These 5 Companies' Capital Expenditure Plans Are Nearing Completion

Tracking a company's capex plans provides information about its growth prospects and indicates the managements outlook.

In the Budget 2022 speech, Finance Minister Nirmala Sitharaman announced a sharp jump of 35.4% in capital expenditure to fund various infrastructure projects in fiscal 2023. 

The capital expenditure target for fiscal 2023 now stands at Rs 7.5 lakh crore.

Sitharaman said capital investment holds the key to India's revival and public spending is required to take the lead.

Capital expenditure (capex) is nothing but funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment.