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ICICI Securities Report
FY20 capex by India Inc at Rs 5.4 trillion indicates growth of 9% over FY19 gross fixed asset base of Rs 60 trillion based on a universe of 1,703 stocks.
The capex amount (includes investment in property, plant, and equipment (PPE), acquisition and subsidiaries) is above the five-year median level of Rs 5.1 trillion.
However, the capex spend is lower than FY19 level of Rs 6.7 trillion, which was mainly driven by acquisitions/ investments in subsidiaries of Rs 855 billion.
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