The largest share of spending has gone towards safety works, including investments in the automatic train protection system KAVACH, alongside track renewals, bridges, level crossings and road overbridges.
Indian Railways has achieved its highest-ever capital expenditure utilisation, deploying ₹1.42 trillion by the end of September 2025 in FY2025-26. This represents 56.5 per cent of its annual budgetary allocation of ₹2.52 trillion, marking a significant acceleration in infrastructure execution across key segments, reveals data from the world’s fourth-largest rail transporter.
The largest share of spending has gone towards safety works, with ₹222.86 billion utilised from a ₹394.56 billion allocation. This includes investments in the automatic train protection system KAVACH deployment, track renewals, bridges, level crossings and road overbridges. Capacity augmentation has also gained momentum, with ₹490.01 billion spent from a ₹1.09 trillion allocation. These works span new lines, doubling, gauge conversion, electrification and metropolitan transport upgrades.
Rolling stock modernisation accounted for ₹259.48 billion of the ₹566.93 billion allocated, while ₹58.63 billion was spent on customer amenities from a ₹120.04 billion budget. These figures reflect Indian Railways’ focused push to modernise assets, improve operational efficiency and enhance passenger experience under its ambitious Capex programme.
This pace of utilisation signals a decisive shift in project delivery, with safety and network expansion emerging as top priorities in the current fiscal cycle.