Capital expenditure News

The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls after which the new government will present a full budget in July. 

Govt plans to launch the fourth tranche of Bharat Bond ETF in December. Bharat Bond ETF is India's first corporate bond exchange traded fund. The funds raised would be utilised for undertaking capital exp. by public sector.

Capital expenditure for 1st Quarter of 2021-22. States granted permission to borrow an additional Rs 15,721 crore. Borrowing equivalent to 0.25 percent of their Gross State Domestic Product.

According to the company, the capex announced will include the commencement of construction of phase-2 of the Vallam Vadagal plant in Tamil Nadu this year.

For 2017-18, the government aims to bring down the fiscal deficit to 3.2 percent of GDP.

Finance Minister Arun Jaitley today said that the total expenditure in Budget for 2017-18 has been placed at Rs. 21.47 lakh crores. With the abolition of Plan-Non Plan classification of expenditure, the focus is now on Revenue and Capital expenditure.

The quality of government expenditure has improved significantly in the current fiscal and is resulting in high growth, Finance Ministry said on Saturday.

Moody's Investors Service on Tuesday said investment levels in India are showing early signs of recovery driven by an upturn in capital expenditure and increased public spending.

Oil and Natural Gas Corporation (ONGC) is expected to increase its upstream capital expenditure by 10 per cent next year and intensify its exploration activities, taking advantage of the current depressed global energy market.

As Reliance Industries nears completion of a significant capex cycle over next 12 months, return ratios are likely to improve in the medium term, driven by strong earnings accretion from core business and a rational strategy in telecom business, a brokerage said.

Country's largest telecom firm Bharti Airtel has approached the global debt market Wednesday to raise up to USD 1 billion in a 10-year bond sale programme.

Tata Steel, which reported a massive Rs 5,674 crore loss in the March quarter due to non-cash write downs, Wednesday said it will spend Rs 10,000 crore in capex this fiscal as it hopes demand conditions to improve over the next few quarters.

Reliance Industries plans to raise Rs 10,000 crore through a privately placed non-convertible debenture issue to fund its ongoing capital expenditure.

State-owned Bharat Petroleum Corp Ltd (BPCL) Thursday said it has raised USD 500 million through fixed rate unsecured notes to fund its capital expenditure.

RBI Governor Raghuram Rajan Tuesday said green shoots are visible in the investment climate, but refrained from commenting on the new CSO series on economic growth numbers.

Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, betting on demand for renewable energy sources such as wind and solar in Asia`s third-largest economy.

State-owned Coal India (CIL) on Friday said it is gearing up to invest about Rs 6,000 crore towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity.

Board of India Cements has approved a proposal to raise Rs 500 crore through qualified institutional placements or foreign currency convertible bonds to meet capital expenditure needs, a top official said on Friday.

Reliance Industries, which Monday reported a 1.7 percent rise in net profit at Rs 5,972 crore for the three months to September, expects up to Rs 10,000 crore capital expenditure in the remaining part of this fiscal.

Reliance Power (RPower) plans to invest nearly Rs 50,000 crore in the next five years to undertake various expansion projects, including increasing power generation and coal production.