Page 12 - Capital Expenditure

Budget primer: Understanding govt expenditure and its various types

Its importance is seen in its ability to hugely influence the nation's economy, as it reflects aggregate demand in addition to household consumption, business investment, and net exports

See upturn in capex cycle, growth momentum to pick up: RBI report

'Can't let our guard down on inflation'

Investment conundrum

Economic uncertainty may delay private investment

Capex by CPSEs accelerates to 60% of annual target during Apr-Nov period

CPSEs are likely to achieve their target as they tend to rush up their spending in March quarter

States' capital spends up 2.2% in 1st half despite huge spike in revenues

Capital expenditure (capex) of 18 states has risen just 2.2 per cent in the first half of the current fiscal even as their combined revenue deficit has narrowed to more than one-fourth from the year-ago period, according to a report. This means that there has to be a massive 57 per cent increase in their capital outlays to meet their FY23 budgeted target, Icra Ratings said in an analysis on the available numbers from 18 of the largest states, which have budgeted for a combined capital outlay of Rs 6.2 lakh crore. But these states have collectively spent only Rs 1.59 lakh crore so far this fiscal, which is just about a growth of 2.2 per cent annualised. Revenue deficits of these 18 states have narrowed to a low Rs 30,000 crore in the first half of the current fiscal from Rs 1.3 lakh crore in the corresponding period in FY22. This revenue tailwind comes in spite of these states budgeting for a combined revenue deficit to Rs 1.4 lakh crore in FY23 from Rs 1.1 lakh crore in FY22. Desp

FM Nirmala Sitharaman confident of strong growth, low inflation in 2023

Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."

AM/NS bulks up for the future, focuses on acquisitions to secure infra

Nearly Rs 90,000 crore worth of capital expenditure has been incurred so far on various asset acquisitions and projects, with a major investment of about Rs 42,000 crore

Price volatility takes sheen off aluminium firms' capital expenditure

Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year

Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period

During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full year target

Coal India's capital expenditure rises 33% to Rs 7,027 crore in Apr-Sep

Coal India Ltd on Wednesday said its capital expenditure grew 33 per cent to Rs 7,027 crore in April-September FY23 as compared to the year-ago period. The company's capex in the year-ago period stood at Rs 5,300 crore. The two coal evacuation infrastructure heads - setting up of coal handling plants (CHP)/silos and railways lines - together accounted for 36 per cent or Rs 2,547 crore of the total capex in the period under review, CIL said in a statement. "Capex push is essential for long-term growth prospects. To align the increasing production with robust transportation logistics, CIL is fast-tracking the development of its coal evacuation system. This would help in handling the seamless movement of coal in future," a senior executive of the PSU said. Construction of CHPs/silos under first mile connectivity was the major capex head at Rs 1,489 crore during the six-month period of FY23, as compared to Rs 614 crore a year ago. This affirms the company's intention to put in place

IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest

Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day

Rs 23,380 cr needed to upgrade grade A offices in four metros: JLL report

These four cities are also the biggest office markets in India, holding 569 million sq ft, or 77% of the total Grade A office stock of 740 mn sq ft situated in the country's top seven cities

India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data

Fund raise drops by 93.3% year-on-year to $210 mn in the quarter

Capital expenditure by CPSEs accelerates to 43% of FY23 target in H1

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

Delhi International Airport to raise up to Rs 1,600 cr via debentures

Tweaks plans to opt for Debentures as alternative to lease financing

Steady trend: PSUs hit 34% of capex target in April-August, shows data

The centre through government departments and PSUs has been lifting the economy through capital spending as investments from private sector lag.

Nestle to invest Rs 5K crore in India by 2025: CEO Mark Schneider

The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity

Is a re-rating on the cards for capital goods stocks?

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

India Inc's FY22 capex rises 9.1% YoY but lags pre-Covid growth

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

Prison resources inadequate despite 24% jump in budget allocation in 5 yrs

In 2021, govt spent Rs 1,624.4 crore, or 77%, on undertrials alone