Rs 1,95,930 crore capex utilization: Indian Railways recorded highest-ever capex utilization in the first nine months!

In a remarkable feat, Indian Railways has attained an unprecedented milestone by achieving the highest-ever capital expenditure (Capex) utilization of approximately 75 per cent during the period from April 1, 2023, to December 31, 2023.

In a remarkable feat, Indian Railways has attained an unprecedented milestone by achieving the highest-ever capital expenditure (Capex) utilization of approximately 75 per cent during the period from April 1, 2023, to December 31, 2023. This remarkable accomplishment reflects a substantial increase, showcasing a commendable growth of approximately 33 per cent when compared to the corresponding period of the previous fiscal year.

The total capital expenditure incurred by Indian Railways in this fiscal year until December 2023 amounts to Rs. 1,95,929.97 Crores approx. (1,95,930 crore), constituting approximately 75 per cent of the projected total Capex of Rs. 2.62 lakh Crores for the entire financial year. This robust utilization underscores the efficient and effective deployment of resources in various strategic initiatives and projects aimed at bolstering the railway infrastructure.

In comparison, during the corresponding nine-month period in the preceding fiscal year (December 2022), Indian Railways had utilized Rs. 1,46,248.73 Crores in capital expenditure. The substantial increase of about 33 per cent in Capex utilization this year attests to the Railways' commitment to advancing and modernizing its infrastructure.

The capital expenditure has been strategically allocated to key projects such as the development of new rail lines, doubling of existing lines, gauge conversion, and the enhancement of passenger amenities. Furthermore, a significant portion of the investment has been dedicated to safety-related initiatives, underscoring the paramount importance placed on ensuring the well-being and security of passengers.

This financial achievement not only highlights Indian Railways' commitment to progress and development but also showcases its ability to efficiently manage and utilize financial resources for the benefit of the railway network and its passengers. As the nation's lifeline, Indian Railways continues to play a pivotal role in the country's economic growth, with this record Capex utilization serving as a testament to its dedication to excellence and continuous improvement.