Page 17 - Capital Expenditure

Railways achieves 31% of targeted capex in five months despite Covid-19

During the time of lockdown, the Railways increased the pace of infrastructure works, completing almost 200 projects that needed a traffic blockade

After 40% rise in Q1, capital expenditure dropped in July, shows data

Analysts say there is need to wait to gauge govt's plans

Centre has walked the talk on capex, shows official data

Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end

Severe shock to consumption, economy will take longer to recover: RBI

"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank

State-run oil and gas firms set to invest Rs 1.62 trillion this year

At present, the sector is seeing work on 8,363 projects with an anticipated cost of Rs 5.88 trillion.

FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1

This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic

Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept

She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said

Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis

In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas

TVS Motor plans Rs 300-crore capital expenditure amid Covid-19 pandemic

The company said it was planning to commercialise some of the intellectual properties (IPs) to be built by start-ups through the company's Singapore subsidiary.

Sitharaman reviews capex of seven CPSEs under three key ministries

Combined capital expenditure of the seven PSUs for FY21 is Rs 24,663 crore, down from Rs 25,974 crore last year

Spending 50% of capex target by September: An uphill task for PSUs

Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.

Apollo Tyres to cut capex by Rs 400 cr this fiscal to preserve liquidity

The company had earlier earmarked a capex of around Rs 1,400-1,500 crore for the domestic operations for the current financial year

Biocon to invest $200 million on capital expenditure in current fiscal

Biocon CEO and Managing Director Siddharth Mittal said the investment would be split across small molecules and biosimilar verticals

April-May fiscal deficit at 58.6% of fiscal year target as revenue slumps

Total revenue was Rs 45,498 crore, or 2 per cent of the budgeted estimate of Rs 22.46 trillion, compared to 7.1 per cent for the same period last year.

India Inc on war footing to cut costs, conserve cash to offset Covid impact

Capex is the first head on the chopping block, followed by operating costs and overheads

ONGC seeks crude price assurance of $45 per barrel, cuts capex by 15%

The largest domestic oil and gas producer had budgeted a capex of Rs 32,502 crore for the financial year, which has now been cut to around Rs 27,500 crore.

Bharti Airtel to go slow on capex in Q1FY21 amid Covid-19 crisis, Q4 loss

Bharti Airtel reported a consolidated net loss of Rs 5,237 crore in Q4FY20 against a net profit of Rs 107.2 crore in the corresponding quarter last year.

Centre not cutting flagship schemes but won't take over states' burden

Official says some savings are expected as the Centre will make cuts wherever there is low-priority expenditure

Hit by Covid-19 lockdown, Grasim puts capital expenditure for FY21 on hold

Top company executives said the firm had earlier planned to invest about Rs 3,880 crore in the present financial year.

Coronavirus lockdown: Govt may extend window to reconcile expense receipts

It will also impact how soon the finance ministry can come out with its borrowing calendar for the first half of 2020-21, a decision that is of enormous significance for the markets