Business Economy


Central infrastructure projects worth Rs 19,184 cr commissioned in September: Brickwork Ratings

Hyderabad, Nov 3 (UNI) Central infrastructure projects worth Rs 19,184 crore were commissioned in September 2026, the highest monthly value recorded during the second quarter of FY27, according to Brickwork Ratings.
The commissioning included the 1,320-MW Buxar Thermal Power Project, valued at Rs 13,757 crore, and the NMDC Slurry Pipeline Project Phase-I, worth Rs 5,427 crore.
In comparison, four notable projects worth Rs 7,402 crore were commissioned in July, while three projects valued at Rs 3,237 crore were commissioned in August.
The ratings agency said onboarding of new projects increased significantly to 83 in September from 37 in August and 36 in July.
Railways accounted for 57 of the new projects, followed by Road Transport and Highways with 16 and Power with seven.
Transport and Logistics accounted for around 48-53 per cent of the estimated project costs during the quarter, while Energy contributed approximately 29-32 per cent.
According to the analysis of 1,853 central infrastructure projects monitored by the Ministry of Statistics and Programme Implementation (MoSPI), 780 were mega projects involving an outlay of Rs 1,000 crore or more, while 1,073 were major projects costing less than Rs 1,000 crore.
The total expenditure on these projects stood at Rs 17.73 lakh crore as of September 2026, accounting for 47.21 per cent of the latest estimated project cost.
The analysis further showed that 654 projects, or around 35 per cent, had achieved more than 80 per cent physical progress, while 338 projects, or about 18 per cent, had crossed 80 per cent financial progress.
Brickwork Ratings Chief Ratings Officer K H Patnaik said commissioning of infrastructure assets could facilitate their transition from the construction phase to revenue-generating operations.
However, the generation of cash flows would depend on utilisation, tariff and offtake arrangements, operating costs and financing structures.
The agency's credit assessment would focus on the ability of projects to generate predictable cash flows to meet debt-servicing obligations, he added.
UNI KNR CDS
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