Capex: Latest News and Updates, Top Stories, Videos, Photos About Capex

Coal India: PSUs Bag 95.83% Of CAPEX Target To Rs 20,153 Crore; Utility Stocks In Focus

The Ministry of Coal announced on Wednesday that the state-owned Coal India Ltd. (CIL) is poised to surpass its CAPEX target of Rs 20,153 crore for the ongoing fiscal year. The government has once again demonstrated its pivotal role in driving ...

Schneider Electric India Lines Up Rs 3,200 Crore Capex By 2026: CEO & MD Deepak Sharma

Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country, company's CEO & MD Deepak Sharma said. The investments will be made in nine states, Sharma who is also the ...

Tata Group's Arm Plans Rs 16,000-Cr Capex In FY24, Shares Jump 10% In 1-Month

Tata Group stock, Tata Steel is considering a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year, according to its top management. Meanwhile, current market price of Tata Steel share is ...

Government Spending Declines 2.2% YoY In July’22

Total government expenditure contracted for the first time in FY23, down 2.2% YoY in Jul'22 as against a growth of 5.4% YoY in Jun'22, Motilal Oswal Financial Services has said in a report. "The decline was on account of ...

Fiscal Deficit For June Qtr Comes In At 21.2% Of Full-Year Target

As per the data released today by the Controller General of Accounts, the fiscal deficit of the centre for the April-June quarter is placed at Rs. 3.52 lakh crore, accounting for 21.2 percent of the full-year target. In ...

MDF Manufacturer Stock Announces Rs. 600 Cr Capex Outlay, Buy For 21% Upside: Sharekhan

Top brokerage firm Sharekhan recommends investors to buy the stocks of Greenpanel Industries Ltd. The company announced 231,000 cbm brownfield MDF capacity expansion in Andhra Pradesh at a CAPEX outlay of Rs. 600 crores. The unit is expected to commence production from Q2FY 2025. {photo-feature}...

Higher Transfers from Government To Give a Leg-up to States’ Capex: India Ratings

India Ratings and Research (Ind-Ra) expects capital expenditure by states to get a push from the capital outlay of INR1 trillion in the FY23 Union Budget under the ‘Scheme for Financial Assistance to States for Capital Investment'. "States are ...

Massive Capex Outlay To Crowd in Private Investment By Creating Demand, Boosting Eco Activity: Fin Secy

The government's massive capital spending programme outlined in the Budget 2022 will help crowd-in private investment by reinvigorating economic activities and creating demand, Finance Secretary T V Somanathan said. Finance Minister Nirmala Sitharaman raised capital expenditure (capex) by 35.4 per cent ...

Budget Reaction: What Experts Say On Increase In CapEx Outlay By 35%

The government boosted capital expenditure (CapEx) outlay by roughly 35% to Rs 7.5 lakh crore in the financial year 2022-23, as per finance minister Nirmala Sitharaman, who also stated that the FY23 effective CapEx is expected to be Rs 10.7 lakh ...

Fitch: Budget Short On Structural Reform Announcements

India's budget for the fiscal beginning April focuses on giving a boost to the ongoing economic recovery through a sharp increase in capex spending but is short on major growth-enhancing structural reform announcements, Fitch Ratings said Wednesday. The deficit ...

UltraTech Announces Rs 965 Crore Capex For Modernisation, Doubling Birla White Production Capacity

Leading cement maker UltraTech Cement on Monday announced a capital expenditure (capex) of Rs 965 crore for its modernisation and to almost double the production capacity of its white cement brand Birla White. The Aditya Birla Group company plans ...

Power CPSEs Capex Rises 47 Percent to Rs 40k Crore In Apr-Dec

The power ministry on Thursday said the state-owned firms (CPSEs) under it have incurred capital expenditure of Rs 40,395.34 crore during April-December 2021, which is 47 per cent higher year-on-year. "CPSEs under Ministry of Power have incurred capital expenditure ...

Capex News