Page 21 - Capex
Engineering firm Braithwaite plans Rs 50 cr capex for container biz
Engineering firm Braithwaite & Co Ltd has earmarked Rs 50 crore as capital expenditure (capex) for taking up container manufacturing in a big way, a company official said on Sunday. The Miniratna public sector undertaking has forayed into the manufacturing segment as the country is focusing on indigenous production of containers and reducing dependence on China for such goods carriers. The PSU under the Ministry of Railways has orders of 350 containers for global logistics major DP World and 1,000 for Container Corporation of India Ltd, the official said. We have a big plan for container manufacturing to help traders reduce cost and dependence on imports for such goods carriers. This initiative is in line with the AatmaNirbhar Bharat. We have earmarked Rs 50 crore in this business. The investment will be made in phases, Braithwaite Chairman and Managing Director Yatish Kumar told PTI. Braithwaite was also working with the state-run Steel Authority of India for speciality steel for
 "Engineering firm Braithwaite plans Rs 50 cr capex for container biz")
Auto ancillary sector's FY23 revenue expected to grow at 10-15% YoY
Domestic auto ancillary sector's revenue is expected to grow at 10-15 per cent year-on-year (YoY) in FY23.
 "Auto ancillary sector's FY23 revenue expected to grow at 10-15% YoY")
Capital expenditure aid to states may be regular Budget feature
The amount is part of the Centre's Rs7.5 capex outlay for the next year.
 "Capital expenditure aid to states may be regular Budget feature")
Capex-funding plan for FY23 gets flak from some non-BJP ruled states
While Bengal, Kerala and TN hit out, Maharashtra welcomes Centre's move
 "Capex-funding plan for FY23 gets flak from some non-BJP ruled states")
FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year
Govt to shift part of CPSEs debt to itself as it infuses more equity
 "FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year")
Govt's infra booster gives hope to construction equipment makers
A lot will, however, depend upon capex execution in a time-bound manner
 "Govt's infra booster gives hope to construction equipment makers")
Markets will keenly watch the execution of capex plans: Abhiram Eleswarapu
Abhiram Eleswarapu, head of India equities at BNP Paribas, tells Puneet Wadhwa in an interview that he expects real rates to remain negative for most of 2022
 "Markets will keenly watch the execution of capex plans: Abhiram Eleswarapu")
Infra funds could gain from large budgetary allocation, say analysts
On the private-sector side, capacity utilisation has risen across several industries
 "Infra funds could gain from large budgetary allocation, say analysts")
Private capex may start picking up by end of next fiscal, says India Inc
Govt's increased capex will benefit Indian companies, but with a lag
 "Private capex may start picking up by end of next fiscal, says India Inc")
Union Budget 2022: The capex push, says India Ratings' Devendra Kumar Pant
The philosophy appears to be addressing the unemployment issue through increased capex, which will have a multiplier impact on the economy
 "Union Budget 2022: The capex push, says India Ratings' Devendra Kumar Pant")
Budget 2022: FM stays on fiscal correction path, banks on capex push
Tax revenues have been a bright spot for the Centre in FY22
 "Budget 2022: FM stays on fiscal correction path, banks on capex push")
Budget 2022: Centre's move to ramp up state finances tight-fisted
Devolution to grow 13% to Rs 8.1 trn in FY23. Power reforms to allow borrowing up to 4% of GSDP in addition to Rs 1 trn capex loans. But funding for centrally-sponsored schemes stagnates
 "Budget 2022: Centre's move to ramp up state finances tight-fisted")
Budget 2022: India Inc to benefit from govt's massive capex push
Companies to bag for roads, railways and defense projects
 "Budget 2022: India Inc to benefit from govt's massive capex push")
Railway's operating ratio pegged at 96.98% in 2022-23 on capex push
Highest ever capital expenditure at Rs 2.45 trillion; Operating ratio for 2021-22 revised downward to 98.93%
 "Railway's operating ratio pegged at 96.98% in 2022-23 on capex push")
Budget 2022: Didn't raise taxes, capex to provide more employment, says FM
FM pointed out that the 'Production Linked Incentive' scheme for 14 sectors will also be a trigger for job creation
 "Budget 2022: Didn't raise taxes, capex to provide more employment, says FM")
Top headlines: India Inc to benefit from capex push; Modi hails Budget 2022
Business Standard brings you the top headlines on Tuesday
 "Top headlines: India Inc to benefit from capex push; Modi hails Budget 2022")
Budget FY23: FM Sitharaman announces massive capex support to economy
In her Budget speech to Parliament on Tuesday, Finance Minister Nirmala Sitharaman proposed to increase the capital budget outlay by over 35 per cent
 "Budget FY23: FM Sitharaman announces massive capex support to economy")
Economic Survey: After slowing down in H1, capex picks up in Dec quarter
Stimulus measures announced so far during FY 22 include liquidity enhancing and investment boosting measures such as PLI, credit guarantee schemes and export boosting step, survey says
 "Economic Survey: After slowing down in H1, capex picks up in Dec quarter")
Economic Survey: Trend of PSU investment in roads and railways to continue
Demand for steel to get a boost with higher roads, rail spend
 "Economic Survey: Trend of PSU investment in roads and railways to continue")
Top headlines: LIC gets IPO-ready, NBFCs brace for headwinds, and more
Business Standard brings you the top headlines at this hour.
 "Top headlines: LIC gets IPO-ready, NBFCs brace for headwinds, and more")