Page 3 - Capex

Infrastructure players poised to benefit from strong order momentum

Despite delays, FY26 budget supports ₹11.2 trillion capex with strong order pipeline in power, transport and real estate

Domestic fundamentals strong but global headwinds remain a concern

A growth rate of close to 8 per cent in Q1 should help the fiscal end with a decent growth print. However, challenges posed by global headwinds will commence from the second quarter

Consumption demand becomes broadbased; govt capex boosts investment

NSO data shows broad-based demand recovery with rural growth, higher wages, and strong public capex

Uncertainties around tariffs may affect capex decisions this fiscal: Crisil

Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments

ICRA sees India Inc credit profile steady in Q2FY26, US tariffs weigh

India Inc's credit profile is set to remain stable in Q2FY26 with improved margins and ICR, but US tariffs and global tensions could delay the private capex recovery

Reliance Retail capex jumps 37.5% to ₹33,696 cr, liabilities up 17.33%

Reliance Retail has increased its capital expenditure by 37.5 per cent to Rs 33,696 crore in FY2025-26, as the country's leading retailer is expanding its network and infrastructure, according to the latest annual report of Reliance Industries. However, segment liabilities of the retail business of Mukesh Ambani-led Reliance Industries were up 17.33 per cent to Rs 87,554 crore. Revenue (Value of Sales and Services) of Reliance Retail, which was operating nearly 20,000 stores, the largest footprint for any retailer in India, was up 7.85 per cent to Rs 3.3 lakh crore, helped by its consumption baskets in consumer electronics, grocery, fashion and lifestyle segments. Moreover, retail business EBITDA grew 8.6 per cent in FY26, benefitting from productivity gains through network optimisation and improved operating metrics, the annual report said. With this, Reliance Retail is ranked 40th in Deloitte's Global Powers of Retailing and the only Indian retailer in the Top 100, it said. "Ret

Govt capex hits ₹2.75 trn in Q1FY26, but lags pre-election year levels

The net tax revenue of ₹5.4 trillion stood at 19 per cent of the BE in Q1FY26 compared to 21.3 per cent in Q1FY25, registering a contraction of 2 per cent year-on-year (Y-o-Y)

Falling PSU disinvestment receipts as stark as higher govt capex for them

Disinvestment as a policy was launched in the early 1990s to bolster revenue and use the reduced government stake in PSUs to help enhance their autonomy

Samvardhana Motherson Int to raise ₹2,500 cr via NCD for capex, acquisition

The company has lined up investment of about ₹6,000 crore in FY26 for capital expenditure through 14 greenfield facilities

At ₹11 trn, India Inc capex pips govt capex in FY25; will the trend last?

India Inc capex: While Reliance Industries saw a flattish capex growth in FY25, it cornered the biggest share in the capex pie in absolute terms

Nestle India's permanent employee count down sharply 3.8% in FY25

The number of permanent employees in Nestle India fell 3.8 per cent in FY25, though the maker of Maggi and KitKat increased its capex and is investing in new capabilities and capacities. The total number of on-roll employees of Nestle India was 8,419 in FY25, as compared to 8,736 a year ago. The increase in the median remuneration of employees in last fiscal year was 4.9 per cent. "The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent," said Nestle India. Nestle India, which reported over Rs 20,000 crore sales in FY25, increased capex level from 1.8 per cent of sales in 2015 to 10 per cent of sales in FY25, said its outgoing Chairman Suresh Narayanan, while addressing the shareholders. The maker of Maggi, Nescafe and KitKat has already announced a succession plan, appointing Manish Tiwary as a Director and Managing Director for a five-year

Dairy companies likely to record 11-13% revenue growth in FY26: Crisil

Dairy companies are likely to witness 11-13 per cent revenue growth this financial year on strong demand, increasing share of value-added products (VAP) and higher milk prices, a report said on Monday. The profitability will improve by 20-30 basis points (bps), aided by better realisations, healthy milk supply keeping procurement prices in check and a favourable shift towards VAP, which fetches higher margins, Crisil Ratings said in a report. The rating agency further stated that to capitalise on the healthy growth momentum, companies will ramp up capital expenditure (capex) by 10 per cent this fiscal. A sizable portion of this capex will be to enhance capacities for VAP, a segment that continues to outpace the traditional liquid milk category, it added. Despite the higher capex, credit profiles of dairy companies are expected to remain stable because of improving cash flows and strong balance sheets, the report said. "The VAP segment is expected to clock a strong 16-18 per cent .

MoSPI calls to monitor MUDRA impact in upcoming CAPEX, ASUSE surveys

MoSPI urges inclusion of MUDRA scheme impact, richer profiling of enterprises, and renewable investment intentions in upcoming CAPEX and ASUSE survey rounds

Capex momentum likely to improve for Power Grid Corporation of India

Record project wins were also reported with ₹92,000 crore, and works-on-hand is ₹1.55 trillion. The management hopes capex improvement will translate to asset capitalisation of ₹28,000 crore in FY26

Quick-commerce margins and execution are key to gains in Swiggy stock

Management indicated that the quick commerce segment saw peak losses in Q4 and there will be progressive improvement

Capex at small private airports to rise up to 60% by FY28: Crisil

Capital expenditure (capex) of small private airports is expected to rise 50-60 per cent on an average over the next three years on the back of capacity expansion on account of substantial increase in terminal utilisation levels, ratings agency Crisil said on Monday. On the other hand, capex at large private airports will see a decline during the same period as much of the capacity expansion has been completed or is nearing completion, it said. However, the overall capex of private airports will slightly slow down by 10-15 per cent to about Rs 40,000 crore over the next three years, as per the ratings agency. Crisil said its analysis is based on the capex of 11 operating private airports and two soon-to-be-operational private airports, which together account for more than 95 per cent of India's private airport passenger traffic. For this study, small private airports were classified as those with capacity of less than 20 million passengers per annum and located in Ahmedabad, ...

Statsguru: Private sector remains cautious on investment plans in India

While investments in manufacturing were relatively stable, the same is not true of information & communication as well as the transportation & storage sector

Firms lukewarm to capital expenditure on green energy in FY25: NSO

NSO data shows just 2.75% of firms planned capex for 'diversification'

NSO signals pvt capex lull in FY26; manufacturing investments may zoom 40%

'Information and communication' are reporting a capex dip to ₹1.09 trillion in FY26 from ₹1.5 trillion in FY25

Pvt sector capex likely to dip 25% to Rs 4.88 lakh cr in FY26: Govt survey

Intended capital expenditure of the private corporate sector is estimated to decline by about 25 per cent to Rs 4.88 lakh crore in 2025-26 from Rs 6.56 lakh crore in FY25, said a government survey report released on Tuesday. According to the Forward-Looking Survey on Private Sector CAPEX Investment Intentions between November 2024 and January 2025, conducted by the Ministry of Statistics & Programme Implementation, the actual capex in the private corporate sector was Rs 3.94 lakh crore in 2021-22, Rs 5.72 lakh crore in 2022-23 and Rs 4.22 lakh crore in 2023-24. A total of 2,172 enterprises submitted complete information for all five years of the reference period, forming a fixed panel. The aggregated (unweighted) capex data from this panel of enterprises serves as a reliable basis for analysing capital expenditure trends over the five-year period, the ministry said. The results show an overall increase of 66.3 per cent in aggregate capex (unweighted) over the four-year period from