Page 2 - Capex

CPSEs meet 25% of FY27 cumulative capital expenditure target in Q1

CPSEs achieved 25% of their FY27 capex target in Q1, with spending rising 26% to ₹2.10 trillion, led by the Railway Board and NHAI

Premier Energies plans to invest ₹6,000 cr over 3 years in ingot, wafer biz

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 ...

Tata Steel aims to spend ₹20,000 cr in FY27 on expansion, technology

Tata Steel is looking to spend around Rs 20,000 crore as capex in the current financial year and a major share of it will be spent to support the India business, the company's management said. The capex for the ongoing FY27 will be around 38 per cent higher from Rs 14,559 crore that Tata Steel has spent on capital expenditure in the preceding 2025-26 financial year. "In FY26, we spent Rs 14,559 crore on capital expenditure, and we plan to increase this to approximately Rs 20,000 crore in FY 2026-27, with 60 per cent allocated to India," said Tata Steel's CEO & MD T V Narendran, and Koushik Chatterjee, the company's Executive Director & Chief Financial Officer. The management made the statement in reply to a question related to Tata Steel's capex plans and long-term growth strategy. They said the capital allocation strategy for FY27 focuses on a balanced mix of sustenance projects, ongoing investments in value-added downstream and infrastructure projects, new technologies, and .

MEIL to pump in ₹40,000 cr capex in 3 yrs, eyes ₹2 trn topline in 5 yrs

Megha Engineering & Infrastructures Limited (MEIL) Group will be investing up to Rs 40,000 crore in the next two to three years towards capital expenditure, aiming to achieve a topline of Rs 2 lakh crore in five years, a top executive of the infra major has said. PV Krishna Reddy, Managing Director of MEIL, also said the group is aiming to take some of its subsidiaries to an Initial Public Offering every couple of years, with the first one being Evey Trans Pvt Ltd, followed by the Defence vertical and Gas Distribution and so on. Evey Trans is the only 100 per cent electric bus operator in India. Established in 2018, the company successfully operates e-buses in multiple cities like Mumbai, Pune, Surat, Silvassa, Goa, Hyderabad, Dehradun and Nagpur. "Last year, the entire Group did around Rs 60,000 crore. This year we are expecting Rs 80,000 crore. We aim to achieve Rs 2 lakh crore topline in the next five years, the entire group including new businesses," Krishna Reddy told PTI in .

20 states utilised just 5.86% of combined budgeted capex in April-May

Twenty states utilised 5.86 per cent of their FY27 capex budgets in April-May, below the year-ago pace, though spending recovered in May after a sluggish April

Knack Packaging fixes ₹439.5-crore IPO price band at ₹161-170 per share

Knack Packaging sets ₹161-170 IPO price band to raise ₹439.5 crore, with proceeds earmarked for capacity expansion and capital expenditure

Profits are rising across corporate India. Why isn't investment taking off?

Listed companies' net income is nearing 6 per cent of GDP, but a lack of corresponding investment in factories and other productive assets is limiting job creation and widening inequality

States see slower FY27 start, capex utilisation at 1.85% in April

States made a slow start to FY27, with capital expenditure utilisation falling below 2 per cent in April despite higher budgeted infrastructure spending

NMDC plans up to ₹50K crore investment amid diversification push

Overseas acquisitions, rare earths and branded iron ore part of core strategy

Pvt capex revival, US-Iran truce key to next market upmove: Nimesh Chandan

Capex revival, easing West Asia tensions and improving earnings could drive Indian markets towards fresh highs, says Bajaj Finserv AMC CIO

FY27 capex: Adani, Tata, JSW, Coal India lead India Inc's investment push

India Inc plans an aggressive FY27 capex across energy, infrastructure, metals, EVs and data centres after ₹10.5 trillion investment in FY26, notes ICICI Securities

W Asia conflict to end in 2 mths, India capex to push growth: Sajjan Jindal

The impact of the Middle East conflict will not last more than two months, and India's growth story will continue with a lot of capital expenditure by industries, chairman of JSW Group Sajjan Jindal said on Saturday. Speaking to reporters on the sidelines of IIM Nagpur's tenth convocation, where he was the chief guest, he said industries focus on long-term plans. He responded to questions about his expectations for capex in 2026-27, and whether he sees sufficient demand that will encourage companies to invest due to the ongoing war involving the US, Israel and Iran. The Middle East conflict is little of a setback for India's industrial growth, he said. "However, everybody understands that this is temporary. It can get over in a week's time or a month's time, or in two months at the most," he said. The business leader said industries plan for the very long term, spanning 20, 25 or even 50 years. "So, India's growth journey will continue. A lot of capital expenditure is being made by

SAIL to invest over ₹35,000 crore in expansion over next two years

SAIL plans to spend over Rs 35,000 crore over the next two years on capacity expansion projects at its IISCO, Bokaro and Bhilai steel plants

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