Page 3 - Capex

Fitch lowers outlook on ReNew Power rating to Stable on slower deleveraging

The firm's capex was expected to be below company's estimates given the continuing Covid-related challenges, including delays in signing new PPAs, the rating agency said

Kumar Mangalam Birla predicts 'Decade of Capex Mahotsav' for India

Hails a few unicorns in start-up space but says he see 'bubbles in some places'; rues loss of Hindustan Zinc

2021 is a watershed year for India, says Kumar Mangalam Birla

The coming decade will witness a 'capex' boom by the private sector, Birla said

Capex plans an early sign of capital goods sector's return to normality

The strong stock price momentum is now backed by improving fundamentals

India needs to double capex in medium term to fund infra: DEA Secy

India needs to double the capital expenditure in the medium term from about 5-6% of the GDP currently to fund infrastructure, DEA Secretary Ajay Seth said

Uttar Pradesh's capex grew 563% in H1; 30% fall for Andhra Pradesh

For instance, while Odisha saw its capex grow by just 12.58 per cent year-on-year, Uttar Pradesh witnessed a 563 per cent rise

Hindalco Industries cuts FY22 capex to Rs 2,400 cr on Covid-19 impact

Company sees strong demand from packaging, industrial, transportation sectors

Sundram Fasteners Q2 net up 20%; firm plans EV foray in domestic market

Better profit number comes despite 54% spike in input costs; firm draws up Rs 250 cr capex plan for current financial year

FM Sitharaman urges power, coal ministries to fast-track capex plan

The meeting was attended by the secretaries of economic affairs, power, coal and atomic energy, apart from other senior officials

FM asks civil aviation ministry, DoT to expedite capital expenditure

Finance Minister Nirmala Sitharaman on Monday reviewed the progress of capital expenditure by the civil aviation ministry and the telecom department and asked them to expedite projects

Adani Group commits 70% capex until 2030 to energy transition

Adani is incubating the first Indian data center company that will power all its data centers by renewable power by 2030.

States must step up capex, says RBI governor Shaktikanta Das

Quality spending can have multiplier effect, says Das

Capex plans snap growth trend in Q2, new projects down 59%: CMIE data

Investments are down over June 2021, as well as over September last year

NMDC eyes 47 million tonne iron ore production in FY22

NMDC Ltd is aiming to achieve 47 million tonnes of iron ore production during the current financial year and plans to spend Rs 3,720 crore on capital expenditure

Strong valuations, sector package to sustain rally in Indus Towers

Stake sale by telcos, higher ESG ranking, capex rollout other triggers

Capex growth by states to be slower than target for FY22: CRISIL

CRISIL expected an 11-13 per cent rise in capex by these states in line with the previous financial year

Adani Green raises $750 million from Green Bonds, coupon set at 4.375%

Funds will be utilised towards equity funding of the capex for underlying renewable projects under construction by AGEL

Economy to see robust growth on back of structural reforms, capex push: CEA

GDP data re-affirms govt's prediction of an imminent V-shaped recovery, says K V Subramanian

Phillips Carbon Black lines up Rs 1,300-1,400 crore capex by FY23

RP-Sanjiv Goenka Group firm Phillips Carbon Black Ltd (PCBL) to pump about Rs 1,300-1,400 crore over the next two years on capacity expansion, a top company official said. The expansion lined up is one Rs 800 crore greenfield plant near Chennai and brownfield expansion in Mundra for specialty carbon that would entail an investment of Rs 300-350 crore. The carbon major will pump Rs 100 crore in research and development facilities in Belgium and India, he said. "Keeping the group's vision under Sanjiv Goenka to become a top global carbon black player, the company is ramping up capacity and total investment in two years will work to be around Rs 1,400 crore and of which about Rs 1,200 crore will be directed at greenfield plant in Tamil Nadu and brownfield expansion in specialty carbon at Mundra. Rest of the amount will be infused for R&D and maintenance capex of existing plants," PCBL managing director Kaushik Roy told PTI when asked if Covid impacted expansion. PCBL now produces ...

Tata Steel to invest Rs 8K cr in capex on India ops in FY22: CEO Narendran

Domestic steel giant Tata Steel will invest Rs 8,000 crore in capital expenditure on its India operations during the current financial year, the company's CEO and Managing Director T V Narendran said