Page 3 - Capex Spending
CPCL raises Rs 1,145 crore through NCBs issue to meet capex funding
The fund raising is to meet the funding of capex and financing of normal business activities
 "CPCL raises Rs 1,145 crore through NCBs issue to meet capex funding")
Capex boost of Rs 98,000 cr by big PSUs to spur economy: FM Sitharaman
Economic growth rate fell to over six-year low of 4.5% in the second quarter of 2019-20
 "Capex boost of Rs 98,000 cr by big PSUs to spur economy: FM Sitharaman")
For states, balancing fiscal maths and capex will be challenging: CRISIL
The rating agency - in its Infrastructure Yearbook 2019, released on Tuesday - said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year
 "For states, balancing fiscal maths and capex will be challenging: CRISIL")
JSW Steel Q2 PAT rises 22% to Rs 2,536 cr on one-time tax gain
Company cuts capex, production, sales guidance for FY20
 "JSW Steel Q2 PAT rises 22% to Rs 2,536 cr on one-time tax gain")
States put the foot down on capex; outlays up 17% during FY15-19
The expenditure is concentrated primarily on economic services that accounted for around 70 per cent of the spending
 "States put the foot down on capex; outlays up 17% during FY15-19")
FM Sitharaman asks departments to prepare capex plans for next 4 quarters
Most infra ministries have reached 50% of FY20 capex target
 "FM Sitharaman asks departments to prepare capex plans for next 4 quarters")
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
Vedanta spent Rs 10,000 cr on capex in FY19, plans another 55k cr
Vedanta stated that its growth plans will see it becoming the world's largest zinc producer and among the top three silver producers
 "Vedanta spent Rs 10,000 cr on capex in FY19, plans another 55k cr")
Election impact: New projects down 85% YoY in June on Capex slowdown
CMIE data puts value of new projects at Rs 43,000 cr, compared with Rs 3.45 trillion a year ago; completed projects down 60% to Rs 53,000 cr from Rs 1.33 trillion in June 2018
 "Election impact: New projects down 85% YoY in June on Capex slowdown")
Capex of Centre, states may have slowed in Sept quarter
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
Capex spending by states gathers momentum
Project completion rates for all states up 104% in the Apr-Dec period of FY17
 "Capex spending by states gathers momentum")
