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Conglomerates and their capex push: How much firms added since pandemic

Business Standard analyses what large business houses have added as net fixed assets since the pandemic

Budget 2023-24: Govt may go easy on capital expenditure growth in FY24
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Sachin P MampattaSameer Mulgaonkar Mumbai
Finance minister Nirmala Sitharaman told the Parliament in December that companies are increasing investments for more new and other assets, helped by government incentives.
 
Business Standard analysed what large business houses have added as net fixed assets since the pandemic.
 
The analysis looked at the Adani, Mukesh Ambani, Tata, Aditya Birla, Mahi­n­dra, Godrej, Bajaj and the JSW groups. It considered the change in net fixed assets of these business groups. The analysis is an indicative rather than an exact proxy for investments, but provides a broad sense of the direction private capital expenditure (capex) is moving.
 
The Adani Group led