Business Standard

Capex

Govt targets higher capex in upcoming Budget amid fiscal gains and optimism

The Union Budget is set to project higher capex, surpassing the Rs 11.1 trillion outlined in the Interim Budget, reflecting India's improved fiscal discipline and global investment prospects

Govt targets higher capex in upcoming Budget amid fiscal gains and optimism
Updated On : 13 Jul 2024 | 2:59 PM IST

Adani to invest Rs 1.3 trn in FY25 across portfolio companies, says CFO

The investment across portfolio companies that range from ports to energy, airports, commodities, cement and media will be 70 per cent met through internal cash generation

Adani to invest Rs 1.3 trn in FY25 across portfolio companies, says CFO
Updated On : 25 Jun 2024 | 2:40 PM IST

Budget 2024-25: Highway capital expenditure may rise up to 10%

Experts understand it as reasonable, given the high base the highway budget is operating on due to back-to-back bumper hikes in the previous two financial years

Budget 2024-25: Highway capital expenditure may rise up to 10%
Updated On : 21 Jun 2024 | 11:39 PM IST

Budget 2024: Capex momentum for developing highways likely to continue

Focus will be on the quality of work done and not just the length of highways built, say senior govt officials

Budget 2024: Capex momentum for developing highways likely to continue
Updated On : 21 Jun 2024 | 11:31 AM IST

Budget 2024: Renewable sector likely to get double-digit capex allocation

Union Budget 2024: Capital expenditure for renewable power may witness a double-digit allocation, with capacity expected to reach 180-gigawatt by FY26, according to a CRISIL report

Budget 2024: Renewable sector likely to get double-digit capex allocation
Updated On : 20 Jun 2024 | 6:28 PM IST

Budget Watch: Will oil companies have the cushion of a mega net zero fund?

Rs 15,000 crore fund has the potential to open up major capex for green projects

Budget Watch: Will oil companies have the cushion of a mega net zero fund?
Updated On : 20 Jun 2024 | 10:36 AM IST

Budget 2024 expected to boost infra, and logistics with increased capex

Even as the industry wants a 25% increase in capex allocation in the Budget for FY 2024-25 over revised estimates for FY24, experts feel there may be limited capacity to spend on projects

Budget 2024 expected to boost infra, and logistics with increased capex
Updated On : 19 Jun 2024 | 11:36 AM IST

Case for reforms validated by past experience: CII President Sanjiv Puri

India is growing at a time when most economies are under stress, Puri said

Case for reforms validated by past experience: CII President Sanjiv Puri
Updated On : 17 Jun 2024 | 6:30 AM IST

OEMs, electronic component companies seek greater govt support

Demand combination of upfront capex backing and PLI

OEMs, electronic component companies seek greater govt support
Updated On : 14 Jun 2024 | 10:45 PM IST

India Inc seeking Rs 5 trillion credit to fund capex: SBI Chairman Khara

State Bank of India Chairman Dinesh Kumar Khara has said there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crore are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for credit to fund working capital requirements and capacity expansion, he told PTI in an interview. "Now we have come to a stage where they (corporates) have started approaching banks for augmenting their capacity or for working capital purposes. Of course, this I can say with confidence because when we look at our unavailed term loan percentage, it has come down from 25 per cent to 18 per cent and when we see the working capital utilisation, even that has improved," he said. So, all these are confirming that private sector opportunities are going to be there and SBI will be in a position to create value for the sector, he said. At the same time, he said, "When we look at our pipeline for

India Inc seeking Rs 5 trillion credit to fund capex: SBI Chairman Khara
Updated On : 13 Jun 2024 | 11:53 PM IST

Price hike, capex moderation key for further gains in Bharti Airtel stock

Valuation is where analysts remain divided, given different assumptions on tariff hike quantum and on capex moderation

Price hike, capex moderation key for further gains in Bharti Airtel stock
Updated On : 11 Jun 2024 | 1:31 AM IST

Upgrading acquired Stelis unit to triple Syngene's biologics capacity by H2

The company plans to expand research and manufacturing facilities, allocates Rs 500 cr capex for FY25

Upgrading acquired Stelis unit to triple Syngene's biologics capacity by H2
Updated On : 10 Jun 2024 | 1:44 PM IST

Lok Sabha poll results: Portfolio shuffle may see capex-to-defensive switch

The 200 Day Moving Average -- a benchmark for a healthy bull market is also close enough to that level. A drop below 21,000 could have long-term bearish consequences.

Lok Sabha poll results: Portfolio shuffle may see capex-to-defensive switch
Updated On : 04 Jun 2024 | 10:47 PM IST

States achieve 84% of capex budget, 4 exceed target amount: CAG data

States with the lowest capex absorption included Nagaland, Chhattisgarh, Punjab, and Mizoram, according to CAG data

States achieve 84% of capex budget, 4 exceed target amount: CAG data
Updated On : 31 May 2024 | 11:04 PM IST

No better story than steel in reviving private capex: Tata Steel MD & CEO

In India, we expect the EBITDA per tonne to be a little lower though the spreads have improved a bit because it's a quarter where we have a lot of shutdowns, said TV Narendran

No better story than steel in reviving private capex: Tata Steel MD & CEO
Updated On : 31 May 2024 | 12:47 AM IST

Road transport fleet operators revenue to grow at 9-11% in FY25: CRISIL

Revenue growth of road transport fleet operators is expected to double to 9-11 per cent this fiscal, riding on better domestic demand amid tepid exports, CRISIL Ratings said on Thursday. It further said operating margin is seen improving 75-100 basis points on better fleet utilisation and steady fuel costs. According to the rating agency, the credit profile of operators should remain strong as well, as they may look to moderate capital expenditure (capex) towards fleet expansion, following strong additions in the past three fiscal years, as new guidelines for air-conditioned driver cabins kick in the next fiscal year. Fleet operators expanded their fleet size by 60 per cent in the three fiscal years through 2024, as demand recovered sharply post the Covid-19 pandemic and returns from fleet additions were immediate. "With focus now on consolidation of operations, fleet additions would moderate to 15 per cent of the existing fleet size this fiscal, on a significantly expanded base,"

Road transport fleet operators revenue to grow at 9-11% in FY25: CRISIL
Updated On : 23 May 2024 | 4:48 PM IST

Will invest about Rs 65K cr in the next 3 years: JSW Steel Joint MD & CEO

Demand in the last quarter did slow down a bit because of lower-priced imports and pre-election economic activity slowing. This will come back after the elections

Will invest about Rs 65K cr in the next 3 years: JSW Steel Joint MD & CEO
Updated On : 19 May 2024 | 10:34 PM IST

Large PSUs spend Rs 50,200 crore in capex in April FY25, says official

Large public sector companies have spent a little over Rs 50,200 crore towards capital expenditure in April FY25 alone, which is 6.46 per cent of their full fiscal target of Rs 7.77 lakh crore, an official said. The pace albeit is slower than Rs 54,177 crore capex spent in April FY24, about 7.3 per cent of the full year budget target of Rs 7.42 lakh crore. "The capex spending will pick up going forward. Also, the numbers for April are still provisional and will go up in the revised final numbers," the official told PTI. The capital expenditure during the first month of 2024-25 fiscal was driven by railways, road, and oil and gas sectors. The Indian Railways and sector PSUs spent Rs 26,641 crore in April, followed by National Highways Authority of India (NHAI) at Rs 6,645 crore. Among oil and gas sector PSUs, ONGC incurred capex of Rs 2,318 crore, Indian Oil Corporation (IOC) Rs 2,423 crore in the first month of the current financial year. Hindustan Petroleum Corp Ltd and Bharat .

Large PSUs spend Rs 50,200 crore in capex in April FY25, says official
Updated On : 12 May 2024 | 1:09 PM IST

Aluminium industry needs additional capex to reach net-zero emission: Study

The aluminium sector in India would need an additional capital expenditure (capex) of about Rs 2.2 lakh crore to attain net-zero carbon emissions, an independent study on Tuesday said. The study released by the Council on Energy, Environment and Water (CEEW) said that green energy can abate 49 per cent of the total emissions from the industry. A complete transition to renewable is not feasible at the moment as it is intermittent in nature, and backup will always be necessary in case of grid failure, it said. Net-zero aluminium could be 61 per cent more expensive, the study said, adding that decarbonising this industry would also lead to a yearly increase of Rs 26,049 crore in additional operating expenditure, as per the study. Although the country's per capita aluminium consumption is low at 2.5 kg (compared to the world average of 11 kg), the industry emitted nearly 77 million tonnes of CO2 in 2019-20, it said. Electricity consumption by plants accounted for 80 per cent of the to

Aluminium industry needs additional capex to reach net-zero emission: Study
Updated On : 30 Apr 2024 | 7:34 PM IST

Strong capex, domestic demand behind India's growth performance: IMF

Finance Minister Nirmala Sitharaman, in the interim budget, proposed to raise the capital expenditure target by 16.9 per cent to a record Rs 11.11 trillion for FY24-25

Strong capex, domestic demand behind India's growth performance: IMF
Updated On : 30 Apr 2024 | 6:03 PM IST