MD Neeraj Akhoury announced that the company is going for a 600 crore capex plan for the 2017. He went on to say that the outlay will be used for various projects without divulging the details.
” The Union Budget for the year 2017-2018 had a welcome thrust on the rural sector, infrastructure development, housing and a boost to the overall investment climate. If 2017 also experiences a normal monsoon , GDP growth is likely to rebound in the second half of the year. Better liquidity and improved tax collections will enhance Government’s ability to spend on infrastructure and other development projects leading to faster growth” , Akhoury said.
News source : economic times
Image source : littlepublishing.com