Corporate India to double capex to nearly $850 billion over next five years: Report
Corporate India is set to double the capital expenditure to as much as $850 billion over the next five years, according to a report by S&P Global Ratings.
Corporate India is set to double the capital expenditure to as much as $850 billion over the next five years, according to a report by S&P Global Ratings.
This significant jump in capex came after the miner carried out a comprehensive review of its decision-making process and brought about key changes to make the organisation more agile and decentralised.
A decade after steadily decline in investment to GDP, capex has emerged as a key growth driver in India, global brokerage, Morgan Stanley said.
Till November last year Power Sector companies had incurred a capex of Rs. 22,127 crore—which was 49.3 % of the total expenditure of the last fiscal year, the Ministry said.
PCBL now produces around 6,00,000 tonnes of carbon black annually from four strategically located state-of-the-art plants at Durgapur (West Bengal).
Sitharaman also said that broad gauge route electrification is expected to reach 46,000 kms that is 72 per cent by the end of 2021 from 41,548 km from October 1, 2020.
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