NSO Survey Finds Strong Private Corporate CAPEX Momentum
ECONOMY & POLICY

NSO Survey Finds Strong Private Corporate CAPEX Momentum

The National Statistics Office (NSO) released a forward-looking survey on private corporate sector capital expenditure intentions covering October to December, 2025. The survey frame comprised 14,257 enterprises and the sample size was 7,486 enterprises, of which 5,366 operational enterprises responded and 4,203 reported plans for 2026–27. The exercise retained a fixed panel of 3,819 enterprises that provided complete information for the three-year reference period.\n\nThe NSO report used million (mn) as the unit for per enterprise values. At the enterprise level the estimated intended capital expenditure for 2024–25 was Rs 1,802 mn while actual expenditure was Rs 1,735 mn, yielding a realisation ratio of 96.3 per cent. The high realisation ratio indicates actual spending was broadly in line with previously reported intentions.\n\nAt the aggregate level provisional capital expenditure on acquisition of new assets for 2025–26 is estimated at Rs 11,438.79 bn and aggregated intentions for 2026–27 are estimated at Rs 9,552.81 bn, reflecting robust planned activity despite typical reporting conservatism. The NSO reported that internal accruals accounted for 65.35 per cent of CAPEX financing in 2025–26 while domestic debt contributed 23.25 per cent and equity raised within the country three point seven eight per cent. Foreign direct investment financed one point zero four per cent and foreign debt two point three eight per cent of the total.\n\nRegarding strategy close to 48.63 per cent of enterprises focused on core asset creation and 38.36 per cent planned investments for value addition to existing assets, while less than four per cent followed debt-related strategies and about one per cent pursued distressed asset approaches. Investment objectives predominantly included income generation for 60.13 per cent of enterprises and upgradation of capacity for 42.12 per cent, with diversification and other reasons accounting for smaller shares. The NSO highlighted the survey's value for policymakers and businesses and noted that the detailed booklet is available on the Ministry website, with unit-level data withheld to preserve confidentiality.

The National Statistics Office (NSO) released a forward-looking survey on private corporate sector capital expenditure intentions covering October to December, 2025. The survey frame comprised 14,257 enterprises and the sample size was 7,486 enterprises, of which 5,366 operational enterprises responded and 4,203 reported plans for 2026–27. The exercise retained a fixed panel of 3,819 enterprises that provided complete information for the three-year reference period.\n\nThe NSO report used million (mn) as the unit for per enterprise values. At the enterprise level the estimated intended capital expenditure for 2024–25 was Rs 1,802 mn while actual expenditure was Rs 1,735 mn, yielding a realisation ratio of 96.3 per cent. The high realisation ratio indicates actual spending was broadly in line with previously reported intentions.\n\nAt the aggregate level provisional capital expenditure on acquisition of new assets for 2025–26 is estimated at Rs 11,438.79 bn and aggregated intentions for 2026–27 are estimated at Rs 9,552.81 bn, reflecting robust planned activity despite typical reporting conservatism. The NSO reported that internal accruals accounted for 65.35 per cent of CAPEX financing in 2025–26 while domestic debt contributed 23.25 per cent and equity raised within the country three point seven eight per cent. Foreign direct investment financed one point zero four per cent and foreign debt two point three eight per cent of the total.\n\nRegarding strategy close to 48.63 per cent of enterprises focused on core asset creation and 38.36 per cent planned investments for value addition to existing assets, while less than four per cent followed debt-related strategies and about one per cent pursued distressed asset approaches. Investment objectives predominantly included income generation for 60.13 per cent of enterprises and upgradation of capacity for 42.12 per cent, with diversification and other reasons accounting for smaller shares. The NSO highlighted the survey's value for policymakers and businesses and noted that the detailed booklet is available on the Ministry website, with unit-level data withheld to preserve confidentiality.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement