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News UltraTech Cement and Adani Green Energy among largest planned capital expenditure investors in 2024 financial year

UltraTech Cement and Adani Green Energy among largest planned capital expenditure investors in 2024 financial year

Written by Global Cement staff 22 May 2023
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India: Indian industrial companies plan to increase their capital expenditure (CAPEX) investments by 14% year-on-year in the current, 2024, financial year, the Financial Express newspaper has reported. UltraTech Cement says that it will more than double its CAPEX investments to US$1.55bn during the year (1 April 2023 - 31 March 2024). Adani Green Energy, the renewable electricity subsidiary of Ambuja Cements' parent company Adani Group, has the highest planned investments of any Indian industrial company. It also plans to more than double its CAPEX spending, to US$1.69bn in the 2024 financial year.

Last modified on 24 May 2023
Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Adani Green Energy
  • Investment
  • capital expenditure
  • growth
  • Strategy
  • Adani Group
  • GCW609
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