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Searched Tag: capex

India Could Raise FY25 Capex By 10 Percent From Rs 11.11 Lakh Crore.

India plans 8 to 10 pc increase in FY25 capex

July 16, 2024, 05:17 PM - 2 min read

India is considering an 8-10 per cent increase in its FY25 capital expenditure from the previously allocated Rs 11.11 lakh crore. This potential rise is attributed to higher-than-expected tax revenue and a record surplus transfer by the Reserve Bank of India (RBI), according to a recent report by the Pantomath Group, a homegrown financial conglomerate.

In a recent report titled 'The Viewpoint: India - Why this feels like 2003-07', global financial services firm Morgan Stanley highlighted striking parallels between India's current economic trajectory and the prosperous growth period of 2003-07.

India's economic growth echoes 2003-07 period, predicts Morgan Stanley report

March 18, 2024, 03:53 PM - 2 min read

"The capex cycle has more room to run, therefore the current expansion closely resembles that of 2003-07," stated Morgan Stanley. The analysis indicated that the current cycle is propelled by investment outpacing consumption, with public capex leading initially but private capex rapidly catching up.

India's coal Public Sector Undertakings (PSUs) have once again outshone expectations by surpassing their annual capital expenditure (CAPEX) target for the fiscal year 2023-24 with an impressive growth rate of over 107%.

Coal PSU exceeds CAPEX target for FY24 with over 107% annual growth

March 9, 2024, 05:52 PM - 2 min read

According to data released by the Ministry of Coal, the CAPEX target for the fiscal year 2023-24 was set at 21,030 Crore. However, by February 2024, coal PSUs had already exceeded this target, recording a record CAPEX of Rs. 22,448.24 Crore, equivalent to 106.74% of the annual target. This remarkable feat underscores the efficiency and robustness of India's coal sector.

Coal Public Sector Undertakings (PSUs) in India have made significant strides in meeting their capital expenditure (CAPEX) targets for the financial year 2023-24

Coal PSUs achieve 95.83% target of capital expenditure for FY24

February 21, 2024, 07:23 PM - 2 min read

The remarkable performance of Coal CPSEs (Central Public Sector Enterprises) in surpassing CAPEX targets has been consistent in recent years. In the previous fiscal years of 2021-22 and 2022-23, entities such as Coal India Limited (CIL) and NLC India Limited (NLCIL) surpassed their respective targets by wide margins, achieving 104.88% and 123.33% in FY 21-22 and around 113% in FY 2022-23.

Indian Railways Sets Record With Highest-Ever Capex Utilization In 9 Months Of This Fiscal Year

Indian Railways leads in capex spending this fiscal year

January 29, 2024, 01:12 PM - 2 min read

According to data released by the Ministry, Indian Railways has showcased its dedication to improving infrastructure and ensuring passenger safety by allocating a significant amount of Rs. 1,95,929.97 Crores. This represents around 75 per cent of the total Capex budget of Rs. 2.62 lakh crores set aside for the current fiscal year.

India plans 8 to 10 pc increase in FY25 capex

India's economic growth echoes 2003-07 period, predicts Morgan Stanley report

Coal PSU exceeds CAPEX target for FY24 with over 107% annual growth

Coal PSUs achieve 95.83% target of capital expenditure for FY24

Indian Railways leads in capex spending this fiscal year

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