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India Inc capital expenditure story gets cement to semiconductor push

Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated.

This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure.

Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week. ....

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ArcelorMittal to buy Siemens Gamesas's wind turbines for its Andhra project

Chennai, April 12 (IANS) Global steel major ArcelorMittal's Indian subsidiary had inked an agreement with wind turbine major Siemens Gamesa to source wind turbines for its 166 MW project in Andhra Pradesh. ....

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Siemens Gamesa Renewable Energy S A : and ArcelorMittal subsidiary in India strike major wind power deal on efforts to further decarbonize the Indian steel industry

HomeNewsroomSiemens Gamesa and ArcelorMittal subsidiary in India strike major wind power deal on efforts to further decarbonize the Indian steel industry

Siemens Gamesa. | April 12, 2023 ....

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ArcelorMittal to buy Siemens Gamesas's wind turbines for its Andhra project

Global steel major ArcelorMittal's Indian subsidiary had inked an agreement with wind turbine major Siemens Gamesa to source wind turbines for its 166 MW project in Andhra Pradesh.The clean electricity produced will be used by one of . ....

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Siemens Gamesa secures 166 MW wind project from ArcelorMittal

The clean electricity produced will be used by one of its steel plants, providing a much-needed boost to the industry’s decarbonization efforts in the country,” the company said ....

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