Page 22 - Capex

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

Building blocks in place for L&T stock to outperform

Improving balance sheet, likely rise in order flows and attractive valuations are among key positives

Cloud over capex plans: Capacity utilisation of India Inc hits new low

Adani Group is also planning to invest in new ports, airports, and logistics capacities by participating in the government's divestment programmes

Coal India's capex growth zooms twofold to Rs 1,840 crore in Q1

State-owned CIL on Friday said its capital expenditure jumped more than twofold to Rs 1,840 crore in the first quarter of 2021-22 compared to Rs 844 crore in the year-ago quarter.

JSW Infra plans Rs 10k-cr capex by 2025, including investment in logistics

Capex will also include investment in logistics to better hinterland connectivity

Broad-based private sector capex may take time till Q4 to revive: Experts

This is despite the announcement of expansion plans of some large companies, and is the outcome of the second wave

Amara Raja Batteries plans $1 billion capex in the next 5-7 years

Amara Raja Batteries plans to invest about $ 1 bn in the next five to seven years towards capex to be spent for both organic and inorganic growth, a senior official of the company said on Monday

Govt spending to push private capex higher after multi-year deleveraging

Orders, mostly from the govt, worth $356 bn expected in the next two years

Large govt capex a possible saving grace for economy in FY22: Sunil Mehta

A large capex by the government can be a saving grace for the economy, Yes Bank Chairman Sunil Mehta said

Tata Steel outlines Rs 10,000-12,000 cr annual India capex over next 5 yrs

As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22

ONGC charts Rs 30,000 cr capex for FY22 with 50% in turnkey projects

It is aiming at 22.56 million tonnes of crude oil and 24.89 billion cubic metres of gas production during the year

Anil Agarwal-led Vedanta Limited plans $5-billion capex for 3 years

A major chunk of this capex would go into oil and gas business

Greaves Cotton to spend Rs 110 cr on capex; mostly on electric two wheelers

Diversified engineering company Greaves Cotton Ltd plans a capital expenditure of about Rs 110 crore this year of which majority will be on its electric two wheeler plant at Ranipet in Tamil Nadu

Lack of near-term triggers to cap upsides in Aurobindo Pharma

Upsides from capex and investments across segments are at least three years away

Spanish sanitaryware firm Roca plans Rs 50-cr capital expenditure in India

The company will invest about Rs 50 crore in expansion while planning a greenfield project in 2024-25 in India

Dr Reddy's lines up Rs 1,000 cr capex for current fiscal on growth outlook

Dr Reddy's Laboratories has earmarked a Capex of around Rs 1,000 crore for the current fiscal as it remains positive about sustaining its growth trends in the current fiscal, top company official said

Jindal Steel opens capex window amid continued deleveraging plans

To double capacity via internal accruals with eye on debt/EBITDA ratio

Covid shaves off a 5th of ONGC capex in FY21; downstream firms exceed target

Coronavirus-related restrictions delayed ONGC projects but fuel marketers like IOC exceeded targeted capital spending, a government report showed

New capex to drive Prestige Estates' rental portfolio scale up

The company is expected to be debt free by the end of June quarter