Story of the week
Tracking India’s Railway Capex Boom
By Team InBilt
Published on 23rd October, 2026
With an outlay of more than Rs 2.9 trillion, railways is the second-biggest contributor to infrastructure capex, after roads, but also faces the same hiccups.
Last six months, India’s Cabinet Committee on Economic Affairs (CCEA) have approved multi-tracking projects worth close to Rs 60,000 crore, across different states. The promised outlay for railways in the last few years, and the general direction of approvals for these investments has been enthusiastic, but its translation into actual awards and order-books, have some miles to go. In this week’s newsletter – Tracking India’s Railway Capex Boom, InBilt looks at the tendering, awarding and project execution trends of railways, as we speak to Suprio Banerjee, Vice President and Co-Group Head of ICRA for more insights.
Company News
ORDER WINS
Essar Ports receives LOA for Tuna Tekra Multipurpose Cargo Terminal at Kandla
EXPANSION
APSEZ’s Colombo West International Terminal Doubles Capacity to
3.2 million TEUs with Total USD 750 Million Investment
FUND RAISING
IRB InvIT completes fund-raising of Rs 2,351crore
ASSET SALE
IRB Infrastructure looks to monetise non-core assets in Mumbai, Pune.
FUND RAISING
Adani Airports to raise $1 billion of primary equity.
NEW ORDERS
L&T wins Rs 5,000-10,000 cr BESS project order from West Asia.
Tenders this Week
Quick Stop
- India’s toll collection in April-September, 2026 period rises 24% at Rs 36994 crore, from a year ago.
- Indian Railways reported 6% yoy growth in freight at 135.35 million tonnes of freight in September 2026.
- Finance Minister meets Satsuki Katayama, Minister of Finance, Japan, welcomed Japan’s commitment to facilitate JPY10 trillion in private investment into India.
