Chemical companies take the lead in private sector capex
- Rising capex bodes well for the sector’s long-term revenue visibility. However, there are some risks.
Private sector capital expenditure, or capex, announcements so far in FY23 are being led by the chemicals sector. In the April-November period, this sector accounted for around 45% of the total capex worth ₹8.5 trillion, showed an analysis by Nirmal Bang Institutional Equities.
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