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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.
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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.
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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.
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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.
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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.
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