5 Indian Stocks with Major CAPEX Plans to Watch in 2024
In the dynamic economic landscape, five Indian companies are making significant investments to scale their operations. Discover the stocks with CAPEX plans ranging from Rs. 325 crore to Rs. 1,500 crore and their potential impact on the market.
Real Estate:Amid a dynamic economic landscape, these five Indian companies are doubling down on future-ready investments. In May, five firms unveiled capex plans aimed at scaling operations and sharpening their market edge. Discover the stocks fuelling this investment drive and their potential long-term impact. 1. Sah Polymers With a market capitalisation of Rs. 231 crores, the shares of Sah Polymers Limited closed in the red at Rs. 89.61 on NSE, down by 2 percent, as against its previous closing price of Rs. 91.44. The stock has delivered negative returns of around 6.22 percent in one year and has risen over 8 percent in the last month. Sah Polymers’ Board has approved a strategic entry into the real estate sector, focusing on developing plug-and-play office spaces, AI and IT parks, and residential and industrial complexes in Tier 2 and Tier 3 cities. The total capex for this diversification is around Rs. 325 crore, to be executed in phases, with Rs. 125 crore in Phase 1 funded through equity and debt. 2. Artemis Medicare Services With a market capitalisation of Rs. 3,392 crores, the shares of Artemis Medicare Services Limited closed in the red at Rs. 244.15 on NSE, down by 2.01 percent, as against its previous closing price of Rs. 249.15. The stock has delivered positive returns of around 30.21 percent in one year and has fallen over 13.4 percent in the last month. Artemis Medicare ended FY25 on a strong note, showing steady growth and consistent performance. To support future expansion, the company raised Rs. 330 crore from IFC, targeting growth in Delhi NCR and Tier 2 cities via brownfield and greenfield projects. The Board also approved an O&M agreement for a 300+ bed hospital in Raipur, strengthening its presence in Central India. 3. Jindal Poly Films With a market capitalisation of Rs. 3,053 crores, the shares of Jindal Poly Films Limited closed in the green at Rs. 699 on NSE, up by 3.10 percent, as against its previous closing price of Rs. 677.95. The stock has delivered positive returns of around 37.6 percent in one year and has risen over 4.61 percent in the last month. JPFL Films, a subsidiary of Jindal Poly Films, plans to expand capacity by adding new BOPP, PET, and CPP lines in Nashik, Maharashtra. The new lines will boost output with advanced technology and better efficiency. Current annual capacities are 2.94 lakh tonnes (BOPP), 1.7 lakh tonnes (PET), and 33,600 tonnes (CPP), with 80 percent utilisation. The proposed addition includes 42,000 tonnes (BOPP), 55,000 tonnes (PET), and 18,000 tonnes (CPP), to be commissioned in 2–3 years. The capex investment will exceed Rs. 700 crore. 4. Power Grid Corporation of India With a market capitalisation of Rs. 2,79,111 crores, the shares of Power Grid Corporation of India Limited closed in the green at Rs. 300.10 on NSE, up by 0.15 percent, as against its previous closing price of Rs. 299.65. The stock has delivered negative returns of around 4 percent in one year and has fallen over 1.9 percent in the last month. Power Grid Corporation of India has approved a capex of Rs. 964.44 crore for three key transmission projects, set to be completed by mid-2026. The first project, costing Rs. 212.81 crore, will strengthen the transmission system for evacuating power from the Bhadla/Bikaner complex and is expected to be completed by June 9, 2026. The other two, ERES-43 and ERES-44, will cost Rs. 342.69 crore and Rs. 408.94 crore, respectively, with commissioning timelines of March 1 and May 24, 2026. These projects aim to enhance India’s transmission infrastructure. 5. APL Apollo Tubes With a market capitalisation of Rs. 49,510 crores, the shares of APL Apollo Tubes Limited closed in the green at Rs. 1,784 on NSE, up by 0.46 percent, as against its previous closing price of Rs. 1,775.90. The stock has delivered positive returns of around 0.44 percent in one year and has risen over 13.77 percent in the last month. APL Apollo Tubes’ Board has approved a capital expenditure of about Rs. 1,500 crore over the next three years, including maintenance costs. This investment will support a capacity expansion of 2.3 million tonnes, raising total capacity from 4.5 to 6.8 million tonnes by FY28. With current plants running at optimal capacity, the funds will be used to boost manufacturing across existing or new facilities, in line with the company’s long-term growth plans and to meet growing market demand.
Frequently Asked Questions
What is CAPEX and why is it important for these companies? A: CAPEX, or capital expenditure, refers to the funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, technology, or equipment. It is crucial for these companies as it helps in scaling operations, improving efficiency, and staying competitive in the market. Q: Which company is planning to enter the real estate sector? A: Sah Polymers is planning to enter the real estate sector, focusing on developing plug-and-play office spaces, AI and IT parks, and residential and industrial complexes in Tier 2 and Tier 3 cities. Q: How much capex is Power Grid Corporation of India planning to invest in transmission projects? A: Power Grid Corporation of India has approved a capex of Rs. 964.44 crore for three key transmission projects, set to be completed by mid-2026. Q: What is the capex plan of APL Apollo Tubes? A: APL Apollo Tubes has approved a capital expenditure of about Rs. 1,500 crore over the next three years, including maintenance costs, to support a capacity expansion of 2.3 million tonnes. Q: What is the market capitalisation of Jindal Poly Films? A: The market capitalisation of Jindal Poly Films is Rs. 3,053 crores.
