Latest news with #HybridAnnuityModel
Hans India
7 days ago
- Business
- Hans India
Slow pace of admin irks ministers
Hyderabad: It seems like the higher echelons in the state administration are still not mustering the required pace and momentum that is expected of those representing a state government that has been in office for the past 18 months. Sources told Hans India that many ministers in the state cabinet are unhappy at the slow pace of administration in the state Secretariat. Many Secretaries heading various departments have failed to accomplish the tasks before the deadline. Added to that many of them are slow in clearing files. The Education and MA&UD wings, the portfolios which are with the Chief Minister A Revanth Reddy, have also not been spared from the lethargic approach. There have been delays in completing the assigned works. The finance, agriculture, R&B, civil supplies, endowments, panchayat raj and welfare departments are consuming a lot of time to clear files pertaining to implementation of policies, employees' grievances and release of funds, among others. After the state government announced taking up road development under HAM (Hybrid Annuity Model), the execution agency R&B Department has been moving at a snail's pace to ground works in many districts due to delay in finalisation of private stakeholders. Under the HAM model, the state government has agreed to bear 40 per cent of the funding with the remaining 60 per cent set to be borne by private agencies. Many files requiring clearance are pending at different stages with the Secretary and Engineer-in-Chief in the Secretariat. Although R&B Minister Komatireddy Venkat Reddy has been coaxing top officials to expedite the works, they remain on paper. Civil Supplies Minister N Uttam Kumar Reddy drew an action plan for the issue of new white ration cards from May. Ironically, the department officials have not yet made arrangements to clear the applications, Officials said that the minister is eager to issue the ration cards in a time bound manner, but the Secretariat level authorities remain oblivious of the urgency. Agriculture Minister Thummala Nageswara Rao has been asking the top officials to ensure a speedy release of funds under the Rythu Bharosa scheme. Farmers, who own over five acres of land, are still waiting for the scheme benefits. Vexed with the official apathy of finance and agriculture wings, the Minister seems to have given up all hope of early implementation. Officials from the endowments wing are consuming more time to execute Minister Konda Surkeha's orders as regards the release of funds for refurbishing prominent temples in the state. A similar tragic tale haunts the Panchayat Raj department, especially in the districts. The Chief Minister has been asking MA&UD officials to expedite the process for urban development vis-à-vis 17 urban development authorities in the districts. The files for clearance were still pending at different stages due to various reasons. The ministers are fuming at Secretaries for not implementing policy decisions and their failure to clear files pertaining to promotions, transfers and disbursement of other benefits to government employees. Meanwhile, some Secretaries are blaming the GAD officials for the delay in file approvals despite repeated pleas by the ministers.
Hans India
28-05-2025
- General
- Hans India
Accelerate AMRUT 2.0 works in Anantapur: Collector
Anantapur: Collector Dr. Vinod Kumar V., IAS, directed officials to expedite the ongoing works under AMRUT 2.0 during the District Advisory Monitoring Committee (DAMC) meeting held on Tuesday at the Mini Conference Hall of the Anantapur Collectorate. The Collector emphasized the need for swift implementation of projects in Anantapur, Guntakal, and Tadipatri municipalities under the AMRUT 2.0 scheme. He instructed Public Health Engineering officials to take a proactive approach to complete works under the Hybrid Annuity Model and to install display boards in line with the Collectorate setup across all municipalities, with designated in-charge officers for supervision. He also urged officials to focus on Yoga Andhra registrations and land surveys, recommending a drive-mode operation with regular monitoring. The meeting was attended by Public Health Executive Engineer Adinarayana, APSPDCL SE Seshadri Shekhar, Urban Development SE Chandrasekhar, Horticulture AD Firoz Khan, Public Health DEs Ketan Kumar Reddy and Jyothi, and several Municipal Commissioners.
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Business Standard
22-05-2025
- Business
- Business Standard
HG Infra shares slump 9%, log worst day in over a month on weak Q4
Shares of HG Infra Engineering tumbled over 9 per cent in Thursday's intraday session as net profit for the fourth quarter of the financial year 2025-25 (Q4FY25) fell by 22.65 per cent. The civil construction firm's stock fell as much as 9.07 per cent during the day to ₹1,187 per share, the biggest intraday fall since April 7 this year. The stock pared losses to trade 6.4 per cent lower at ₹1,173 apiece, compared to a 0.88 per cent decline in Nifty 50 as of 9:58 AM. Shares of the company have fallen over 8 per cent from their recent highs of ₹1,275, which it hit earlier this month. The counter has fallen 22 per cent this year, compared to a 3.7 per cent advance in the benchmark Nifty 50. HG Infra has a total market capitalisation of ₹7,655.65 crore, according to BSE data. Track LIVE Market Updates Here HG Infra Q4FY25 results HG Infra's net profit slipped by 22.65 per cent to ₹146.98 crore in the quarter ended March 2025, compared to ₹190.03 crore in the corresponding quarter of the previous financial year. Revenue from operations fell by 20.33 per cent to ₹1,360.89 crore in the quarter ended March 2025, as against ₹1,708.26 crore in the same quarter last year. For the full year, net profit declined by 6.15 per cent to ₹505.47 crore in the year ended March 2025, compared to ₹538.59 crore in the previous financial year. Revenue from operations declined by 5.99 per cent to ₹5,056.18 crore in the year ended March 2025, as against ₹5,378.48 crore in the preceding year. The company's board also recommended a final dividend of ₹2.00 per equity share of face value ₹10 each for the financial year ended March 31, 2025. About HG Infra Engineering Established in 2003, HG Infra Engineering is an infrastructure development company. The company has expertise in providing EPC services on a turnkey basis and executing projects under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure projects. H.G. Infra has also diversified into railways, metro, solar power, and water projects.
Hindustan Times
30-04-2025
- Business
- Hindustan Times
Union cabinet approves Mawlyngkhung-Panchgram greenfield expressway
The union cabinet, under the chairmanship of Prime Minister Narendra Modi on Wednesday granted the approval for a 166.80 km greenfield expressway (national high-speed corridor) along National Highway-6 connecting Mawlyngkhung near Shillong in Meghalaya to Panchgram near Silchar in Assam. The entire stretch will comprise 34 viaducts, 19 major bridges, and 153 minor bridges. This expressway will not only improve connectivity between these two states but also between the rest of the country and the northeastern states of Meghalaya, Tripura, Mizoram, and Manipur. The project is poised to become the shortest and fastest freight route for trucks and heavy vehicles bound for Silchar and further east. The corridor will also spur economic development, including development of industries in Meghalaya, as it passes through cement and coal production areas of Meghalaya, a government release said. 'This corridor will cater to the national and international tourists coming from well-connected Guwahati Airport, Shillong Airport, Silchar Airport (via existing NH-06) connecting Guwahati to Silchar. This would connect scenic places of tourist attraction in the North-East and promote tourism.' The construction will be executed under the Hybrid Annuity Model (HAM) with a total capital outlay of ₹22,864 crore. Taking to X, union road transport and highway minister Nitin Garkari said this expressway will link five PM Gati Shakti economic nodes, significantly enhancing regional economic integration. Once completed, the road will reduce journey time from eight hours and 30 minutes to just five hours. The travel distance between Guwahati and Silchar will shrink to 245 kilometres—an approximate reduction of 25%—while average vehicular speeds are expected to double, he added.
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Business Standard
29-04-2025
- Business
- Business Standard
Here's why this civil construction stock climbed 5% in trade on April 29
H G Infra Engineering share price today: Shares of civil construction company HG Infra Engineering were ruling higher in the bourses on Tuesday, April 29, 2025. The company's share price climbed 5.47 per cent to ₹1,145 during intra-day deals on Tuesday. The upward movement in the HG Infra share price followed the company's announcement that H G Raipur Visakhapatnam OD-5 Private Ltd, a wholly owned subsidiary of the company, has received the provisional certificate for a project worth ₹1,492.11 crore. According to the exchange filing, the project involved the development of a six-lane Kaliagura–Baunsaguar section of NH-130-CD Road from km 249+000 to km 293+000 under the Raipur–Visakhapatnam Economic Corridor in the state of Odisha, on a Hybrid Annuity Mode (Package OD-5). 'The provisional certificate dated April 25, 2025, has been issued by the Independent Engineer and received by the company on April 28, 2025. The project has been declared fit for entry into commercial operation on January 4, 2025,' the company said in an exchange filing on the NSE. About H G Infra Engineering Established in 2003, H G Infra Engineering (HGIEL) is an infrastructure development company. The company has expertise in providing EPC services on a turnkey basis and executing projects under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure projects. H.G. Infra has also diversified into railways, metro, solar power, and water projects. Also Read H G Infra Engineering share price history HG Infra Engineering's share price has declined nearly 27 per cent year-to-date. In contrast, the benchmark Nifty50 has advanced 2.5 per cent during the same period. HG Infra Engineering shares scaled their 52-week high of ₹1,879.90 on the NSE on July 16, 2024, while they slipped to their 52-week low of ₹928.55 on March 3, 2025. At 2:01 PM on Tuesday, the civil construction company's shares were trading around ₹1,102.50 per share, up 1.85 per cent from the previous close of ₹1,085.60 apiece on the NSE. Meanwhile, the benchmark BSE Sensex was trading higher by 172 points or 0.22 per cent at 80,390, and the NSE Nifty at 24,363.95, up 35 points or 0.15 per cent.
