[ad_1] In the current times of weak demand, low price power, high fuel cost and uncertainty related to entry of a new aggressive player (Adani Group), any significant capacity announcement is likely to further hurt the sentiments of the sector. Looking at the background, UltraTech CementThe F25E’s plan to add 22.6mpta (~17% of its capacity) by the F25E may raise concerns over the outlook for the sector. While a lower capital expenditure cost of ~$74/t (versus an estimated replacement cost of >$100-120/t with recent inflation) is positive for UTCL, in…
Tag: capex
Banks see a boom in capex loans
[ad_1] With the demand for project finance picking up since late last year, bankers believe that the long-term fund requirement should rise anywhere between 12-15% this year. Bank credit deployed in the infrastructure segment grew 10.2% year-on-year in April 2022, with roads, telecom and electricity leading the pack. According to the Reserve Bank of India, the outstanding credit to the sector stood at Rs 12 trillion by the end of March.reserve Bank of India, As a result, banks are now gearing up to meet the demand for infrastructure projects in…