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 : NTPC-NPCIL Joint Venture 'ASHVINI' gets Govt approvalDuring 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 : RBI imposes penalty of Rs. 10.4 lakhs on HP Financial ServicesThis 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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