Indian cos to spend $45-50 bn in capex over 1-2 yrs, RIL to lead
The Free Press Journal|August 21, 2024
Moody's Ratings on Tuesday said rated Indian companies will spend USD 45-50 billion annually over the next 1-2 years towards capex as companies boost capacity, with the country's most valued firm alone Reliance Industries accounting for 30 per cent of the spending.
Indian cos to spend $45-50 bn in capex over 1-2 yrs, RIL to lead
  • Oil & gas sector will account for 30% of spendings

Investments to increase vertical integration and achieve net zero targets will also keep spending high, Moody's Ratings said in a report on corporates in India and Indonesia.

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