By Anjali Sharma
WASHINGTON –The S&P Global Ratings on Tuesday reported that corporate India is set to double the capital expenditure to $850 billion over the next five years,.
The report said the Indian power, electricity transmission lines, airlines, and green hydrogen sectors will spearhead the spending spree.
It highlighted the top 100 listed companies, with combined revenue of $1 trillion and $150 billion in EBITDA in fiscal.
It said that driven by strong balance sheets, robust operating cash flows, and favorable government policy, Indian companies are aiming to scale up operations in what could be a defining expansion phase.
The report noted barring execution mistakes or negative macro changes, these investments should boost business scale without driving up leverage.
According to the credit rating agency “Corporate India is chasing growth opportunities. In our view, Indian companies are well positioned for a growth run. Balance sheets are the leanest they’ve been in years. Companies are investing to meet demand underpinned by favorable government policies and a positive economic outlook.”
