Corporate India eyes $850 billion capex boom over next five years: S&P
New Delhi: Corporate India is gearing up for a massive investment cycle, with capital expenditure expected to double to as much as $850 billion over the next five years, according to a new report by S&P Global Ratings.
The credit rating agency said that key sectors—including power, electricity transmission, airlines, and green hydrogen—will be at the forefront of this capex surge.
The report analysed the top 100 listed Indian companies, which collectively generate $1 trillion in revenue and $150 billion in EBITDA annually.
Buoyed by solid balance sheets, strong cash flows, and government support, these firms are entering a significant expansion phase.
S&P noted that unless marred by execution lapses or adverse macroeconomic shifts, the upcoming investments are likely to scale up operations without materially increasing leverage.
“Corporate India is chasing growth opportunities. In our view, Indian companies are well positioned for a growth run. Balance sheets are the leanest they’ve been in years. Companies are investing to meet demand underpinned by favourable government policies and a positive economic outlook,” the report stated.
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