Page 6 - Latest Updates on Capital Expenditure
Gail to borrow up to Rs 7,000 cr to fund Rs 10,000 cr capex plan in FY24
The company is also contemplating entering into the ethane cracker, but the plans are still on the drawing board
 "Gail to borrow up to Rs 7,000 cr to fund Rs 10,000 cr capex plan in FY24")
Capex by large state-run firms jump 121% to Rs 53,000 crore in April
Expenditure cycle of NHAI, petroleum CPSEs off to a strong start
 "Capex by large state-run firms jump 121% to Rs 53,000 crore in April")
New phase of capex cycle to start soon, say analysts. Top stocks to bet on
Helped by a property upcycle, analysts at Jefferies believe various government initiatives are likely to drive capex going ahead
 "New phase of capex cycle to start soon, say analysts. Top stocks to bet on")
States used Rs 82K cr of Rs 1 trillion capex support allotted in FY23
The Centre has provided 50-year, interest-free loans to states to augment their capital expenditure requirements in the past three Budgets
 "States used Rs 82K cr of Rs 1 trillion capex support allotted in FY23")
Under construction
Project delays must be avoided
 "Under construction")
Delphi-TVS Technologies JV to take up capex worth 450 cr at Chennai plant
Delphi-TVS Technologies, a joint venture between diversified conglomerate TVS Group and auto-component major BorgWarner, has lined up investments worth about Rs 450 crore over the next 3 years
 "Delphi-TVS Technologies JV to take up capex worth 450 cr at Chennai plant")
Reserve Bank likely to help states to analyse, frame their capex numbers
As of now, the states are handicapped because there is no format they can borrow from the centre to guide them on tracking their capex except the financial support
 "Reserve Bank likely to help states to analyse, frame their capex numbers")
CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30
It is looking to start new business lines like collection and recover services
 "CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30")
New projects hit Rs 12.3 trillion in March quarter on large orders
Analysts say slowing growth globally may limit future investments
 "New projects hit Rs 12.3 trillion in March quarter on large orders")
Capex cannot be driven by public investment, says industry body Assocham
Industry body Assocham said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy
 "Capex cannot be driven by public investment, says industry body Assocham")
India Inc planning to increase capex, hire more in FY24: BS Poll
Most top executives appear to be upbeat about sales and profit
 "India Inc planning to increase capex, hire more in FY24: BS Poll")
Guns vs Butter-I: House panel welcomes larger funds allocation
The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop
 "Guns vs Butter-I: House panel welcomes larger funds allocation")
Capital expenditure of states shows improvement as year comes to a close
The biggest improvement year-on-year (YoY) has been by Uttar Pradesh, Maharashtra, Gujarat, and Karnataka
 "Capital expenditure of states shows improvement as year comes to a close")
States given capital expenditure targets tied to interest-free loans
If target missed, part of loans to be deducted in 2024-25
 "States given capital expenditure targets tied to interest-free loans")
Social capital and Budgets: The picture is varied, not just black or white
India's ranking on the UN's HDI has remained more or less unchanged, suggesting the country is doing no better or worse than others, though most are growing much slower than India, writes T N Ninan
Adani Transmission to announce debt refinancing plans in few weeks: Report
The company has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source
 "Adani Transmission to announce debt refinancing plans in few weeks: Report")
Adani Enterprises to freeze capital expenditure in new road projects
It will focus instead on completing existing ones, before committing fresh investments
 "Adani Enterprises to freeze capital expenditure in new road projects")
Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout
Holding back on investments for even as little as three months could save the conglomerate as much as $3 bn- funds that can be deployed to pay down debt or boost the cash pile, said another person
 "Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout")
Four economic trends that will impact India
The Budget reflects the shift globally in government capital expenditure, inflation, fiscal deficit and globalisation
 "Four economic trends that will impact India")
Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target
Petroleum CPSEs and the National Highways Authority of India (NHAI) have so far driven the capex among CPSEs
 "Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target")
