Page 8 - Latest Updates on Capital Expenditure
AM/NS bulks up for the future, focuses on acquisitions to secure infra
Nearly Rs 90,000 crore worth of capital expenditure has been incurred so far on various asset acquisitions and projects, with a major investment of about Rs 42,000 crore
 "AM/NS bulks up for the future, focuses on acquisitions to secure infra")
FM Nirmala Sitharaman confident of strong growth, low inflation in 2023
Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."
 "FM Nirmala Sitharaman confident of strong growth, low inflation in 2023")
Price volatility takes sheen off aluminium firms' capital expenditure
Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year
 "Price volatility takes sheen off aluminium firms' capital expenditure")
Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period
During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full year target
 "Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period")
Coal India's capital expenditure rises 33% to Rs 7,027 crore in Apr-Sep
The company's capex in the year-ago period stood at Rs 5,300 crore
 "Coal India's capital expenditure rises 33% to Rs 7,027 crore in Apr-Sep")
IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest
Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day
 "IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest")
Rs 23,380 cr needed to upgrade grade A offices in four metros: JLL report
These four cities are also the biggest office markets in India, holding 569 million sq ft, or 77% of the total Grade A office stock of 740 mn sq ft situated in the country's top seven cities
 "Rs 23,380 cr needed to upgrade grade A offices in four metros: JLL report")
India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data
Fresh loans plummet 93% to $210 mn in Q3, CY22
 "India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data")
Delhi International Airport to raise up to Rs 1,600 cr via debentures
Tweaks plans to opt for Debentures as alternative to lease financing
 "Delhi International Airport to raise up to Rs 1,600 cr via debentures")
Capital expenditure by CPSEs accelerates to 43% of FY23 target in H1
While CPSEs spent Rs 2.8 trillion in capex in the first half of FY23, they had invested Rs 2.19 trillion during the year-ago period, registering 27.85 growth per cent
 "Capital expenditure by CPSEs accelerates to 43% of FY23 target in H1")
Steady trend: PSUs hit 34% of capex target in April-August, shows data
The centre through government departments and PSUs has been lifting the economy through capital spending as investments from private sector lag.
 "Steady trend: PSUs hit 34% of capex target in April-August, shows data")
Nestle to invest Rs 5K crore in India by 2025: CEO Mark Schneider
The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity
 "Nestle to invest Rs 5K crore in India by 2025: CEO Mark Schneider")
Is a re-rating on the cards for capital goods stocks?
Robust demand in economy -- aided by government spending -- has enabled capital goods companies to sustain strong order inflows. Takes a look at key factors which make analysts bullish on this space
 "Is a re-rating on the cards for capital goods stocks?")
India Inc's FY22 capex rises 9.1% YoY but lags pre-Covid growth
The rise in corporate assets, also called gross block, was largely led by top companies and industry leaders; small and medium firms lagged in capex terms
 "India Inc's FY22 capex rises 9.1% YoY but lags pre-Covid growth")
Prison resources inadequate despite 24% jump in budget allocation in 5 yrs
The states with the highest annual expenditure per inmate in 2021 were Andhra Pradesh (Rs 2.1 lakh), Haryana (Rs 1.4 lakh) and Delhi (Rs 1.1 lakh)
 "Prison resources inadequate despite 24% jump in budget allocation in 5 yrs")
Govt seeks to improve disclosures by PSUs, asks for monthly data on capex
New details such as CSR, gender-wise reporting of contractual workers, unused land, and profit share in joint venture companies have also been added in the list of disclosures
 "Govt seeks to improve disclosures by PSUs, asks for monthly data on capex")
Private consumption, capital investment rises in Q1, govt consumption slows
The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.
 "Private consumption, capital investment rises in Q1, govt consumption slows")
Tata Steel infuses around Rs 54 cr in TSML via additional shares
The funds will be used by TSML to meet capital expenditure requirements, a regulatory filing said.
 "Tata Steel infuses around Rs 54 cr in TSML via additional shares")
NTPC floats tender to raise Rs 5,000-cr term loan, bids invited till Aug 31
"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.
 "NTPC floats tender to raise Rs 5,000-cr term loan, bids invited till Aug 31")
Capital goods production expands in June, led by capex revival
The Index of Industrial Production for June, released on Friday, showed capital goods output -- which is a barometer of investment -- rose by 26.1 per cent over the year-ago period, the sharpest among
 "Capital goods production expands in June, led by capex revival")
