Page 21 - Capital Expenditure

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

NTPC raises Asia's largest Japanese yen loan of $750 million

The proceeds from the latest JPY loan would be used in to fund capital expenditure for installation of FGD systems at its existing units

Economists prefer capex route to boost demand amid economic slowdown

Though MGNREGA and PM-Kisan have clear rural focus, they think excess public spending should only be on capex

New projects surge in December quarter; up 37% at Rs 4.26 trillion

The rise in new projects is despite a fall in capacity utilisation

NTPC inks Rs 5,000 crore term-loan pact with SBI for capex spending

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years

Day after GDP data, PM defends govt's record and hints at more measures

Finance Minister Nirmala Sitharaman also joined in and defended the Centre's economic record in the last six months

Rising fiscal fears

A comprehensive review is needed

Vodafone Idea needs fresh round of equity infusion by 2021, say lenders

All telecom firms to remain under stress despite tariff hike

FM Sitharaman asks departments to prepare capex plans for next 4 quarters

Most infra ministries have reached 50% of FY20 capex target

Tax windfall: India Inc to increase capex spending, retire high-cost loans

Among the profit-making companies which would gain the most in absolute terms are RIL, Oil and Natural Gas Corporation, and Indian Oil Corporation

Hero MotoCorp might see reduction in earlier-projected capex of Rs 1,500 cr

There is also the anticipation of better participation from the rural markets in third and fourth quarters owing to good monsoon

Should the govt borrow to fund capex?

From lenders or purely fund raising point of view, money could more safely be deployed with the government entities like the NHAI and the IRFC than with private companies

Finance ministry asks departments, PSUs to expedite capital expenditure

These capex reviews come just a day after Finance Minister Nirmala Sitharaman met representatives of the infrastructure sector

Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore

The share of capital expenditure has shown a declining trend over the last twenty years

Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore

The share of capital expenditure has shown a declining trend over the last twenty years