Capex plans of chemical companies now deserve attention – 28 Oct 2022

Oil & gas downstream EPC players tend to overlook projects in the chemical sector in India.

The reason for this is the sector has seen relatively smaller players, where the ticket size is small and financials are often suspect

But with increasing tension between China and the West, and with Indian chemical companies becoming global suppliers, the scenario has changed

Some of the companies have done well, even during COVID, and now they are getting more ambitious

And here is a private company willing to go through a Rs 2100 crore capex surge that should get any major technology-cum-EPC player excited