Page 8 - Latest Updates on Capital Expenditure
GDP growth prospects bright, private capex takes off: CEA Nageswaran
On inflation, Nageswaran said that the food inflation is likely to subside with the arrival of fresh stock in the market and government pre-emptive measures
 "GDP growth prospects bright, private capex takes off: CEA Nageswaran")
Nurturing capex
With foreign investments declining, it is necessary to maintain growth in government capital expenditure
 "Nurturing capex")
India Inc plans to press the pedal on capital expenditure: CEO poll
59% expect markets to remain buoyant; rising prices a worry for 27%
 "India Inc plans to press the pedal on capital expenditure: CEO poll")
NHAI, Railways on track to achieve 60% of capital expenditure target in H1
Capex by CPSEs touches 35% of target in Apr-July
 "NHAI, Railways on track to achieve 60% of capital expenditure target in H1")
Foreign players' share in private sector capital expenditure declines
Domestic players are driving new project announcements
 "Foreign players' share in private sector capital expenditure declines")
India1 Payments to expand white-label ATM network to 20,000 units in 3 yrs
At present, white-label ATMs represent 15 per cent of all ATMs in India
 "India1 Payments to expand white-label ATM network to 20,000 units in 3 yrs")
Capital expenditure by CPSEs touches 32% of target in first quarter
NHAI and Railways start the capex cycle on a stronger note
 "Capital expenditure by CPSEs touches 32% of target in first quarter")
Over Rs 19K crore capex lined up for adding airport capacity in FY24
The country has more than 140 airports
 "Over Rs 19K crore capex lined up for adding airport capacity in FY24")
Centre's fiscal deficit at 11.8% of FY24 Budget target, shows CGA data
The finance ministry has targeted to bring down the fiscal deficit to 5.9 per cent of GDP in FY24 from 6.4 per cent of GDP in the preceding year
 "Centre's fiscal deficit at 11.8% of FY24 Budget target, shows CGA data")
Centre approves Rs 56,415 cr to 16 states as special assistance for capex
The highest amount of assistance totalling Rs 9,640 crore will be given to Bihar
 "Centre approves Rs 56,415 cr to 16 states as special assistance for capex")
Private sector capex will be key contributor to growth: CEA Nageswaran
Chief Economic Advisor V Anantha Nageswaran expressed optimism about India's growth potential on Thursday during a special interactive session organized by FICCI
 "Private sector capex will be key contributor to growth: CEA Nageswaran")
Mahindra & Mahindra increases capex outlay for FY22-24 to Rs 15,900 cr
The company continued to focus on value creation through capital allocation, partnerships and monetization, M&M said
 "Mahindra & Mahindra increases capex outlay for FY22-24 to Rs 15,900 cr")
Wheels India reports Q4 net profit of Rs 24.8 cr, earmarks Rs 200 cr capex
For the financial year ending March 31, 2023 the company registered net profit of Rs 65.2 crore as against Rs 79.8 crore in the previous year
 "Wheels India reports Q4 net profit of Rs 24.8 cr, earmarks Rs 200 cr capex")
Gail to borrow up to Rs 7,000 cr to fund Rs 10,000 cr capex plan in FY24
The company is also contemplating entering into the ethane cracker, but the plans are still on the drawing board
 "Gail to borrow up to Rs 7,000 cr to fund Rs 10,000 cr capex plan in FY24")
Capex by large state-run firms jump 121% to Rs 53,000 crore in April
Expenditure cycle of NHAI, petroleum CPSEs off to a strong start
 "Capex by large state-run firms jump 121% to Rs 53,000 crore in April")
New phase of capex cycle to start soon, say analysts. Top stocks to bet on
Helped by a property upcycle, analysts at Jefferies believe various government initiatives are likely to drive capex going ahead
 "New phase of capex cycle to start soon, say analysts. Top stocks to bet on")
States used Rs 82K cr of Rs 1 trillion capex support allotted in FY23
The Centre has provided 50-year, interest-free loans to states to augment their capital expenditure requirements in the past three Budgets
Under construction
Project delays must be avoided
 "Under construction")
Delphi-TVS Technologies JV to take up capex worth 450 cr at Chennai plant
Delphi-TVS Technologies, a joint venture between diversified conglomerate TVS Group and auto-component major BorgWarner, has lined up investments worth about Rs 450 crore over the next 3 years
 "Delphi-TVS Technologies JV to take up capex worth 450 cr at Chennai plant")
Reserve Bank likely to help states to analyse, frame their capex numbers
As of now, the states are handicapped because there is no format they can borrow from the centre to guide them on tracking their capex except the financial support
 "Reserve Bank likely to help states to analyse, frame their capex numbers")
