotel, India's first immersive digital tourism zone, and eco-tourism facilities like Eco Cottages, a 360° Revolving Restaurant, and Bay View Café at Kailasagiri. Additionally, a 50-storey residential tower at Madhurawada aims to redefine Visakhapatnam's skyline, while affordable housing for middle-income groups and a Boat Club at Gambhiram Lake will promote inclusive growth and eco-tourism, generating sustainable municipal revenue.
The Hindu
21 hours ago
- Business
- The Hindu
MA&UD approves 11 projects to enhance urban liveability
The Municipal Administration and Urban Development (MA&UD) Department has approved eleven projects in urban local bodies across the State as part of its focus on implementing revenue-generating infrastructure through financing mechanisms such as Public-Private Partnership (PPP), Hybrid Annuity Model (HAM), and Viability Gap Funding (VGF). MA&UD Principal Secretary S. Suresh Kumar, at a meeting at the Secretariat on Tuesday (July 29, 2025) reviewed a portfolio of 30 revenue-generating projects across the State, which focus on enhancing urban liveability and sustainability. The projects include development of waste to energy facility in Kurnool, Kadapa, Nellore and Kakinada-Rajahmundry, construction of a modern bus stand in Chittoor. Also, for Visakhapatnam, monetisation of land at Rushikonda and ropeway to Kailasagiri, have been approved, according to a release from the department on Tuesday. In addition to the above, the government intends to take up urban infrastructure initiatives such as development of city roads in Visakhapatnam and Vijayawada under the Hybrid Annuity Model (HAM) for enhanced traffic management, road safety, and seamless urban transport. According to the release, a slew of tourism-friendly urban development projects under Visakhapatnam Metropolitan Region Development Authority (VMRDA) are also being launched. The Principal Secretary said that these projects are designed to address critical infrastructure gaps and to attract private investment, generate employment, and improve the quality of urban life. He added that the emphasis on PPP and hybrid financing models ensures optimal risk-sharing and better outcomes for public service delivery. Commissioner and Director of Municipal Administration, representatives from the Finance Department, Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML), and Municipal Commissioners took part in the meeting.
