New Delhi, Nov 25: India is entering a multi-year infra super-cycle, with the Nifty Infrastructure index delivering 2 times returns of the Nifty 50 over the past three years, a report said on Tuesday.

India’s infrastructure equities have evolved from defensive to high‑beta, high‑alpha and could nearly double in market size by 2030 to around Rs 25 lakh crore, the report from Smallcase said.

Analysts said that the growth is driven government spending and private capex revival — helped by PLI schemes, global supply-chain shifts, and manufacturing incentives.

Smallcase estimated that Rs 1 of infrastructure capex delivers roughly Rs 2.5 — Rs 3 of GDP impact.

Markets are likely to maintain a high beta to infrastructure execution; earnings visibility across engineering, construction, industrials, cement, power equipment and logistics remain robust, the report noted.

InvITs growth will be underpinned by predictable, contract-based revenue streams offering pre‑tax yields of about 10–12 per cent and post‑tax returns near 7–9 per cent generally higher than many conventional fixed-income instruments.

The Nifty Infrastructure Index returned 14.5 per cent, 82.8 per cent and 181.2 per cent over the past 1, 3 and 5 years, outperforming the Nifty 50’s 10.5 per cent, 41.5 per cent and 100.3 per cent, the report said.

“Though Infrastructure investment in India Although these assets can experience temporary fluctuations during periods of market uncertainty, their historical volatility of about 10.2 per cent is well below the equity market’s 15.4 per cent, resulting in comparatively steadier performance,” said Abhishek Banerjee, Investment manager on smallcase, and founder of LotusDew.

With a correlation of only 0.42 to equities, infrastructure platforms tend to behave similarly to utilities, producing consistent, inflation-linked income that is largely unaffected by economic swings, he added.

Ayodhya, Nov 25: After leading the ‘Dhwajarohan Utsav’ by hoisting the sacred flag atop the Ram Janmabhoomi Temple on Tuesday, Prime Minister Narendra Modi said that the day marks the end of centuries of pain and struggle.

PM Modi and RSS chief Mohan Bhagwat led the ‘Dhwajarohan Utsav’ at the Ram Janmabhoomi Temple by hoisting the specially-designed sacred saffron flag atop the temple.

Addressing the large gathering from the Ram Janmabhoomi temple premises, PM Modi said, “Today, the city of Ayodhya is witnessing another turning point in India’s cultural consciousness. Today, the entire country, the entire world is filled with devotion for Lord Ram.”

The ceremony holds deep cultural and spiritual meaning for devotees across the country.

“Every Ram devotee’s heart is filled with immense satisfaction, gratitude and happiness. ‘Sadiyo ke ghav bhar rahe hain (centuries old wounds are healing today)’. The pain of centuries is coming to an end today, and the resolve of centuries is achieving success today. Today is the ‘poornahuti’ (final offering)’ of that ‘yagna’ whose fire burned for 500 years. The yagya that never wavered in faith, not even for a moment,” he added.

The flag, specially crafted for the Ram Temple, measures 22 feet in length and 11 feet in width. Designed by a parachute specialist from Ahmedabad, Gujarat, the flag weighs between 2 and 3 kilograms and has been designed to withstand winds at high altitudes.

The flag carries the Sun symbol, representing Lord Rama’s Suryavanshi heritage and divine radiance. The flag is adorned with an image of the Kovidara tree, Sun and Om. It is saffron in colour — symbolising fire, the rising Sun, sacrifice and dedication.

Speaking about the sacred flag, PM Modi said, “This Dharma Dhwaj is not just a flag, it is the symbol of the renaissance of Indian civilisation. The flag’s saffron colour, the symbol of the Sun, the holy word ‘Om’ and the Kovidar tree represent the glory of Ramrajya. This ‘Dhwaj’ is a resolution, a success, a tale of creation from struggle, a representation of a dream come true, an evidence of saints’ devotion and social participation.”

“This Dharm Dhwaj will become an inspiration of ‘Pran jaaye par vachan na jaaye’ (We will give our life to keep a promise). This will give a message that ‘Karma’ and ‘Kartavya’ should be given priority in the world. This will also make us resolve to maintain peace and prosperity in society, where no one is poor and suffering,” he added.

The event marks the completion of the temple construction.

Hyderabad, Nov 25: Six people were injured in a massive fire in an electronics shop in the old city of Hyderabad.

On Monday night, the fire started in the electronics shop on Shahalibanda due to a short circuit, completely gutting it. A CNG cylinder explosion in a car parked in front of the shop further spread the blaze.

Eight fire engines, a skylift fire truck, and a firefighting robot were pressed into service to bring the blaze under control. It took more than two hours for the firefighting personnel to douse the flames.

The fire, which started in an electronics shop, spread to the adjoining warehouse and other shops, resulting in huge property loss.

A cloth shop was also completely gutted in the fire.

Window panes in the surrounding houses were also shattered under the impact of the explosion.

The fire was also suspected to have intensified due to the explosion of several refrigerator cylinders, geysers and electronic items stored in the shop.

Deputy Commissioner of Police (South Zone) Khare Kiran Prabhakar said, prima facie, the fire started in an electronics shop due to a short circuit.

The flames engulfed the CNG car parked in front of the shop, and the cylinder blast caused the fire to spread rapidly.

Few people were working in the shops, and a few were also sitting in the car. Because of fire and an explosion, six people were injured and admitted to the hospital.

The DCP told the media that firefighters brought the situation under control, preventing further damage.

He appealed to citizens not to believe fake news circulating on social media. He urged them to rely only on official information from the police and avoid sharing unverified news that may lead to unnecessary panic.

According to eyewitnesses, the loud explosion was heard in a radius of one kilometre, triggering panic among residents.

Locals also claimed that the clock on the nearby Rajarai Clock Tower also stopped at the time of the explosion.