Page 12 - Capital Expenditure

States used Rs 82K cr of Rs 1 trillion capex support allotted in FY23

The Centre has provided 50-year, interest-free loans to states to augment their capital expenditure requirements in the past three Budgets

Under construction

Project delays must be avoided

Delphi-TVS Technologies JV to take up capex worth 450 cr at Chennai plant

Delphi-TVS Technologies, a joint venture between diversified conglomerate TVS Group and auto-component major BorgWarner, has lined up investments worth about Rs 450 crore over the next three years to take up capital expansion plan at its manufacturing facility here. Delphi-TVS Technologies, which commenced production of common rail system in 2009 has reached milestone production of over three million common rail systems at its manufacturing facility in Oragadam, about 45 kms from here. "We continue to expand the production capacity in common rail systems at the plant. We expect to invest about Rs 150 crore every year over the next two-three years..." Delphi Technologies President A Viswanathan told reporters. The company caters to all sections of the diesel engine market including passenger cars, commercial vehicles, tractors, construction equipment and industrial engines. With the proposed investment plans, the company would be scaling up the production to a million units from the

Reserve Bank likely to help states to analyse, frame their capex numbers

As of now, the states are handicapped because there is no format they can borrow from the centre to guide them on tracking their capex except the financial support

CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30

It is looking to start new business lines like collection and recover services

New projects hit Rs 12.3 trillion in March quarter on large orders

Analysts say slowing growth globally may limit future investments

Capex cannot be driven by public investment, says industry body Assocham

Industry body Assocham on Monday said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy. Prime Minister Narendra Modi last month urged India Inc to increase investment in tandem with the government's decision to raise capital expenditure (capex) and take advantage of the opportunities unveiled in the Union Budget 2023-24. The chamber's newly appointed President Ajay Singh said he foresees a "significant rise in private investment" in the coming 2-3 years, driven by the Centre's capex push. "It cannot be that expenditure in the economy is largely public expenditure. The private sector has to participate and with the environment that is being created today, with the infrastructure spend that the government is doing, opportunities available to companies both in India and overseas. I think you will see an uptick in private investment in the next 2-3 years," Singh said addressing a press ..

India Inc planning to increase capex, hire more in FY24: BS Poll

Most top executives appear to be upbeat about sales and profit

Guns vs Butter-I: House panel welcomes larger funds allocation

The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop

Capital expenditure of states shows improvement as year comes to a close

The biggest improvement year-on-year (YoY) has been by Uttar Pradesh, Maharashtra, Gujarat, and Karnataka

States given capital expenditure targets tied to interest-free loans

If target missed, part of loans to be deducted in 2024-25

Social capital and Budgets: The picture is varied, not just black or white

India's ranking on the UN's HDI has remained more or less unchanged, suggesting the country is doing no better or worse than others, though most are growing much slower than India, writes T N Ninan

Adani Transmission to announce debt refinancing plans in few weeks: Report

The company has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source

Adani Enterprises to freeze capital expenditure in new road projects

It will focus instead on completing existing ones, before committing fresh investments

Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout

Holding back on investments for even as little as three months could save the conglomerate as much as $3 bn- funds that can be deployed to pay down debt or boost the cash pile, said another person

Four economic trends that will impact India

The Budget reflects the shift globally in government capital expenditure, inflation, fiscal deficit and globalisation

Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target

The capex spending of these public sector undertakings is being reviewed by the Prime Minister's Office regularly

Budget to help in reducing capital cost for Indian companies: Niti member

Appreciating Finance Minister Nirmala Sitharaman for continuing fiscal consolidation in the Budget for 2023-24, Niti Aayog member Arvind Virmani on Tuesday said it would help in reducing the cost of capital for Indian companies. Virmani further said the large increase in capital expenditures by 33 per cent to Rs 10 lakh crore for infrastructure development will accelerate India's economic growth. "On fiscal consolidation, the Finance Minister has reiterated that she will stay on it (the path of fiscal consolidation). "... So, in a situation where there is a lot of global uncertainty, it is very very important because it will have an effect on interest rates available to Indian companies," he told PTI. Sitharaman in her fifth straight budget has raised the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development in 2023-24. She announced a lower fiscal deficit target of 5.9 per cent for FY24 while retaining it at 6.4 per cent for the current financial .

Budget 2023: 113% increase in allotment for northeast, highest ever

The Finance Ministry has budgeted Rs 5892 crore for FY24 for the region, which is 113 per cent more than the RE 2022-23

Changing tracks

Investment in Indian Railways must be backed by reforms