Capex by Nifty50 companies declines 20.7% to Rs 5.89 trillion in FY24

Quick Summary:

Gross block formation by Reliance down by Rs 1.

The Adani Group has unveiled a $100 billion (Rs 8.39 trillion) investment plan over the next decade, primarily targeting new airports, ports, and green energy projects.

The healthy balance sheets of banks and corporates, the government’s thrust on capex, and visible signs of a pickup in private investment are expected to drive fixed investment activity in the future, as per the RBI’s monetary policy statement of August 8.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: India Inc Nifty50 Reliance Industries Capex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 17:36:38 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 711 words

Reading Time: 4 minutes read

Sentences: 28 lines

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Copyright Owner: © Business Standard

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