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Infrastructure projects see cost overrun of Rs 3.4 lakh cr: MoSPI

Ongoing infrastructure projects show a Rs 3,40,504 crore cost overrun on projects over Rs 150 crore. Over 1,700 projects are monitored, with revised costs significantly higher than original estimates. Many projects are progressing well, with over half showing substantial physical and financial completion. The Transport and Logistics sector leads in project numbers and revised cost estimates.

Infrastructure projects see cost overrun of Rs 3.4 lakh cr: MoSPI

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Equinor Eyes Major Oil Discovery Offshore Namibia

Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday.

  • Equinor expects major oil discovery in offshore Namibia.
  • PEL 90 license could yield TotalEnergies, Galp-like find.
  • Deal marks Equinor's first presence in Namibian exploration.

More from Tuesday 25 August →