Indian Railways spends ₹1.95 lakh crore, hits 75% capex utilization in 9 months
This expenditure represents nearly three-quarters of its total allocated capital expenditure of ₹2.62 lakh crore for the financial year.
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This expenditure represents nearly three-quarters of its total allocated capital expenditure of ₹2.62 lakh crore for the financial year.
"Maybe I think (an IPO) down the line in next one to two years... as we add capacity and there is a pipeline of growth," Singh said in response to a question on whether the company was looking for listing its green energy vertical.
Emphasizing the sustainability advantages, Verma shared the company's ambition to offset around 5 million tons of CO2 equivalent by 2026 and described Lohum as operating essentially as a net-zero entity.
What makes the 8.5 per cent capex growth in April-July FY24 significant was it came over a high base of Rs 4,332 crore of same period in FY2023, the year when CIL's capex peaked to an all-time high of Rs 18,619 crore.
Sheru's state-of-the-art bidirectional battery-swapping station will offer interchangeable batteries for electric two-wheelers, three-wheelers, and rickshaws, effectively powering their mobility.
S&P said RIL's adjusted debt will likely remain at Rs 2.6 lakh crore to Rs 2.7 lakh crore over the next two years. "This is due to a number of planned investments under its pipeline, including 5G services, oil refining and petrochemicals, renewables, and retail expansion."
The entity owned jointly by the Centre, West Bengal and Jharkhand governments, achieved the "highest" power generation in its 75 years of existence, with a nearly 6.5 per cent year-on-year rise to 43.32 billion units in 2022-23.
It also stated that the proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc.
Since taking office in 2014, Modi has ramped up capital spending including on roads and energy, while wooing investors through lower tax rates and labour reforms, and offering subsidies to poor households to clinch their political support.
India possesses a 7,600 km long coastline and roughly 2.3 million square km of the exclusive economic zone (EEZ) and has the potential to overcome the challenges and tap into the potential of offshore wind.
SJVN’s CMD Nand Lal Sharma while addressing media persons in Shimla on Friday said that SJVN has been continuously looking for opportunities for setting up Solar, Wind, Hybrid, Floating Solar, Ocean Hybrid Platforms Pan India. These opportunities are generally in the form of Competitive Bidding processes.