Browsing Tag
capex
ONGC plans capex of ₹30,125 crore in FY24
Mumbai, May 29 (ANI): Arun Kumar Singh, Chairman & CEO of Oil and Natural Gas Corporation Limited (ONGC) addresses a media interaction on ONGC's Q4FY23 results, at Andheri in Mumbai on Monday. (ANI Photo)
| Photo Credit: ANI
Oil &…
Wheels India plans a capex of ₹200 cr for capacity ramp up
Wheels India Ltd. Managing Director Srivats Ram
Wheels India Ltd. (WIL) has planned capital expenditure of ₹200 crore for FY24 for a gradual ramp up of production, said the company’s MD Srivats Ram.Last year, capex was trimmed to ₹143…
GAIL to borrow up to ₹7,000 cr. domestically to fund ₹10,000 cr. capex plan in FY24
Gail India plans to borrow up to ₹7,000 crore in FY24 to fund the ₹10,000 crore capital expenditure plan for this fiscal, a top company official said on Friday. The state-owned company’s chairman and managing director S.K. Gupta said, “For…
India Inc’s capex wheel likely to turn soon
India Inc could be embarking upon a new phase of capital expenditure (capex) cycle, observed analysts, and suggest its revival would lead to a rerating of industrial stocks.
Assisted by a property upcycle, analysts at Jefferies said…
BPCL announces ₹49,000 crore capex for Bina Refinery
Bharat Petroleum Corporation Ltd. (BPCL) has announced an expansion plan worth ₹49,000 crore at Bina Refinery to further increase its presence in the petrochemical segment, renewable energy, and augment marketing infrastructure.The project…
CAG Murmu flags need for transparent accounting by States
GC Murmu, Comptroller and Auditor General (CAG)
| Photo Credit: KAMAL NARANG
The Comptroller & Auditor General (CAG) of India, Girish Chandra Murmu, on Monday said the States must take measures to maintain proper accounting of…
Indian Corporates Likely To See 10%-12% Capex Growth In FY24: Fitch
Last Updated: March 28, 2023, 16:19 ISTThe ratings agency said government reforms such as the goods and services (GST) tax act, bankruptcy code and more recent measures such as a lower corporate tax rate, the PLI (production linked…
Moody’s ups India’s growth projection for 2023 to 5.5% on higher capex
Moody's Investors Service on Wednesday raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget and a resilient economic…
EID Parry to incur capex of ₹268cr for expansion in FY24
EID Parry’s Haliyal unit would be expanded to 120 KLPD at a cost of ₹181 crore by Q4 of FY24.
Murugappa group firm EID Parry (India) Ltd. will incur capital expenditure of ₹268 crore for FY24 towards expansion of its distilleries at…