Page 2 - Capex Spending

Not all states are so financially weak that they can't announce freebies

However some such as Punjab and West Bengal are not on sound financial ground

ONGC, IOC, others to spend Rs 1.11-trn capex in FY23

ONGC has planned a capital expenditure (capex) of Rs 29,950 crore in FY23, marginally lower than the revised estimated expenditure of Rs 30,500 crore in the current fiscal

Noodles to chips: Global capex booms as companies prep for post-Covid era

Corporate capital expenditure will jump globally by 13% this year, according to S&P Global Ratings, with growth in all regions and broad sectors.

Dr Reddy's lines up Rs 1,000 cr capex for current fiscal on growth outlook

Dr Reddy's Laboratories has earmarked a Capex of around Rs 1,000 crore for the current fiscal as it remains positive about sustaining its growth trends in the current fiscal, top company official said

mRNA Covid vaccine maker Gennova lines up Rs 250-crore capex: Crisil

The Emcure Pharma arm has tied up with Seattle-based HDT Biotech Corp for the vaccine, on which animal trials have been completed. Phase-I and II trials likely to be completed in 2-3 months

L&T, ABB India: Analysts bet on capex-related plays amid economic revival

"Valuations for consumption stocks now appear stretched while the industrials sector still trades at historical averages," wrote Amish Shah of BofA Securities

60% of govt 'spending spree' inevitably goes towards committed outlay

With schemes like MGNREGA and cash support via PM-KISAN given priority in allocation from the remainder, govt is forced to dip into capital receipts from disinvestment and borrow from the market

Budget showcases govt's strong strategic push for growth-oriented roadmap

The sharp and targeted focus on infrastructure, capex, health, education, financial sector reforms and fiscal credibility have been the key takeaways from this Budget

Expect Budget to be positive for capex-driven sectors, says Amish Shah

Capex as a percentage of Budget expenditure was 18 per cent in FY17 and FY19. Now, it has come down to 16 per cent… There is scope for capex allocation to go up, says Shah

Coal India increases capex by 30% for current fiscal year to Rs 13,000 cr

Move in line with Centre's directive to increase expenditure for economic revival

Budget 2021: Govt may raise capex outlay to revive demand and boost growth

Analysts say it could be 10% more than allocation for FY21

Companies shelve capex plans on pandemic blow, new projects decline 88%

Completed projects are down 74.3 per cent to Rs 43,000 crore

UltraTech Cement to invest Rs 5,477 cr to raise capacity by 12.8 mn tonnes

Expansion could be a mix of brown and green field projects; demand in eastern part of India strongest of all regions, say brokerages

Hindustan Copper board defers decisions of proposals due to less time

"Due to paucity of time, the.... proposals could not be discussed and deferred by the board," it said in a regulatory filing

Centre has walked the talk on capex, shows official data

Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end

PVR defers capex plans to control costs amid Covid-19 disruptions

Cinema halls in India have remained shut since March this year, after the government imposed nationwide lockdown to check the spread of Covid-19

Covid-19 restrictions to shave off 18% of ONGC capex for FY21: Executive

"Capex flow will get pushed to next fiscal," Subhash Kumar said adding FY21 capex would be around Rs 26,500 crore

FM Sitharaman holds second review meet on capex spending of CPSEs

The combined capex target for these 7 CPSEs is Rs 24,663 crore for for FY 2020-21

Conserving cash is the mantra: Firms put capex plans on hold amid Covid-19

In a two-part series, Business Standard takes a look at the capital expenditure plans of firms in key sectors and how they plan to fund it

Miners want mandatory capex rule relaxed as workers stay away fearing Covid

None of the merchant mines in Odisha whose lease validity expired by March 31 has been able to restart. Though the successful bidders have got LoI, they awaiting formal vesting orders