Budget 2023-24: India Inc to gain from Rs 10-trillion infra push

CEOs expect big orders from govt as private capex picks up in tandem

With the Indian government increasing its infrastructure budget to Rs 10 trillion, apart from making additional expenditure on green transition, top Indian companies led by Larsen & Toubro, Siemens, Thermax, HCC, and the Tatas can expect a surge in their order book. Government-led capex in infrastructure will lead to private sector companies increasing capacity to meet demand, CEOs said.

CEOs said as their capacity utilisation was slowly inching up above the 75 per cent level, they will have to increase their capacity to meet the growing demand from the railways, roads, and infrastructure sectors.

“We expect demand to pick up