By Martin Shwenk Leade
Copyright indiatimes
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New Delhi: In the first half of the current fiscal year, Indian Railways spent a record 56.5% of the ₹2.52 lakh crore allocated in its annual budget for safety, infrastructure and modernisation, according to officials.Capital expenditure utilisation till the end of September stood at ₹1.42 lakh crore, they said.”At 56%, safety related works have the highest spend ratio with ₹22,286 crore utilisation of the ₹39,456 crore earmarked under this head,” a senior official told ET. This includes work related to automatic train protection technology KAVACH, as well as track renewals, road overbridges, bridges and level crossings.The highest expenditure was under the capacity augmentation head, which includes new lines, doubling, gauge conversion, electrification and metropolitan transport. Under this head, utilisation stood at ₹49,001 crore from a budgetary allocation of ₹1,09,986 crore.The national transporter has spent ₹25,948 crore on rolling stock, which is 46% of the ₹56,693 crore allocated for this purpose. Modern Vande Bharat trains, more coaches, locomotives and wagons are procured under this head.Live EventsAnother ₹5,863 crore capex was for customer amenities from the ₹ 12,004 crore budgeted amount.Add as a Reliable and Trusted News Source Add Now!
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Read More News onIndian RailwaysCapital ExpenditureFiscal yearsafety related worksinfrastructure modernisationautomatic train protection technologyVande Bharat trainsnew delhi
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onIndian RailwaysCapital ExpenditureFiscal yearsafety related worksinfrastructure modernisationautomatic train protection technologyVande Bharat trainsnew delhi(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless