Page 2 - Capex

FM Sitharaman meets road, telecom ministries to review budgeted capex plans

This was the first, in a series of meetings by the FM, to take stock of the progress being made by ministries with significant capital outlays in the coming days, the press statement added

Macrotech net debt rises 43.5% to Rs 4.3K cr in Q1 on higher capex for land

Realty firm Macrotech Developers Ltd's net debt rose 43.5 per cent to Rs 4,320 crore during the first quarter of this fiscal year due to higher investment in land acquisition and construction. Mumbai-based Macrotech Developers, which sells its projects under the Lodha brand, is one of the leading developers in the country. According to its latest investors presentation, the company's net debt stood at Rs 4,320 crore as of June 30, 2024, against Rs 3,010 crore at the end of the March quarter of 2023-24. The net debt stood at Rs 4,320 crore, 0.24 times equity, well below the ceiling of 0.5 times equity, the presentation said. The investment in growth led to an increase in net debt, the company added. According to a transcript of discussions with analysts, Macrotech Developers MD and CEO Abhishek Lodha said, "In spite of the significant level of business development plus a significant ramp up in construction spend in this quarter, our net debt stood at Rs 4,300 crores, which is 0.24

Capex by Nifty 50 companies declined 20.7% in FY24 on RIL drawdown

Gross block formation by Reliance down by Rs 1.06 trillion, shows annual report

India has overcome after-effects of pandemic with capex push: FM Sitharaman

Nirmala Sitharaman said that not mentioning a state in the Budget speech does not mean that it will not be given any financial support, referring to the Opposition's charge on Bihar and Andhra

Union Budget 2024: Capital expenditure support continues to be sustained

India under the present government added 3,000 kms of Dedicated Freight Corridor, substantial patch doubling, quadrupling and track renewals

Budget 2024: State governments have stepped up capital expenditure

Devolution of central taxes among states has remained a contentious issue over cess

Union Budget 2024: Slowdown in new projects, decline in completed projects

The govt will continue to drive investments with focus on capex spending

Budget 2024: Capex for infrastructure intact, ball now in states' court

The effective capital expenditure for the financial year is Rs 15 trillion, which includes close to Rs 3.9 trillion in grants to states for infrastructure creation

Ready reckoner: FM Nirmala Sitharaman's Budget 2024 is a balancing act

The gross borrowing target is lower relative to gross domestic product as well as in absolute terms. This has meant that deficits remain under control

Union Budget 2024: Railways capex up marginally to Rs 2.65 trillion

Around Rs 1.08 trillion lined up for critical safety works like Kavach, repairing and overhaul of old lines

Private capex picked up in FY24, driving growth: Economic Survey FY24

Private gross fixed capital formation must accelerate in machinery, equipment, intellectual property products to create quality jobs

CareEdge Ratings expects upcoming budget to boost revenue expenditure

The ratings agency expects the government's focus on manufacturing and capex to continue in the Budget

Govt targets higher capex in upcoming Budget amid fiscal gains and optimism

The Union Budget is set to project higher capex, surpassing the Rs 11.1 trillion outlined in the Interim Budget, reflecting India's improved fiscal discipline and global investment prospects

Adani to invest Rs 1.3 trn in FY25 across portfolio companies, says CFO

The investment across portfolio companies that range from ports to energy, airports, commodities, cement and media will be 70 per cent met through internal cash generation

Budget 2024-25: Highway capital expenditure may rise up to 10%

Experts understand it as reasonable, given the high base the highway budget is operating on due to back-to-back bumper hikes in the previous two financial years

Budget 2024: Capex momentum for developing highways likely to continue

Focus will be on the quality of work done and not just the length of highways built, say senior govt officials

Budget 2024: Renewable sector likely to get double-digit capex allocation

Union Budget 2024: Capital expenditure for renewable power may witness a double-digit allocation, with capacity expected to reach 180-gigawatt by FY26, according to a CRISIL report

Budget Watch: Will oil companies have the cushion of a mega net zero fund?

Rs 15,000 crore fund has the potential to open up major capex for green projects

Budget 2024 expected to boost infra, and logistics with increased capex

Even as the industry wants a 25% increase in capex allocation in the Budget for FY 2024-25 over revised estimates for FY24, experts feel there may be limited capacity to spend on projects

Case for reforms validated by past experience: CII President Sanjiv Puri

India is growing at a time when most economies are under stress, Puri said