Capex plans alive even during Covid-19; BSE100 firms add Rs 55K-cr assets

BSE100 firms add Rs 55K-cr assets amid pandemic, per Deloitte-Business Standard analysis

Not all companies put capital expenditure (capex) on hold as the pandemic spread.

The S&P BSE 100 companies added assets of a net Rs 55,890 crore in six months after March, shows an analysis of disclosures Deloitte Touche Tohmatsu India carried out in association with Business Standard.

The addition in assets is after accounting for depreciation during the period, which would point to an even larger figure on a gross basis.

Accounting adjustment because of acquisitions may have played a role in much of the increase. A look at the numbers suggests at least half may come from this route. But there are