Overview

• Indian Railways deployed Rs 1.42 lakh crore in April–September, using 56.5% of its FY26 allocation, according to ministry data.
• CPSE and central-agency capex reached Rs 3.85 lakh crore in H1, up 14% year on year, with September alone at Rs 1.13 lakh crore, a 60% jump.
• Within Railways capex, Rs 49,001 crore went to capacity works and Rs 22,286 crore to safety, including KAVACH, track renewals, ROBs and bridges.
• Railways invested Rs 25,948 crore in rolling stock and Rs 5,863 crore in customer amenities and station upgrades during H1.
• Railways and NHAI capex is estimated at about Rs 4.4 lakh crore for FY26, or 56% of state-run agency targets and roughly 40% of the Centre’s capex estimate.