Page 25 - Capex

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

Saudi Aramco to cut capex after 2020 profit drops 44.4% over low oil prices

Aramco declared a dividend of $75 billion for 2020 and signalled it was seeing pickup in oil demand

L&T, ABB India: Analysts bet on capex-related plays amid economic revival

"Valuations for consumption stocks now appear stretched while the industrials sector still trades at historical averages," wrote Amish Shah of BofA Securities

Statsguru: From Bihar to West Bengal, a peep into state Budgets

To keep their expenditure at the desired levels at a time of significant revenue losses, all states have expanded their fiscal deficits - similar to what the Centre did last month

Hindalco jumps 4% as firm unveils capital allocation framework

The company expects to generate over $1-1.2 billion cash flow per annum post its normal working capital and maintenance capex

60% of govt 'spending spree' inevitably goes towards committed outlay

With schemes like MGNREGA and cash support via PM-KISAN given priority in allocation from the remainder, govt is forced to dip into capital receipts from disinvestment and borrow from the market

Two-wheeler makers plan to resume capital expenditure plans in FY22

This will come as a boost for the government, seeking private sector capex

Do not foresee material change in Capex profile with 5G: Airtel CEO

Bharti Airtel recently declared that its network is 5G-ready

Adani, GMR among others in fray for redeveloping New Delhi railway station

The station Redevelopment is a flagship project of Rail Land Development Authority, involving $680 million capex