Capital Expenditure

Expect our state's share in tax devolution to rise to 20%: UP FM Khanna

UP's finance minister Suresh Khanna says disciplined spending, revenue surpluses and rising capex have helped India's most populous state maintain fiscal stability while expanding infrastructure

8 months into FY26, states have spent only 38% of the budgeted capex

Sixteen of 21 states spent under half of their budgeted capex in the first eight months of FY26, while the Centre's capex stood at 55.1 per cent of BE in April-October

Tata Power to weigh 20-50 Mw SMR plants, says MD & CEO Praveer Sinha

Tata Power on Monday said it is aiming for a capex of Rs 25,000 crore in the current fiscal year and will look to maintain the same annual spend till FY30. As per an investor presentation, 65 per cent of the capex is aimed at clean energy projects. Tata Power, which made a capital expenditure (capex) of Rs 17,273 crore in FY25, almost doubled the same to Rs 25,000 crore in FY26. The total capex estimated between FY26 and FY30 is Rs 1.25 lakh crore with Rs 25,000 crore spent annually, as per the presentation. In an interaction, Sinha said, "We are well poised to achieve our aspirations." In the power generation segment, the company had a thermal capacity of 15.7 GW in FY25, which it looks to scale up to 30 GW by FY30, he said. "From 7 GW of clean and green capacity, we aim to increase it to 20 GW almost three times by March 2031," Sinha said. The capacity of transmission lines both operational and under-construction stood at 7,047 circuit kilometres (ckm) as of FY25. The same wil

Bihar elections: NDA's vision of Viksit Bihar faces fiscal roadblocks

The NDA's big mandate and its 'Viksit Bihar' agenda face fiscal strain as the state struggles with low capital outlay and a heavy revenue burden

20 states spent 26% of budgeted capital expenditure in H1 FY26: CAG data

Among the states analysed, Telangana emerged as the frontrunner with the highest utilisation at 60.8 per cent, followed by Kerala at 43.6 per cent, and Madhya Pradesh at 39.9 per cent

The market is more likely to melt up than melt down: Stephen Dover

Monetary easing, strong earnings, and capital investment will drive markets higher, with India and other emerging markets set to benefit, says Dover

Road, rail and defence lead FY26 capex surge; overall spend at 52%

Road Transport & Highways and Railways ministries lead capital expenditure in H1 FY26, with overall government capex reaching 52% of Budget estimates despite slower revenue growth

Thin ice: States are drowning in debt and politics keeps adding weight

Cash transfers to women need a wider debate

Centre's fiscal deficit in H1 stood at 36.5% of full-year target

In H1 of FY26, capex grew at a robust 40 per cent, exhausting more than half (51.8 per cent) of the Rs 11.2 trillion full year target against 37.3 per cent spending during the same period a year ago

Adani Energy Solutions plans ₹18,000 crore capex for FY26, says CEO

Adani Energy Solutions (AESL) has planned up to Rs 18,000 crore capital expenditure, including Rs 6,000 crore already spent on various projects, in the current fiscal year, a senior official said during an earnings call. Replying to a question of capital expenditure on a consolidated basis, AESL CEO Kandarp Patel said, "For the full year, we will do about Rs 11,400 crore in transmission, Rs 1,600 crore in distribution and Rs 4,000 crore in smart metering. So, in smart metering, we'll add about Rs 2,000 crore. In distribution, we'll add about Rs 1,100 crore in the second quarter. And in transmission, we'll add about Rs 8,000 crore in the second quarter." He said the total capex will be of the order of Rs 17,000-18,000 crore and Rs 6,000 crore has been spent so far. Of the Rs 6,000 crore already spent, Rs 3,350 crore was on transmission, about Rs 700 crore in distribution and about Rs 2,000 crore in smart metering. Patel said the company will have a capex of about Rs 10,000 crore for

Jal Shakti, Skills ministries lag as railways lead pack in total spending

Consumer affairs and railways lead FY26 spending so far, as FinMin launches early pre-budget consultations to ensure fiscal prudence and even-paced expenditure

The small picture: Tracing the subtle trends behind India's capex growth

Remember that the government had for the first time in the last five years projected a single-digit growth in capex in 2025-26 to just 6.5 per cent

20 states spent 27% of capital expenditure in April-August: CAG data

States spent 27% of FY26 budgeted capex in April-August, with Telangana leading and Tripura lagging, even as rising borrowings raise fiscal concerns

India's 8% growth goal at risk as private capex lags: YES Securities

YES Securities warns India's growth relies too heavily on government spending as private capital expenditure falters despite record corporate cash holdings of ₹10.35 trillion

Revenue deficit, capital spends: Key takeaways from 15th finance commission

The 15th FC had recommended a sizeable Rs. 2.9 trillion as revenue deficit grants (RDG) to a select number of states for FY2022-FY2026

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

Centre released ₹36,000 cr to states so far under special assistance scheme

The Centre has disbursed ₹36,027 crore to states and UTs under SASCI till August 11, with Uttar Pradesh receiving the highest share, followed by Bihar, Rajasthan and MP

India Inc sees capex, demand surge after Modi's Next-Gen GST overhaul plan

PM Modi's promise of a sweeping GST overhaul aims to lower tax rates, simplify compliance, and modernise the system, spurring growth in sectors like manufacturing, housing, and consumer goods

Govt lines up ₹47,000 crore capex plan to boost BSNL network: DoT

The government is ready with another Rs 47,000 crore capex plan to boost BSNL's network, the Department of Telecom said on social media platform X on Thursday. BSNL has spent Rs 25,000 crore in the last year for installing 1 lakh towers for 4G mobile services. "We have another close to Rs 47,000 crore capex plan in place for BSNL. Meanwhile, BSNL has done its highest-ever capex of Rs 25,000 crore during last year," the DoT said, quoting Union Telecom Minister Jyotiraditya Scindia. IT firm TCS and a C-DoT-led consortium had bagged the majority of the Rs 25,000 crore project for the supply of telecom gear to BSNL. Scindia has asked state-run telecom firm BSNL to add customers and grow its mobile service business by 50 per cent over the next year. During a review meeting with BSNL's circle and business unit heads last month, Scindia asked each unit to increase enterprise business by 25-30 per cent and fixed line business by a minimum of 15-20 per cent. The minister has asked BSNL to

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)