Capex

After PM Modi's call, ministers, NDA chief ministers cut convoy size

Government says Prime Minister Narendra Modi's appeal focuses on prudent fuel use and reducing import dependence, not fiscal tightening or spending cuts

Govt to continue with budgeted capex due to global uncertainties: Official

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

Railways to rationalise 29,608 posts in FY27 despite record capex push

Railways plans to rationalise nearly 30,000 posts in FY27 as part of workforce optimisation, even as it receives record capital allocation for modernisation and expansion

State-wise gaps in SASCI fund utilisation widen as scheme expands: SBI

SBI report highlights widening gaps in SASCI fund utilisation across states, with uneven absorption and signs of substitution as the scheme expands in scale and complexity

States' capex growth to slow to 8-10% in FY27 amid fiscal squeeze: Report

States' capital expenditure growth is likely to slow down to 8-10 per cent in FY27 from 17 per cent in FY26, a report said on Monday. The moderation will primarily result from tighter fiscal headroom due to rising revenue expenditure commitments and a moderation in revenue growth, Careedge Ratings said. The domestic rating agency warned that the moderation may be accentuated by a geopolitical crisis in West Asia, explaining that the conflict's fallout could hit capital outlays by exerting pressure on both revenues and expenditures through its impact on energy prices. "With fiscal space becoming tighter due to rising revenue expenditure commitments and moderation in revenue growth, state capex growth is expected to moderate to around 8-10 per cent in FY27," the agency said. Its associate director Prasanna Krishnan said the revenue growth for states is expected to remain moderate through FY26 and FY27 on a tapering of grants from the Centre, with external headwinds further weighing o

States spend just 55% of annual capex target by February: CAG data

Twenty-two states spend just over half of their FY26 capex target by February, lagging behind the Centre, while revenue spending and tax collections show steadier progress

CEOs upbeat on FY27 capex amid West Asia war cloud: Business Standard poll

Prolonged West Asia conflict, supply chain woes major concerns

Power Grid outlook strong on capex push, but valuations look stretched

Power Grid's strong capex pipeline and improved execution support growth outlook, but elevated valuations temper upside for the regulated utility

India Inc to pull back on capex by 16.5% in FY27, says NSO Survey

Private sector capex intentions decline 16.5 per cent to Rs 9.55 trillion in FY27, reflecting a cautious investment outlook despite modest rise in per-enterprise spending

Tata Capital gets ₹413 cr tax demand; to challenge reassessment order

Non-banking finance company Tata Capital has received a reassessment order from tax authorities, raising a demand of Rs 413.18 crore for the financial year 2017-18, the firm said. The order, issued by the Deputy Commissioner of Income Tax, Mumbai, under the Income-tax Act and uploaded on March 20, 2026, pertains to Tata Capital Financial Services Ltd (TCFSL), which has since been merged with Tata Capital with effect from April 1, 2023. The demand includes interest of Rs 202.72 crore and primarily arises due to alleged short credit of taxes paid and certain disallowances, Tata Capital said in a stock exchange filing on Saturday. However, the company said the demand is based on apparent errors in the computation. It stated that the assessing officer incorrectly allowed a tax credit for Tata Capital instead of TCFSL, leading to a shortfall in credit and consequential interest levy. Tata Capital said the entire demand, comprising Rs 209.52 crore of tax and Rs 202.72 crore of interest,

L&T hopes govt will sustain capex, widen deficit amid West Asia crisis

Amid concerns over a surge in import bill because of commodity price hardening in the wake of the Middle East conflict, Larsen & Toubro is hoping that the government continues with its capital expenditure even if it means a widening of fiscal deficit. The engineering, procurement and construction major feels the government should borrow more if needed to continue with capital expenditure, a senior official has said. "The import bill will go up because of oil and gas prices. The government will have to balance it. They will maybe temporarily raise the deficit, may be they will borrow more," its Deputy Managing Director Subramanian Sarma told reporters over the weekend. "Overall, if you look at it, our fiscal situation is pretty good... we have some headroom so that we don't compromise on the capital for the infrastructure," Sarma added. He also noted India has been able to curtail the fiscal deficit after the impact of the Covid pandemic. Spends on infrastructure are necessary to .

Capex pours into 3 states, yet efficiency blooms elsewhere: Report

UP, Maharashtra, and Gujarat dominate capital expenditure, while Karnataka and Telangana lead in capital efficiency, highlighting divergence in investment patterns across states

States spent only 51.8% of capex budget till January, shows data

States spent only 51.8 per cent of their combined FY26 capital expenditure budget during April-January, trailing the Centre's capex pace, according to CAG data

Vodafone Idea and Ericsson tie up for deploying additional capex

These efforts will lead to enhanced indoor coverage, improved data capacity and support Vi's ongoing efforts for expanding 5G and 4G connectivity

PSBs, power stocks lift BSE PSU index by 11% in 1 month, near record high

The BSE PSU index hit a fresh 52-week high of 22,583.56 in Wednesday's intra-day trade, inching towards its all-time high level of 23,018.87 on August 1, 2024

Smallcap firms' Q3FY26 performance offers silver lining in equity markets

The Indian equity markets have underperformed most global markets since the peak in September 2024, after an 18-month bull run

Corporate India's capital expenditure cycle shifts into top gear

At 13.1%, fixed asset creation by leading listed firms hit six-year high in H1FY26

Govt's FY27 capex to focus on highways, rail, metros: Expenditure Secy

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

Outcome Budget data raises questions on returns from government capex

The Outcome Budget or OOMF is meant to link government spending to measurable results, but near-identical targets across years highlight gaps in assessing returns on public investment

Union Budget 2026-27 favours capital expenditure over consumption

In comparison, the central government revenue expenditure is budgeted to decline by 2.5 per cent Y-o-Y to Rs 22.29 trillion in FY27 from FY26 revised estimates (FY26RE) of Rs 22.76 trillion