Page 12 - Capex

Greenpanel hits new high on capex plan; stock zooms 160% in 3 months

The company's board approved capital expenditure (capex) of Rs 55 crore at its medium-density fibreboard (MDF) plants for better productivity and cost-efficiency

Chevron cuts spending plans again, sets 2021 budget of $14 billion

The company said it now expects its total capital and exploratory budget through 2025 to be between $14 billion and $16 billion, down from an earlier forecast of between $19 billion and $22 billion.

12 major states may have to cut capex by Rs 2.5-2.7 trillion in FY21: Icra

Icra projected the aggregate debt of these 12 states to deteriorate sharply to 28.9% of GSDP

State govt-funded infra capex expected to remain weak in near term: ICRA

As per ICRA estimates, major states together had a budgeted capital outlay of over Rs 5.7 trillion for FY2021 as against revised estimates (RE) of Rs 5.1 trillion in FY2020

IFC to support Netafim India's capex & working capital requirements

The proposed $75 million long-term financing will be in the form of Non-Convertible Debentures

HPCL raises Rs 2,000 cr debt for funding its capex during current year

Coupon rate will be 4.79 per cent per annum for the debt instruments which will mature on October 23, 2023

FM asks 14 CPSEs to spend 75% of Rs 1.15 trillion capex by December end

Govt looks to sustain pace of capital and infra projects to soften economic blow; Till H1 of FY21, these PSUs spent Rs 37,423 cr, or just 32%. In FY20, they spent Rs 1.16 trn or 104% of capex goal

FM holds 4th review meeting on capex of Central Public Sector Enterprises

While reviewing the performance of CPSEs, Sitharaman said CAPEX by CPSEs is a critical driver of economic growth and need to be scaled up for the FYs 2020-21 & 2021-22.

Capex measures to deliver the goods rather than the consumption booster

States and centre would be spending more on projects like roads, urban development, defence as a result of Finance Minister's announcements.

NTPC eyes 340 bu electricity generation, Rs 21,000 cr capex in FY21

In its MoU with power ministry detailing targets for the year, the company has mentioned a revenue target of Rs 98,000 crore

Railways achieves 31% of targeted capex in five months despite Covid-19

During the time of lockdown, the Railways increased the pace of infrastructure works, completing almost 200 projects that needed a traffic blockade

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

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

Revenues are close to 75% of pre-coronavirus levels, says Sun TV

Speaking to investors, S L Narayanan, Group CFO, Sun TV Network said, capex depends on how quickly the theaters restart

Hit by Covid-19 disruptions, BPCL trims FY21 capex plans to Rs 8,000 cr

The company on Thursday reported a doubling of its net income at Rs 2,076 crore in the June quarter boosted by an inventory gain of Rs 565 crore and a marketing gain of Rs 1,003 crore

Solar power counts the price for bidding cheap in race for projects

Even as companies are stretching themselves for funds, calling for a clarity in government policy, Shreya Jai explains the problems pulling down solar power

Another lockdown will hit automakers hard, affect capex plans: CARE Ratings

Several state governments have been announcing lockdown again in select areas for different time periods to check the Covid-19 pandemic

Capex plan, capital budget for FY21 pegged at Rs 10,000 crore: Coal India

The capex of CIL, at Rs 844 crore during the first quarter of the current financial year, crossed the provisioned target of Rs 720 crore

ONGC seeks crude price assurance of $45 per barrel, cuts capex by 15%

The largest domestic oil and gas producer had budgeted a capex of Rs 32,502 crore for the financial year, which has now been cut to around Rs 27,500 crore.

Hero MotoCorp cuts capital expenditure for FY21 by 40% to conserve cash

Firm says retail uptick has been very encouraging; Hero hopes to clock 80% volume of what it was doing before the pandemic struck, in June