Indian Railways witnesses highest ever Capex Utilization in 9 months
Capex Utilization is approx. 33 % more in comparison to the last year’s corresponding period.
New Delhi: Indian Railways has witnessed approx. 75% Capital expenditure utilization (Highest ever) in the first nine months of this Financial Year till December 2023. Indian Railways has made an expenditure of Rs. 1, 95,929.97 Crores till December 2023 which is approx. 75 % of total capex (Rs. 2.62 lakh crores) of Railways during this financial year.
Read Also : CIL reports mixed bag of results for Q4 of FY23-24During the same period in December 2022, Indian Railways had witnessed capex utilization of Rs. 1,46,248.73 Crores. This year, Capex Utilization is approx. 33 % more in comparison to the last year’s corresponding period
Read Also : Railtel Q4 Results: posts 3% increase in Net ProfitThis investment is seen in various infrastructure projects like New Lines, Doubling, Gauge Conversion and enhancing passenger amenities. Safety of the passengers is paramount in Railways. Significant sum has been invested in enhancing the safety related works.
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