India s corporate capex spending is rising due to rising cash flows and improving balance sheets, with three out of four companies from a sample of 373 of the S&P BSE 500 index reporting year-on-year improvement in gross fixed assets for FY23. Mainly oil and gas, metals and power firms form a major part of incremental GFA.
On consolidated basis, company posted PAT of ₹ 15,417 crore and total income of ₹ 46,606 crore for FY23 registering a YoY growth of 11% and 9% respectively.
Get latest articles and stories on Latest News at LatestLY. State-run Power Grid Corporation on Tuesday posted a nearly 11 per cent rise in its consolidated net profit to Rs 3,645.34 crore in the December quarter compared to a year ago mainly on the back of higher revenues. Latest News | Power Grid Corporation Net Rises Nearly 11 Pc to Rs 3645 Cr in Q3.
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