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.

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