BUSINESS
Citing examples, Moody's Ratings said ONGC and Indian Oil will spend $6 billion and $4 billion respectively over the next two years on reserve building, and distribution activities i.e. supply chain integration and energy transition.
Moody's Ratings, a credit rating agency, revealed several important and impactful things on Tuesday. It said that Indian companies will invest 45 to 50 billion dollars annually in capital expenditure in the next one to two years to increase capacity. India's most valuable company, Reliance Industries, led by Mukesh Ambani, will reportedly have a 30 percent share in this expenditure. Moody's has released a report on companies operating in India and Indonesia. It said that investments will be made to increase production chain integration and achieve the target of net zero carbon emissions.
According to the report, "In the next one to two years, the annual capital expenditure of rated Indian companies will be around $45 to $50 billion (Rs 3 to 4 lakh crore). Reliance Industries alone will have a 30 percent share in this. The company has earmarked about $15 billion (over Rs 1.2 lakh crore) for investment in various businesses."
According to the report, the oil-gas sector and Reliance Industries together will account for more than 60 percent of the total expenditure of Indian companies in a year or two.
Moody's report said that the seven rated oil and gas companies in India will account for about 30 percent of the total investment. These companies will spend about $15 billion annually to expand existing capacity and invest in the green energy sector to reduce carbon emissions.
Citing examples, Moody's Ratings said ONGC and Indian Oil will spend $6 billion and $4 billion respectively over the next two years on reserve building, and distribution activities i.e. supply chain integration and energy transition.
Moody's said that the debt quality for Indian and Indonesian companies will remain good. India and Indonesia are the two largest emerging economies in Asia, excluding China. Among the emerging economies, both the G-20 countries have the highest number of rated companies and the amount of rated debt.
Moody's said that India's GDP growth rate is expected to be more than six percent in the next two years. Domestic demand will play an important role in accelerating India's economic growth.
Moody's Ratings expects the earnings of rated Indian companies to grow by five percent in the next one to two years. Companies will benefit from broad growth in various sectors including metals, mining and steel, telecom, and automobile companies.
IND vs AUS: When will Rohit Sharma join India squad? Check latest update
Mukesh Ambani's Reliance Jio loses nearly 80 lakh subscribers in just 30 days, BSNL adds...
IND vs AUS, 1st Test Dream11 prediction: Fantasy cricket tips for India vs Australia match
This country has most expensive passport in world, not US, UK, UAE, it costs Rs...
Amid rising air pollution, Delhi-NCR's crematorium records cleanest air; check AQI here
Revolutionising Medical Imaging: Venudhar Rao Hajari’s impact on healthcare technology
Abhishek Gupta and Onevision Media: Scaling brands on social media
Video shows Korean girl eating jalebi for first time, her reaction to Indian sweet goes viral
Cristiano Ronaldo confirms THIS YouTube star as his next guest, says, 'Will break Internet'
Delhi Assembly Elections: AAP releases first list of 11 candidates for 2025 polls
Adani Group's FIRST REACTION after US indicts Gautam Adani in alleged bribery case
Instagram introduces new feature, know how to reset app's algorithm, change your feed
Oppo Find X8 and X8 Pro launched in India, check specifications, price, other details
Charges against Gautam Adani: BJP's scathing attack on Congress, questions timing of development
Jasprit Bumrah's BIG statement on taking up Perth test captaincy, says, 'tactically better...'
Blackout on breaks: Company imposes no-sick-leave policy until 2025
Drug-laden terrorists on India's western, northern frontiers
Mohammad Shami trolls Sanjay Manjrekar over IPL auction bid prediction, says, 'Baba ki...'
IND vs AUS Test: When and where to watch 1st match of Border-Gavaskar trophy, know details here
CAQM amends Grap Stages III, IV, enforces stricter measures in Delhi-NCR amid air pollution woes
Malayalam actor Meghanathan passes away at 60 after suffering from...
Adani Green Energy's FIRST reaction after US indicts Gautam Adani in alleged bribery case
'Keep me out of...': Pakistani Instagram star Mathira on MMS leak controversy
Delhi Air Pollution: AQI marginally improves from 'severe' to 'very poor' category
'I love him, he loves me! Why hurt...': Rekha's bold confession about Amitabh Bachchan goes viral
Meet man, IITian who built Rs 5493 crore firm, has this Mukesh Ambani connection, he is from...
Shillong Teer Results TODAY November 21, 2024 Live Updates: Check winning numbers here
‘I didn’t have time to…’: When AR Rahman revealed having ‘agreement’ before marriage to Saira Banu
Viral video: Woman's sizzling belly dance to 'Namak' impresses internet, watch
Hardik Pandya banned, Mumbai Indians captain to miss first match of IPL 2025 due to...
Meet man who studied at IIM, IIT, then built Rs 1160000000 company, got inspired by…
Meet woman, who quit as dentist for UPSC exam, became IAS officer with AIR...
Viral video: Little girl steals hearts with her adorable dance to 'o meri cutie', watch
Gautam Adani's company signs another pact to acquire 100% stake in...
CBSE Date Sheet 2025 announced: Class 10, 12 board exams to begin from...
Apollena: Aditi Sharma on how space-based drama encourage young girls, says 'no matter how many...'
Is Mia Khalifa dating ex-Man City star Julian Alvarez? Former adult star says 'It certainly...'
IPL 2025 auction RTM rule: How this year’s right-to-match card is different from previous seasons
'Virat Kohli is trying to...': Shoaib Akhtar makes BIG statement on Champions Trophy 2025
Maharashtra Election 2024: Mukesh Ambani and family cast their votes in Mumbai
Centre revises performance-linked incentive scheme for THESE employees; check details
Manipur violence: Prohibitory orders to be relaxed in Imphal Valley for 7 hours
Jharkhand Exit Poll Results 2024: 36-41 seats predicted for BJP, JMM to secure…
Elon Musk faces big threat after million of users switch from X to Jack Dorsey's Bluesky
ICC Rankings: Hardik Pandya reclaims No. 1 T20I all-rounder spot, Tilak Varma enters top 10
DNA Verified: Is retirement age for central govt employees increasing to 62? Know truth here
Android 16 preview unveiled by Google: Who can access it? Here's all you need to know
Anti-pollution diet: Foods that can help fight air pollution naturally