EducationIPM · Central Project +15.7% Overrun#602099

Establishment of Permanent campus Phase 1 of IIM Sirmaur

Department of Higher EducationHimachal PradeshData: 2026-05

Revised Cost: ₹455 CrUtilization: 74.2%Overrun: +₹62 Cr

Original Cost

₹393 Cr

Baseline estimate

+16%

Revised Cost

₹455 Cr

Latest approved cost

Expenditure

₹338 Cr

Spent to date

Utilization

74.2%

Of revised budget

Escalated

Cost Status

+15.7%

+₹62 Cr increase

Remaining

₹117 Cr

Budget left

Budget Utilization

74.2%

0%25%50%75%100%

Spent

₹338 Cr

Remaining

₹117 Cr

Total

₹455 Cr

Budget Split

SpentRemaining

Cost Escalation Analysis

Original Cost

₹393 Cr

Revised Cost

₹455 Cr

Increase

+₹62 Cr

Escalation

+15.7%

Project Timeline

Project Approved

Construction / Implementation

Original End Date

31/10/2023

Revised Completion

30/06/2026

Completed

Project Details

Project Code602099

SectorEducation

MinistryDepartment of Higher Education

StateHimachal Pradesh

Data Month2026-05

Financial & Timeline

Original Cost₹393 Cr

Revised Cost₹455 Cr

Expenditure₹338 Cr

Original End Date31/10/2023

Revised Date30/06/2026

Project Intelligence

Cost has increased by ₹62 Cr (15.7%) from the original estimate of ₹393 Cr.

Expenditure stands at ₹338 Cr, which is 74.2% of the revised project cost.

Remaining budget: ₹117 Cr. Project is tracked under the DPIIT Investment Project Monitoring system.

Sector: Education. Ministry: Department of Higher Education.

Frequently Asked Questions

What is IPM project "Establishment of Permanent campus Phase 1 of IIM Sirmaur"?: Establishment of Permanent campus Phase 1 of IIM Sirmaur is a centrally-funded infrastructure project under the Department of Higher Education, tracked through the Investment Project Monitoring (IPM) system. Sector: Education. State: Himachal Pradesh. Original cost: ₹393 Cr.
What is the cost overrun for this Bihar IPM project?: The original cost was ₹393 Cr and has been revised to ₹455 Cr — a cost overrun of +15.7%. Expenditure to date: ₹338 Cr (74.2% of revised cost). Data as of 2026-05.
Which ministry is responsible for this project?: Establishment of Permanent campus Phase 1 of IIM Sirmaur is under the Department of Higher Education in the Education sector. Project code: 602099. Bihar is one of the states tracked under the central IPM dashboard for this project.
What is the IPM dashboard and what does it track?: The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. Establishment of Permanent campus Phase 1 of IIM Sirmaur is one of several Bihar projects tracked under the Education sector on the IPM system.

Frequently Asked Questions

What is IPM project "Establishment of Permanent campus Phase 1 of IIM Sirmaur"?

Establishment of Permanent campus Phase 1 of IIM Sirmaur is a centrally-funded infrastructure project under the Department of Higher Education, tracked through the Investment Project Monitoring (IPM) system. Sector: Education. State: Himachal Pradesh. Original cost: ₹393 Cr.

What is the cost overrun for this Bihar IPM project?

The original cost was ₹393 Cr and has been revised to ₹455 Cr — a cost overrun of +15.7%. Expenditure to date: ₹338 Cr (74.2% of revised cost). Data as of 2026-05.

Which ministry is responsible for this project?

Establishment of Permanent campus Phase 1 of IIM Sirmaur is under the Department of Higher Education in the Education sector. Project code: 602099. Bihar is one of the states tracked under the central IPM dashboard for this project.

What is the IPM dashboard and what does it track?

The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. Establishment of Permanent campus Phase 1 of IIM Sirmaur is one of several Bihar projects tracked under the Education sector on the IPM system.