Page 9 - Latest Updates on Capital Expenditure
Centre advances devolution as states hunt for funds, transfers Rs 1.16 trn
Money will help carry out their capital expenditure and welfare spending plans
 "Centre advances devolution as states hunt for funds, transfers Rs 1.16 trn")
NTPC seeks shareholders' nod to raise up to Rs 12,000 cr via bonds
The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes
 "NTPC seeks shareholders' nod to raise up to Rs 12,000 cr via bonds")
Steel players' hopeful of export duty withdraw; okay with capex plans
Export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation
 "Steel players' hopeful of export duty withdraw; okay with capex plans")
Tata Communications: Ongoing supply-side headwinds to hurt near term
Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.
 "Tata Communications: Ongoing supply-side headwinds to hurt near term")
Q1 results preview: Strong order book booster for infra, cap goods firms
Sequentially, numbers likely to decline, since June quarter is seasonally weak
 "Q1 results preview: Strong order book booster for infra, cap goods firms")
Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23
Coal India's capital expenditure was Rs 1,841 crore in April-June period of last financial year
 "Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23")
States to get matching amounts from Centre for SPSEs' privatisation
The Centre has allocated Rs 5,000 crore for disinvestment of SPSEs and asset monetisation
 "States to get matching amounts from Centre for SPSEs' privatisation")
Centre sets out rules on disbursing Rs 1 trillion capex funds to states
Funds provided to the states under the scheme will be used for new and ongoing capital projects as well as for settling pending bills in them
 "Centre sets out rules on disbursing Rs 1 trillion capex funds to states")
Punjab power subsidy at multi-year high, other sops in focus in new budget
Punjab's new budget promises sops that may delay the state's date with fiscal prudence
 "Punjab power subsidy at multi-year high, other sops in focus in new budget")
Capex for revival
Govt has done well to increase expenditure
 "Capex for revival")
Capex is the route to economic revival, says FM Nirmala Sitharaman
In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps
 "Capex is the route to economic revival, says FM Nirmala Sitharaman")
Core sector output at 13-month high in May at 18.1% on capex push
The data shows broad-based improvement in core sector growth benefitting from a low base, with the exception of coal
 "Core sector output at 13-month high in May at 18.1% on capex push")
Govt to make sure capital expenditure supports growth momentum: CEA
The government is committed to ensure that capital expenditure will continue to support the economic growth momentum regained after the third Covid-19 wave, CEA V Anantha Nageswaran said
 "Govt to make sure capital expenditure supports growth momentum: CEA")
Housing, roads among biggest capex gainers in FY22, PMAY urban lags
A recent analysis by Business Standard shows that only 48.7 per cent of houses had been completed until May 17
 "Housing, roads among biggest capex gainers in FY22, PMAY urban lags")
India Inc's capital expenditure slows despite jump in net profits
Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings
 "India Inc's capital expenditure slows despite jump in net profits")
UltraTech announces Rs 12,886 cr capex plan as competition grows in cement
Bracing for stiff competition, the firm looks to boost capacity by 22.6 mtpa
 "UltraTech announces Rs 12,886 cr capex plan as competition grows in cement")
M&M to invest Rs 15,300 cr to fortify position in auto, farm eqpt and EVs
Mahindra is eyeing a pole position in SUVs in volume terms - a place it held three years ago
 "M&M to invest Rs 15,300 cr to fortify position in auto, farm eqpt and EVs")
Cera to invest Rs 200 crore in sanitaryware, faucetware expansion
Expansion plans includes a greenfield sanitaryware plant and a brownfield faucetware unit
 "Cera to invest Rs 200 crore in sanitaryware, faucetware expansion")
Wastage in welfare and subsidy schemes: Centre cracks the whip
The Centre has already issued a set of advisory for states to remove ineligible farmers from the PM-KISAN scheme
 "Wastage in welfare and subsidy schemes: Centre cracks the whip")
Capital expenditure crucial as inflation may hit India Inc plans: Icra
Icra said it expected capacity utilisation to reach the critical threshold of 75 per cent required to trigger broad-based capacity expansion, only by the end of the current calendar year
 "Capital expenditure crucial as inflation may hit India Inc plans: Icra")
