{"id":153039,"date":"2026-07-15T17:01:27","date_gmt":"2026-07-15T11:31:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=153039"},"modified":"2026-07-15T17:01:28","modified_gmt":"2026-07-15T11:31:28","slug":"psu-stocks-benefit-budget-2026-27-capex-allocation","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/","title":{"rendered":"PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Budget 2026-27 raised capital expenditure by 9% to Rs 12.2 lakh Cr, with infrastructure, transport and energy spending leading the increase.<\/em><\/p>\n<p><a href=\"https:\/\/univest.in\/user\/stocks\/ntpc\/ntpc-ltd-share-price-today\">NTPC<\/a>, <a href=\"https:\/\/univest.in\/user\/stocks\/powergrid\/power-grid-corporation-of-india-ltd-share-price-today\">Power Grid<\/a> and <a href=\"https:\/\/univest.in\/user\/stocks\/rvnl\/rail-vikas-nigam-ltd-share-price-today\">RVNL<\/a> are among the PSU stocks that benefit most from Budget 2026-27 capex allocation, each directly positioned to capture India&#8217;s infrastructure, transport and energy spending increase of 9 percent to Rs 12.2 lakh crore.<\/p>\n<p>Union Budget 2026-27 maintained public capex at 3.1 percent of GDP while raising overall capital expenditure, and PSU stocks that benefit most from Budget 2026-27 capex allocation are typically those with direct exposure to the specific sectors receiving the largest funding increases.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=psu-budget-2026-27-capex-benefit\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>This article examines NTPC, Power Grid and RVNL as PSU stocks that benefit most from Budget 2026-27 capex allocation, covering their specific funding linkages and the risks of policy-dependent investment themes.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#What_Defines_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\" title=\"What Defines PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation\">What Defines PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Why_These_PSU_Stocks_Benefit_Most_From_the_Budget_2026-27_Capex_Push\" title=\"Why These PSU Stocks Benefit Most From the Budget 2026-27 Capex Push\">Why These PSU Stocks Benefit Most From the Budget 2026-27 Capex Push<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#NTPC_Energy_Sector_Capex_Beneficiary\" title=\"NTPC: Energy Sector Capex Beneficiary\">NTPC: Energy Sector Capex Beneficiary<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Power_Grid_Direct_Infrastructure_Capex_Linkage\" title=\"Power Grid: Direct Infrastructure Capex Linkage\">Power Grid: Direct Infrastructure Capex Linkage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#RVNL_Railway_and_Transport_Capex_Execution\" title=\"RVNL: Railway and Transport Capex Execution\">RVNL: Railway and Transport Capex Execution<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Factors_Affecting_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\" title=\"Factors Affecting PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation\">Factors Affecting PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Benefits_of_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\" title=\"Benefits of PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation\">Benefits of PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Risks_of_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\" title=\"Risks of PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation\">Risks of PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#How_to_Evaluate_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\" title=\"How to Evaluate PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation\">How to Evaluate PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#How_to_Invest_in_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\" title=\"How to Invest in PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation\">How to Invest in PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Which_PSU_stocks_benefit_most_from_Budget_2026-27_capex_allocation\" title=\"Which PSU stocks benefit most from Budget 2026-27 capex allocation?\">Which PSU stocks benefit most from Budget 2026-27 capex allocation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#How_much_did_Budget_2026-27_raise_capital_expenditure\" title=\"How much did Budget 2026-27 raise capital expenditure?\">How much did Budget 2026-27 raise capital expenditure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Why_does_NTPC_benefit_from_this_Budget_capex_increase\" title=\"Why does NTPC benefit from this Budget capex increase?\">Why does NTPC benefit from this Budget capex increase?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#What_is_Power_Grids_capex_plan_tied_to_the_Budget\" title=\"What is Power Grid&#8217;s capex plan tied to the Budget?\">What is Power Grid&#8217;s capex plan tied to the Budget?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#Does_Budget_capex_allocation_guarantee_stock_performance\" title=\"Does Budget capex allocation guarantee stock performance?\">Does Budget capex allocation guarantee stock performance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/psu-stocks-benefit-budget-2026-27-capex-allocation\/#What_risks_apply_to_PSU_stocks_benefiting_from_Budget_capex_allocation\" title=\"What risks apply to PSU stocks benefiting from Budget capex allocation?\">What risks apply to PSU stocks benefiting from Budget capex allocation?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Defines_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\"><\/span><strong>What Defines PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>PSU stocks that benefit most from Budget 2026-27 capex allocation are companies with direct exposure to the infrastructure, transport and energy sectors that received the largest funding increases in the Rs 12.2 lakh crore capital expenditure plan.<\/p>\n<p>This benefit can flow through direct budgetary support, extra budgetary resource borrowing, or simply sustained sector-wide demand created by the government&#8217;s continued capex-led growth strategy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_These_PSU_Stocks_Benefit_Most_From_the_Budget_2026-27_Capex_Push\"><\/span><strong>Why These PSU Stocks Benefit Most From the Budget 2026-27 Capex Push<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NTPC&#8217;s power sector capacity expansion, Power Grid&#8217;s transmission capex plan and RVNL&#8217;s railway construction order book together explain why these represent PSU stocks that benefit most from Budget 2026-27 capex allocation across infrastructure, transport and energy.<\/p>\n<ul>\n<li><strong>NTPC&#8217;s power generation capacity expansion:<\/strong> Among PSU stocks that benefit most from Budget 2026-27 capex allocation, NTPC&#8217;s capacity growth toward 100 GW aligns with energy spending priority.<\/li>\n<li><strong>Power Grid&#8217;s transmission capex plan:<\/strong> Power Grid&#8217;s Rs 82,000 crore capex plan for FY27-28 benefits directly from sustained infrastructure capital allocation.<\/li>\n<li><strong>RVNL&#8217;s railway construction order book:<\/strong> RVNL&#8217;s order book near Rs 97,000 crore reflects continued Budget-backed railway modernisation and transport capex.<\/li>\n<li><strong>Overall infrastructure capex increase:<\/strong> Budget 2026-27&#8217;s 9 percent capex increase to Rs 12.2 lakh crore, led by infrastructure, transport and energy spending, provides broad-based support for these PSUs.<\/li>\n<\/ul>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th>Company<\/th>\n<th>Sector<\/th>\n<th>Budget-Linked Driver<\/th>\n<th>Capex Exposure<\/th>\n<\/tr>\n<tr>\n<td>NTPC Ltd<\/td>\n<td>Power generation<\/td>\n<td>Energy sector capex priority<\/td>\n<td>100 GW target by FY32<\/td>\n<\/tr>\n<tr>\n<td>Power Grid Corporation<\/td>\n<td>Power transmission<\/td>\n<td>Infrastructure capex allocation<\/td>\n<td>Rs 82,000 Cr FY27-28 plan<\/td>\n<\/tr>\n<tr>\n<td>RVNL<\/td>\n<td>Railway construction<\/td>\n<td>Transport sector capex priority<\/td>\n<td>Rs 97,000 Cr order book<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"NTPC_Energy_Sector_Capex_Beneficiary\"><\/span><strong>NTPC: Energy Sector Capex Beneficiary<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NTPC is among the PSU stocks that benefit most from Budget 2026-27 capex allocation, given its continued capacity expansion toward 100 GW by FY32 aligning directly with the Budget&#8217;s energy sector spending priority.<\/p>\n<p>The company&#8217;s diversification into renewable and nuclear generation further positions it to capture funding tied to India&#8217;s broader energy transition and infrastructure capex agenda.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Power_Grid_Direct_Infrastructure_Capex_Linkage\"><\/span><strong>Power Grid: Direct Infrastructure Capex Linkage<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Power Grid Corporation is among the PSU stocks that benefit most from Budget 2026-27 capex allocation, with its Rs 82,000 crore capex plan for FY27-28 directly tied to sustained government infrastructure capital allocation.<\/p>\n<p>The company&#8217;s regulated-return transmission business model provides predictable capex execution capacity, benefiting consistently from continued Budget-backed infrastructure spending.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/sebi-registered-investment-advisor-india\"><strong>Get SEBI-Registered Research on Budget Capex Beneficiary PSU Stocks<\/strong><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"RVNL_Railway_and_Transport_Capex_Execution\"><\/span><strong>RVNL: Railway and Transport Capex Execution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>RVNL rounds out the PSU stocks that benefit most from Budget 2026-27 capex allocation, with its order book near Rs 97,000 crore reflecting continued Budget-backed railway modernisation and transport sector capex priority.<\/p>\n<p>The company&#8217;s construction-led revenue model means fresh Budget capex allocation toward railways can translate relatively directly into new order inflow and execution activity.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track NTPC, Power Grid and RVNL live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Factors_Affecting_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\"><\/span><strong>Factors Affecting PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Actual capex disbursement pace:<\/strong> The pace at which allocated Budget capex is truly disbursed and executed affects the realised benefit for these PSUs.<\/li>\n<li><strong>Sector-specific allocation details:<\/strong> Understanding the specific breakdown within the Rs 12.2 lakh crore allocation helps identify which PSUs benefit most directly.<\/li>\n<li><strong>Execution capacity of individual PSUs:<\/strong> Companies need sufficient execution capacity to convert Budget-backed capex allocation into delivered projects and revenue.<\/li>\n<li><strong>Fiscal deficit target discipline:<\/strong> The government&#8217;s 4.3 percent fiscal deficit target for FY27 affects how sustainably capex allocation can continue growing.<\/li>\n<li><strong>Extra budgetary resource borrowing:<\/strong> Some PSU capex is funded through extra budgetary resources rather than direct budgetary allocation, affecting funding certainty.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\"><\/span><strong>Benefits of PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Direct policy tailwind exposure:<\/strong> PSU stocks that benefit most from Budget 2026-27 capex allocation gain from sustained, policy-backed capital expenditure.<\/li>\n<li><strong>Multi-year revenue visibility:<\/strong> Budget capex allocation typically supports multi-year project pipelines, providing forward revenue visibility.<\/li>\n<li><strong>Diversified infrastructure exposure:<\/strong> Power generation, transmission and railway construction together offer diversified exposure to India&#8217;s infrastructure capex theme.<\/li>\n<li><strong>Government backing confidence:<\/strong> PSU status combined with direct Budget linkage provides investor confidence in continued execution support.<\/li>\n<li><strong>Structural growth theme participation:<\/strong> These stocks tie into India&#8217;s sustained multi-year infrastructure-led growth strategy.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Risks_of_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\"><\/span><strong>Risks of PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Fiscal consolidation risk:<\/strong> Future fiscal deficit reduction targets could constrain capex allocation growth in subsequent budgets.<\/li>\n<li><strong>Execution delays:<\/strong> Budget-allocated capex does not guarantee timely execution, given historical infrastructure project delays.<\/li>\n<li><strong>Policy continuity dependence:<\/strong> Continued capex-led growth strategy depends on sustained government policy priority across election cycles.<\/li>\n<li><strong>Valuation considerations:<\/strong> Strong recent PSU sector performance means current valuations may already reflect substantial Budget-linked growth expectations.<\/li>\n<li><strong>Sector-specific execution risk:<\/strong> Each PSU still carries its own execution risk regardless of favourable Budget-level capex allocation.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\"><\/span><strong>How to Evaluate PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Verify actual capex disbursement progress rather than relying solely on headline Budget allocation figures.<\/li>\n<li>Assess individual PSU execution track record on previously allocated capex programmes.<\/li>\n<li>Consider diversifying across power, transmission and railway names for broader infrastructure capex exposure.<\/li>\n<li>Track fiscal deficit trends for insight into the sustainability of continued capex allocation growth.<\/li>\n<li>Combine Budget-linked analysis with standard fundamental research for complete investment decisions.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_PSU_Stocks_That_Benefit_Most_From_Budget_2026-27_Capex_Allocation\"><\/span><strong>How to Invest in PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Use the Univest platform to track Budget capex allocation and quarterly results for these PSU stocks.<\/li>\n<li>Open a demat and trading account with Univest for zero-brokerage execution.<\/li>\n<li>Track quarterly results for NTPC, Power Grid and RVNL through the Univest app.<\/li>\n<li>Consult a SEBI-registered advisor before allocating capital based on Budget allocation alone.<\/li>\n<li>Review positions periodically as capex disbursement and execution progress continue to evolve.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NTPC, Power Grid and RVNL remain the clearest PSU stocks that benefit most from Budget 2026-27 capex allocation, each directly positioned within the infrastructure, transport and energy sectors receiving the largest funding increases in the Rs 12.2 lakh crore capital expenditure plan. Historically, sustained Budget capex allocation has provided multi-year revenue visibility for these PSUs, though execution risk and fiscal sustainability remain important ongoing considerations. Consult a SEBI-registered advisor before making investment decisions.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_PSU_stocks_benefit_most_from_Budget_2026-27_capex_allocation\"><\/span><strong>Which PSU stocks benefit most from Budget 2026-27 capex allocation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NTPC, Power Grid and RVNL are among the PSU stocks that benefit most from Budget 2026-27 capex allocation across power and railway sectors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_did_Budget_2026-27_raise_capital_expenditure\"><\/span><strong>How much did Budget 2026-27 raise capital expenditure?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Budget 2026-27, central to PSU stocks that benefit most from Budget 2026-27 capex allocation, raised capital expenditure by 9 percent to Rs 12.2 lakh crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_does_NTPC_benefit_from_this_Budget_capex_increase\"><\/span><strong>Why does NTPC benefit from this Budget capex increase?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NTPC, among PSU stocks that benefit most from Budget 2026-27 capex allocation, benefits from its continued capacity expansion aligning with energy sector spending priority.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Power_Grids_capex_plan_tied_to_the_Budget\"><\/span><strong>What is Power Grid&#8217;s capex plan tied to the Budget?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Power Grid, one of the PSU stocks that benefit most from Budget 2026-27 capex allocation, has a Rs 82,000 crore capex plan for FY27-28.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_Budget_capex_allocation_guarantee_stock_performance\"><\/span><strong>Does Budget capex allocation guarantee stock performance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No, PSU stocks that benefit most from Budget 2026-27 capex allocation still face execution risk and require standard fundamental analysis.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_apply_to_PSU_stocks_benefiting_from_Budget_capex_allocation\"><\/span><strong>What risks apply to PSU stocks benefiting from Budget capex allocation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Key risks include fiscal consolidation risk, execution delays, and policy continuity dependence across future budget cycles.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which PSU stocks benefit most from Budget 2026-27 capex allocation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"NTPC, Power Grid and RVNL are among the PSU stocks that benefit most from Budget 2026-27 capex allocation across power and railway sectors.\"}},{\"@type\":\"Question\",\"name\":\"How much did Budget 2026-27 raise capital expenditure?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Budget 2026-27, central to PSU stocks that benefit most from Budget 2026-27 capex allocation, raised capital expenditure by 9 percent to Rs 12.2 lakh crore.\"}},{\"@type\":\"Question\",\"name\":\"Why does NTPC benefit from this Budget capex increase?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"NTPC, among PSU stocks that benefit most from Budget 2026-27 capex allocation, benefits from its continued capacity expansion aligning with energy sector spending priority.\"}},{\"@type\":\"Question\",\"name\":\"What is Power Grid's capex plan tied to the Budget?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Power Grid, one of the PSU stocks that benefit most from Budget 2026-27 capex allocation, has a Rs 82,000 crore capex plan for FY27-28.\"}},{\"@type\":\"Question\",\"name\":\"Does Budget capex allocation guarantee stock performance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No, PSU stocks that benefit most from Budget 2026-27 capex allocation still face execution risk and require standard fundamental analysis.\"}},{\"@type\":\"Question\",\"name\":\"What risks apply to PSU stocks benefiting from Budget capex allocation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Key risks include fiscal consolidation risk, execution delays, and policy continuity dependence across future budget cycles.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PSU stocks that benefit most from Budget 2026-27 capex allocation, NTPC, Power Grid and RVNL, gain from the Rs 12.2 lakh crore infrastructure push.<\/p>\n","protected":false},"author":26,"featured_media":153512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-153039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1784115092:26"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["75"],"rank_math_focus_keyword":["PSU Stocks That Benefit Most From Budget 2026-27"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_title":["PSU Stocks That Benefit Most From Budget 2026-27 Capex Allocation"],"rank_math_description":["PSU stocks that benefit most from Budget 2026-27 capex allocation, NTPC, Power Grid and RVNL, gain from the Rs 12.2 lakh crore infrastructure push."],"_thumbnail_id":["153512"],"_edit_last":["26"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["26761"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/07\/PSU-Stocks-That-Benefit-Most-From-Budget.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/153039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=153039"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/153039\/revisions"}],"predecessor-version":[{"id":153513,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/153039\/revisions\/153513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/153512"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=153039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=153039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=153039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}