| India Inc to cash in on their plans |
| B G Shirsat / Mumbai April 25, 2006 |
| Bank balance worth Rs 1 trillion utilised for expansion, diversification, acquisition. India Inc is using cash and bank balance of over Rs 1,00,000 crore for expansion, diversification and acquisition. According to Capitaline Plus data, 365 firms had cash worth Rs 1,00,000 crore as of March 2005. Announcements made by companies during 2005-06 reveal that all front line companies have drawn up their capital expenditure plans based on their cash pile. Dr Reddy |
