Centre Spending Boosts Infra Companies
Heavy capital expenditure to boost economy helps construction firms improve order book and profit margins.
capex
September 2022
July 2022
June 2022
February 2022
After Centre's infra push, now state capex up 36% in FY23
The Union Budget had provided a 35.4% increase from ₹5.54 lakh crore in 2021-22 to ₹7.5 lakh crore in 2022-23 in capex allocations early this year.
Infrastructure sector key driver for Indian economy: Sarbananda Sonowal
Infrastructure development and upgrade will play a better role in realising the vision of India becoming a $5 trillion economy by 2025, Sonowal said.
India GDP growth to decline, capex to support momentum: FinMin
India’s GDP growth is expected to slowdown, but remain higher than other emerging market economies and highest among major countries, the ministry says.
UltraTech Cement commits ₹12,886 cr to capacity expansion
Upon completion of the latest round of expansion, UltraTech Cement's capacity will grow to 159.25 metric tonnes per annum.
Centre front-loads capex amidst global headwinds; April spend up 67% at ₹78,925 cr
The money spent in April is 10.5% of the annual capital expenditure target of ₹7,49,652 crore in 2022-23.
Budget 2022: A Snapshot
Finance minister has gone for a sharp rise in capital expenditure to get the economy going while cutting down on subsidies and some social sector schemes.
Taking Stock of Capex
Government's bet on infrastructure is pepping up capital goods, construction, cement, metals and banking stocks.
The Big Public Infra Bet
Infra sectors received the largest share of the ₹7.5 lakh crore pie with an expectation that the capex will create the desired multiplier effect on the economy.
Opted for infra push to economy against consolidation advice: Revenue Secy Tarun Bajaj
Going into the budget making for 2022-23, the quality of expenditure was one of the major concerns, says revenue secretary Tarun Bajaj.
