Indian Railways breaks capex record in 9-month fiscal period

31 Jan 2024 CW Team

In a notable accomplishment, it was reported that Indian Railways had achieved its highest-ever capital expenditure (Capex) utilisation, reaching an impressive 75 percent during the initial nine months of the current fiscal year, spanning from April 1, 2023, to December 31, 2023.

According to the official data provided by the Ministry, the Railways demonstrated its commitment to infrastructural development and passenger safety by investing a substantial amount of Rs 1.95 trillion, which accounted for approximately 75 percent of the total Capex budget of Rs 2.62 trillion allocated for this financial year.

The statement further mentioned that, when comparing the data with the corresponding period in the previous year, Indian Railways had surpassed its own performance, achieving a remarkable 33 percent increase in Capex utilisation. In December 2022, the Capex utilisation stood at Rs 1.46 trillion, highlighting a substantial boost in investment in various infrastructure projects.

These investments were dedicated to crucial projects such as the development of new rail lines, the doubling of existing lines, gauge conversion, and the enhancement of passenger amenities. A significant portion of the allocated funds had been directed towards initiatives aimed at improving passenger safety, reaffirming the Railways' commitment to providing a secure and efficient transportation system for the public.

As Indian Railways continued to set new benchmarks in Capex utilisation, the nation anticipated continued progress and advancements in the railway infrastructure, contributing to the overall development of the transportation sector.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..