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Capital expenditure across sectors linked to mining and construction equipment is likely to nearly double to Rs 10 lakh crore by 2030, driven by accelerated work on national highways, metro rail, ports, airports and critical mineral extraction, a report said on Tuesday. In 2025, capital expenditure across sectors linked to mining and construction equipment stood at Rs 5.5 lakh crore. India's mining and construction output stands at around USD 430 billion, close to 11 per cent of GDP, and supports the livelihoods of over 70 million people across the value chain, according to a report by the Confederation of Indian Industry (CII) and Boston Consulting Group (BCG), released on Tuesday. The report titled -- Pressing the Throttle: How India's Mining and Construction Industry Can Support Domestic Ambitions and Become a Global Force, noted that the sector must adapt quickly to remain fit for purpose, highlighting three priorities. Moreover, the technology base is shifting rapidly, with ..
Premier Energies is planning to invest around Rs 6,000 crore over the next three years to build ingot and wafer capabilities to become an integrated player in solar manufacturing in India, a senior company official has said. This investment is part of the company's Rs 12,500 crore capex plan, which also includes more than doubling cell and module capacity to 10.6 gigawatt and 11.1 gigawatt and foraying into new areas like inverters, batteries and transformers, Vinay Rustagi, Chief Business Officer (CBO) at Premier Energies, told PTI in an interview. "We are investing to build our capabilities further. Our total investment in the ingot and wafer business will be approximately Rs 6,000 crore over the next three years (by 2028)," he said in reply to a question about whether the company is working on strategies of strong backward integration. He informed that the project has been approved by the Andhra Pradesh government, which has provided 200 acres of land in Naidupeta, around 45 ...
Tata Steel is looking to spend around Rs 20,000 crore as capex in the current financial year and a major share of it will be spent to support the India business, the company's management said. The capex for the ongoing FY27 will be around 38 per cent higher from Rs 14,559 crore that Tata Steel has spent on capital expenditure in the preceding 2025-26 financial year. "In FY26, we spent Rs 14,559 crore on capital expenditure, and we plan to increase this to approximately Rs 20,000 crore in FY 2026-27, with 60 per cent allocated to India," said Tata Steel's CEO & MD T V Narendran, and Koushik Chatterjee, the company's Executive Director & Chief Financial Officer. The management made the statement in reply to a question related to Tata Steel's capex plans and long-term growth strategy. They said the capital allocation strategy for FY27 focuses on a balanced mix of sustenance projects, ongoing investments in value-added downstream and infrastructure projects, new technologies, and .
Megha Engineering & Infrastructures Limited (MEIL) Group will be investing up to Rs 40,000 crore in the next two to three years towards capital expenditure, aiming to achieve a topline of Rs 2 lakh crore in five years, a top executive of the infra major has said. PV Krishna Reddy, Managing Director of MEIL, also said the group is aiming to take some of its subsidiaries to an Initial Public Offering every couple of years, with the first one being Evey Trans Pvt Ltd, followed by the Defence vertical and Gas Distribution and so on. Evey Trans is the only 100 per cent electric bus operator in India. Established in 2018, the company successfully operates e-buses in multiple cities like Mumbai, Pune, Surat, Silvassa, Goa, Hyderabad, Dehradun and Nagpur. "Last year, the entire Group did around Rs 60,000 crore. This year we are expecting Rs 80,000 crore. We aim to achieve Rs 2 lakh crore topline in the next five years, the entire group including new businesses," Krishna Reddy told PTI in .