RIL to lead lift in capex spend to $45-50 billion over 1-2 years: Moody’s
Moody’s Ratings on Tuesday (August 20, 2024) said rated Indian companies will spend $45-50 billion annually over the next 1-2 years towards capex as companies boost capacity, with the country’s most valued firm Reliance Industries alone accounting for 30% of the spendings. Investments to increase vertical integration and achieve net zero targets will also keep…
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