Page 6 - Capex

An opportunity in capex decline: Scrap new schemes, BSNL equity infusion

Not too many tears would be shed for a squeeze on capex if the hit is primarily on infusing equity into a state-owned enterprise and on new schemes that are yet to be announced

Railways ministry spends 76% of FY25 capital expenditure by December

The ministry has spent Rs 1.91 trillion from the gross budgetary support, Rs 824 crore from external resources, and Rs 8,733 crore from extra-budgetary resources on infrastructure creation

Outlook 2025: Govt capex, safeguard duty key to steel sector performance

The monthly average price for December 2023 was Rs 55,000 per tonne while for December 2024, it stood at Rs 46,900 per tonne

Capex shrinks as fiscal deficit reaches 52% of FY25 estimate: CGA data

Economists said that the Centre's capex needs to expand by 65 per cent YoY in December 2024-March 2025 or record a monthly run rate of Rs 1.5 trillion, to meet the FY2025 target of 11.1 trillion

UP govt's infra push spurs Rs 5.3 trn capex, eyes global tech hubs

Looking ahead, the Yogi Adityanath government aims to leverage this infrastructure development to build a robust network of GCCs

Capex to be decided according to country's need, says MoS Finance

Chaudhary noted that there is a special focus from the Prime Minister, and all ministries have been directed to reach their capex targets by March

Q2 GDP showing not a systemic slowdown, says FM Nirmala Sitharaman

India's growth slowed to a seven-quarter low of 5.4 per cent in the July-September period of FY25

Delayed BSNL equity infusion, sluggish state transfers drag capex momentum

Transfers to states from Centre are down 20 per cent compared to last year in the April-October FY25 period

Capex contracted, revenue expenditure gained pace in October: CGA data

Experts feel that the government is likely to miss the target of Rs 11.1 trillion capital expenditure in the current financial year

India Inc capex slows down marginally to Rs 9.4 trn in FY24: Care Ratings

This is mainly because of poor data for Q1FY25 due to election-related restrictions and uncertainties

CIEL to file papers for Rs 450-cr IPO on Friday, will be 2nd listed HR firm

Public offer expected to comprise a fresh issue of around Rs 350 cr and an offer for sale by earlier shareholders

Govt may relax quarterly spending limits to meet FY25 capex target

Analysts say the weaker spending is one of the reasons for a recent slowdown in India's high frequency economic indicators

Hindalco Q2 results: Net up 78%, plans $4-5 bn capex for upstream units

Co raises earlier capex plans for upstream by $2 billion

India Inc sends mixed signals on H2 FY25 capital expenditure path

Minutes from the October MPC show the RBI's optimism about private investments picking up

Adani Group's Rs 3,000 crore bet on ITD rides India's infra-capex wave

Group entity will acquire 46.64% in EPC firm, triggering an open offer

Private sector capex likely to improve among rising biz confidence: CII

According to survey, over 60% of firms in India see rate cuts this financial year

Balmer Lawrie plans Rs 700 cr capex to diversify into ethanol production

Diversified PSU Balmer Lawrie & Co has planned a capital expenditure of Rs 700 crore with the aim to achieve a revenue of Rs 6,000 crore by 2030, a company official said on Thursday. It plans to diversify into ethanol production, set up a free trade warehousing zone (FTWZ) in Mumbai and upgrade facilities, Chairman and Managing Director Adhip Nath Palchaudhuri told reporters. "The board of the company has approved a capital expenditure of Rs 700 crore, he said. The Kolkata-headquartered company also plans to enter third-party logistics for companies wanting to store their products, the CMD said. Palchaudhuri said Balmer Lawrie will make an investment of Rs 330 crore for producing ethanol using rice and maize as feedstock, and Rs 220 crore for setting up the FTWZ, which is akin to a special economic zone (SEZ). Another Rs 45 crore will be spent for setting up a third-party logistics hub at Dankuni in West Bengal. The top official said the company is aiming at a revenue of Rs 6,000

FM reviews Railway Ministry's capex plan, asks to expedite 'Kavach' system

Finance Minister Nirmala Sitharaman on Tuesday reviewed the capex plan of the Railways Ministry and asked officials to focus on safety and convenience of commuters. Sitharaman also told the officials to expedite the implementation of Kavach system (India's indigenous Automatic Train Protection (ATP) system) in a phased manner and meet the allocated capex target in the stipulated timeframe. MoR officials informed the Minister that Kavach-related works are currently in progress in over 3000RKm (route km) on the Delhi-Howrah and Delhi-Mumbai sections. "Underlining the focus of the government on providing 'ease of living' for citizens, Sitharaman urged the officials of the Ministry of Railways to focus on capacity augmentation, safety and commuter convenience, including doubling and electrification of existing railway tracks and also laying of new railway lines across the country as per the capex outlay provisioned in the Union Budget," a finance ministry statement said. Sitharaman als

Poly Medicure to deploy Rs 1,000 cr fundraise for capex, future buys

The company is looking at portfolio expansion and increasing the number of products being added each year

In a first, govt to conduct yearly private capex survey from October

The annual private capex survey will run in conjunction with the annual survey of industries, which tracks output, value-added, and employment across manufacturing sector enterprises