Top 100 firms’ FY22 capex spends rise to ₹4.65 lakh crore: Report
Updated: 21 Jun 2022, 11:06 AM IST
TL;DR.The capex of Grasim Industries, Tata Power, and UltraTech Cement has more than doubled in FY22. While Vedanta spent ₹10,630 crore in FY22, its highest spent in the last seven years, Tata Steel spent 51% higher than its last year’s outlay.
The rise in Capex in the listed space was driven by the capital-intensive sectors of energy, utilities, consumer discretionary, telecom, and industrials.