Centre Spending Boosts Infra Companies
Heavy capital expenditure to boost economy helps construction firms improve order book and profit margins.
Heavy capital expenditure to boost economy helps construction firms improve order book and profit margins.
Capital expenditure at ₹2,29,351 crore during April-September against annual target of ₹5.54 lakh crore; commerce, mines and steel lead infra push.
Building India was a major theme in the Budget this year, and here is how it impacts corporate India.
The sector is a value creator and employment generator, and would be one of the focus areas of the government.
Lucknow Municipal Corporation’s ₹200 crore bond, listed on BSE, has seen an oversubscription of 4.5 times and joins 8 Indian cities, together raising an aggregate of ₹3,690 crore.
Overall sales of the auto industry, which has been facing headwinds for more than a year, fell 12.34% to 1,997,952 units in June from 2,279,186 units a year ago.