IR registers highest ever capex

IR has achieved the highest-ever capex utilisation of 48 per cent in the April-August period of 2023-24. Expenditure to the tune of Rs 1,150 billion has been made as of August 2023. Investments have been made in various infrastructure projects, such as new lines, doubling, gauge conversion and enhancing passenger amenities. Since the safety of passengers is paramount in railways, a significant sum has been invested in enhancing safety-related works. The capex utilisation is nearly 54 per cent higher in comparison to the corresponding period in 2022-23.