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Indian Railways sets record with highest-ever Capex utilization in 9 months of this fiscal year

By Economic Times - 9 months ago
Indian Railways has achieved a remarkable 75% capital expenditure (Capex) utilization during the first nine months of the current fiscal year (April 1, 2023, to December 31, 2023). The Railways invested Rs. 1,95,929.97 Crores, constituting approximately 75% of the total Capex budget of Rs. 2.62 lakh crores allocated for the financial year. Compared to the corresponding period in the previous year, there has been a notable 33% increase in Capex utilization.

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