Fund raise drops by 93.3% year-on-year to $210 mn in the quarter
While CPSEs spent Rs 2.8 trillion in capex in the first half of FY23, they had invested Rs 2.19 trillion during the year-ago period, registering 27.85 growth per cent
Tweaks plans to opt for Debentures as alternative to lease financing
The centre through government departments and PSUs has been lifting the economy through capital spending as investments from private sector lag.
The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity
Robust demand in economy -- aided by government spending -- has enabled capital goods companies to sustain strong order inflows. Takes a look at key factors which make analysts bullish on this space
The rise in corporate assets, also called gross block, was largely led by top companies and industry leaders; small and medium firms lagged in capex terms
In 2021, govt spent Rs 1,624.4 crore, or 77%, on undertrials alone
New details such as CSR, gender-wise reporting of contractual workers, unused land, and profit share in joint venture companies have also been added in the list of disclosures
The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.
The funds will be used by TSML to meet capital expenditure requirements, a regulatory filing said.
"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.
The Index of Industrial Production for June, released on Friday, showed capital goods output -- which is a barometer of investment -- rose by 26.1 per cent over the year-ago period, the sharpest among
Money will help carry out their capital expenditure and welfare spending plans
The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes
Export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation
Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.
Coal India's capital expenditure was Rs 1,841 crore in April-June period of last financial year
Sequentially, numbers likely to decline, since June quarter is seasonally weak
The Centre has allocated Rs 5,000 crore for disinvestment of SPSEs and asset monetisation