Page 12 - Capex

States given capital expenditure targets tied to interest-free loans

If target missed, part of loans to be deducted in 2024-25

India's GDP growth forecast at 7% in FY23 and 6% for FY24: Acuite Ratings

Credit rating agency Acuite Ratings & Research on Monday reiterated its forecast of Indian gross domestic product (GDP) growth at 7 per cent for FY23.

Centre tightens regulations for states' capital expenditure loans

Centre's move aims to ensure effective utilisation of funds

SAIL finalising plans to nearly double capacity to 34-35 mt by 2030-31

In next 3-4 years, it will add about 3 mn tonnes by sweating existing assets and debottlenecking, at a likely capex of Rs 10,000-11,000 crore

Sales of consumer products pick up marginally as inflation cools

CEOs optimistic about coming months as govt's mega capex drive gains pace

Moody's ups India's growth projection for 2023 to 5.5% on higher capex

Moody's Investors Service on Wednesday raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget and a resilient economic momentum. It however revised downwards India's growth estimate for 2022 to 6.8 per cent from 7 per cent pegged in November last year. In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022. "In the case of India, the upward revisions additionally incorporate the sharp increase in capital expenditure budget allocation to Rs 10 trillion (3.3 per cent of GDP) for fiscal year 2023-24, up from Rs 7.5 trillion for the fiscal year ending in March 2023," Moody's said while projecting a 70 basis points increase in 2023 real GDP growth at 5.5 per cent an

We plan to capture just 4% of mkt in 4 yrs: Prestige Estates' Irfan Razack

'Currently, we are committed to building an annuity portfolio from the present Rs 460 crore in FY23 to Rs 3,000 crore by FY28'

As states table their Budgets, here's how the capex numbers stack up

Capex is not the favourite word in the lexicon of ministers despite the generous flow of resources for building assets

Top headlines: Adani Green Energy capex plan, Tata Motors-Uber deal

Business Standard brings you the top headlines at this hour

Hindalco likely to hike domestic capex in FY24 on robust demand

Company has spent Rs 2,700 crore in India in FY23, MD Satish Pai said; will be higher next year

Higher govt capex help infra companies clock 17-20% revenue growth: Report

Higher government spending on infrastructure in FY24 will propel engineering, procurement, and construction companies to hit revenue growth of 17-20 per cent, taking their profit to the pre-Covid level, a report said on Tuesday. In the Budget 2023-24, the government has increased the outlay for capital expenditure (capex) on infrastructure sector by 33 per cent from Rs 7.5 lakh crore to Rs 10 lakh crore. Forecasting higher revenue and thicker bottom-line, rating agency Crisil in a report also placed their credit outlook positive citing improving debt metrics. The optimism is supported by the expected strong order inflows due to the government thrust on infrastructure in the latest budget. Profitability of large EPC (engineering, procurement, and construction) companies is seen improving and reaching pre-pandemic levels of 10-10.5 per cent next fiscal compared to 9-9.5 per cent this fiscal, with commodity prices easing. With healthy order books and recovery in profitability, debt .

ABB steps up focus on manufacturing amid revival in the capex cycle

Plan is to increase number of factories in country; position India as global hub for exports

Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target

The capex spending of these public sector undertakings is being reviewed by the Prime Minister's Office regularly

What explains Indian public sector enterprises' anaemic capex record?

Instead of public sector enterprises making capex decisions, they have declared dividends in the last few years. The capex decisions have therefore been abrogated to itself by the Centre

Adani in talks to prepay loans on shares, denies report on capex cut

Adani Group is in talks to prepay all loans backed by pledged shares, a spokesperson told Reuters on Monday

Govt to meet fiscal target in coming year, capex a longer shot, shows poll

A key government objective is to bring the deficit down to 4.5% of GDP by 2025/26. Respondents were evenly split on whether it would succeed

TMS Ep362: Budget for rich, capex outlay, RBI rate hike, night light data

How does the Budget affect the super-rich? Has India's capex outlay actually increased? Will a dovish RBI bolster investor sentiments this week? How does night light data show progress? Answers here

Higher capex, infra push, green initiatives to push demand for bank funds

However Sitharaman declined to elaborate on the proposed amendments when queried by the media as the Parliament session is on

Capex proposals from states may come early in FY24: FM Sitharaman

The 50 year interest free capex loans worth Rs 1.3 trillion are part of the Centre's FY24 capex budget of Rs 10 trillion

Budget proposals don't change our long-term preferences: Abhiram Eleswarapu

'Consensus forecasts call for a 16 per cent earnings compounded annual growth through FY25, with margin expansion baked in across most sectors', said Eleswarapu