Adani Enterprises retains Rs 10,000 cr-capex plan for FY21 despite weak Q1FY21
The flagship company of the Adani group aims to scale up its mining and airport businesses.
Finance Minister Nirmala Sitharaman asks heads of 23 CPSEs to boost capex plans
During a meeting, which included the ministries of petroleum ...
FM pushes CPSEs to achieve capex targets
The minister asked the secretaries and the CRB to closely monitor the CPSEs’ performance and to chal...
CIL lines up Rs 10,000 crore capex for 2020-21
CIL spent Rs 810 crore on its capital expenses in the April-June period
Biocon lines up $200 million capex for current fiscal
The company's capital expenditure during 2019-20 stood at Rs 974.2 crore, Mittal said.
JSW Steel cuts capex plans by 45% to Rs 9,000 crore for FY21
At 9,000 crore, the capex target is about 12 per cent lower compared to the company's Rs 10,200-crore spend during 2019-20.
Coal India surpasses capex target
Its investment was 4.2% more than in the same quarter last year, despite the lockdown. Subsidiaries South Eastern Coalfields, Northern Coalfields and Central Coalfields accounted for 81% of the capital expenditure for the quarter.
Maruti Suzuki reduces capex by 16% for FY21 to Rs 2,700 crore
Maruti Suzuki registered a steep decline of 18% in domestic sales in FY20 to 1.41 million units.
Alembic Pharma expects domestic biz to grow in double digits in the current fiscal
"We completed this transition in 2019-20 and started witnessing an uptick in performance in the last quarter of the fiscal," Alembic Pharmaceuticals Managing Directors Pranav Amin and Shaunak Amin said in a joint communication.
HPCL keeps Rs 12,000 crore capex plan despite slide in profit
Chairman added a word of caution that plans for new projects may be revisited.
Adani Group to stay with capex plan, says CFO
On the liquidity front, the group is comfortably placed for payments for at least a year.
Britannia delays capex plans to grow capacity
The company has reduced the distance its biscuits travel between the factory and consumer from 630km to 350km. The company says every 10km reduction results in Rs 5-crore saving annually. The maker of Marie and Good Day biscuits reported 24% growth in Q3 profit to Rs 373 crore on a revenue of Rs 2,936 crore.
Companies see cash as king, cut capex plans
‘Cash is king’ is the new mantra corporates are strictly abiding by.
UltraTech Cement restricts FY21 capex to Rs 1,000 crore amid Covid-19 disruptions
It is continuously monitoring any material changes in future economic conditions.
‘India Inc’s H1 capex resilient despite macro uncertainties’
This amount is a 5.5 per cent increase over FY19 net fixed assets (NFA).