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Capex Spending
NTPC expects to build 244 gigawatts of operating capacity and envisage capital expenditure of Rs 16.86 lakh crore by 2037 as it looks to boost the entire energy value chain, the company's Chairman Gurdeep Singh said on Thursday. The next decade will be one of the most significant periods of growth in NTPC's history, Singh said, noting India's electricity requirement will continue to rise as the economy expands and living standards improve. At the same time, the composition of the power system will change rapidly, he said while addressing the shareholders at the company's 50th Annual General Meeting (AGM). "We have raised our long-term capacity ambitions and now target generating capacity of 149 GW by 2032, including 60 GW of renewable energy, with an aspiration to reach 244 GW by 2037 excluding storage," Singh said. Currently, NTPC has a capacity of around 91 GW. The company also envisages cumulative capital expenditure of around Rs 16.86 lakh crore up to FY37, across thermal, hyd
State-owned Hindustan Copper Ltd (HCL) on Tuesday said it is planning capital investment of over Rs 7,000 crore over the next five to six years, as part of an expansion drive that includes exploration, mine revivals and strategic partnerships. In a regulatory filing, the company said it has taken several strategic initiatives in the copper and critical minerals segment, and has lined up capital investment of over Rs 7,000 crore planned in the next 56 years. The development assumes significance in the wake of the country's rising copper demand, driven by infrastructure expansion, renewable energy, electric mobility and other clean-energy applications. The company, in a regulatory filing, said it has added 135.52 million tonnes of copper ore reserves and resources in the past three years, underlining a steady improvement in its resource base. HCL said it is actively pursuing the acquisition of new copper deposits both within India and overseas. A key focus of the plan is the reopenin
Capital expenditure across sectors linked to mining and construction equipment is likely to nearly double to Rs 10 lakh crore by 2030, driven by accelerated work on national highways, metro rail, ports, airports and critical mineral extraction, a report said on Tuesday. In 2025, capital expenditure across sectors linked to mining and construction equipment stood at Rs 5.5 lakh crore. India's mining and construction output stands at around USD 430 billion, close to 11 per cent of GDP, and supports the livelihoods of over 70 million people across the value chain, according to a report by the Confederation of Indian Industry (CII) and Boston Consulting Group (BCG), released on Tuesday. The report titled -- Pressing the Throttle: How India's Mining and Construction Industry Can Support Domestic Ambitions and Become a Global Force, noted that the sector must adapt quickly to remain fit for purpose, highlighting three priorities. Moreover, the technology base is shifting rapidly, with ..
Premier Energies is planning to invest around Rs 6,000 crore over the next three years to build ingot and wafer capabilities to become an integrated player in solar manufacturing in India, a senior company official has said. This investment is part of the company's Rs 12,500 crore capex plan, which also includes more than doubling cell and module capacity to 10.6 gigawatt and 11.1 gigawatt and foraying into new areas like inverters, batteries and transformers, Vinay Rustagi, Chief Business Officer (CBO) at Premier Energies, told PTI in an interview. "We are investing to build our capabilities further. Our total investment in the ingot and wafer business will be approximately Rs 6,000 crore over the next three years (by 2028)," he said in reply to a question about whether the company is working on strategies of strong backward integration. He informed that the project has been approved by the Andhra Pradesh government, which has provided 200 acres of land in Naidupeta, around 45 ...
The government is committed to the budgeted Rs 12.22 lakh crore capital expenditure in the current fiscal despite the fiscal stress arising from the ongoing West Asia crisis, a senior official said on Friday. Expenditure Secretary V Vualnam said the upcoming few months, the next quarter and the year ahead would be very difficult to envisage with lots of possible stress points. " So the fiscal stress is indeed very much a reality, but at the same time the priority sectors... the CAPEX would really be a priority item which we would like to preserve and ensure that it continues at the budgeted level," Vualnam said at the ICPP Growth Conference organised by the Ashoka University. He said highways, railways, shipping, ports, and urban development sectors would be the focus areas for FY'27 capex. Stating that the current global uncertainties have thrown a "very challenging situation" for India, he said, the government has been proactive in trying to tackle each situation with agility. B
The key focus of the government's Rs 12.2 lakh crore capex for the next fiscal will be mainly on sectors like shipbuilding, national highways, railways, and metro train projects, Expenditure Secretary V Vualnam said. The government has budgeted total expenditure in 2026-27 at over Rs 53.47 lakh crore, of which about Rs 12.22 lakh crore is projected to be the capital expenditure, meaning it would be spent on building physical infrastructure. In a post-Budget interview to PTI, Vualnam said the sectors, which have huge ongoing and new projects, like the national highways, railways, and the urban sector, to the extent of metro train projects, will continue to dominate the government public capex spending in the next fiscal. "Shipbuilding has become an infrastructure sector, and will also now be a big player. We are very keen to improve our share in shipbuilding (globally). Of India's import-export cargo, just about 5 per cent goes on India-owned ships. About Rs 6 lakh crore (annually) i