Capital Expenditure (Capex) is a crucial metric for identifying companies poised for high growth. It represents the funds a company uses to acquire, upgrade, or maintain physical assets such as property, industrial buildings, or equipment. By analyzing Capex trends, investors can uncover businesses that are actively investing in expansion and innovation, often signaling future growth potential.

Studies show a strong correlation between Capex growth and future stock performance, particularly for companies in growth phases. Investing in companies with strategic Capex plans can be a powerful approach to wealth creation. By focusing on firms that reinvest in growth and innovation, investors stand to benefit from potential multibagger returns. 

Companies like KPI Green Energy and Gensol Engineering capitalized on increased investments in renewable energy. These firms have seen their stocks rally due to aggressive capex plans aligned with government incentives for green initiatives.

List of 10 companies currently undertaking significant capex projects 

Here’s a list of 10 companies currently undertaking significant Capex projects

1- Apar Industries 

Apar Industries is a leading manufacturer in the energy sector, producing conductors, transformer oils, and cables. The company caters to power transmission, distribution, and renewable energy sectors, with a strong focus on exports and innovation.

The company, recognized as the world’s largest conductor manufacturer, third-largest transformer oil producer, and India’s top renewable cables maker, announced an expansion of its Continuous Transposed Conductor (CTC) production capacity. This expansion is in response to increased demand driven by government focus on power and generation equipment.

Upon completion, the annual CTC production capacity will reach 20,490 MT by the third quarter of FY26, tripling current production levels.

2- EFCI

Company has signed a Letter of Intent (LOI) to lease an additional 78,084 square feet of prime property in Hyderabad, expanding its existing space at Silicon Towers. The new lease spans three floors, accommodating over 1,700 seats, and consolidates Company’s presence to nearly 2 lakh square feet in a single building.

This strategic expansion enhances cost efficiency, management, and service offerings, reinforcing Company’s leadership in India’s managed office sector and commitment to meeting the evolving market needs.

3- Kings Infra Ventures

Kings Infra is involved in aquaculture and allied businesses. It focuses on sustainable aquaculture practices and produces high-quality shrimp and seafood for both domestic and export markets. Company’s Aquaculture Healthcare Division received Coastal Aquaculture Authority approval for 16 antibiotic-free aquaculture products for a period of five years, now available under the “AQUA KING” brand.

Developed by Company’s R&D team, these products—ranging from mineral mixes to probiotics—have undergone successful trials and received multiple certifications. Company aims to enhance productivity and sustainability in aquaculture through its CAA-approved products, training aquafarmers at its Tuticorin facility in the SISTA360 protocols to improve efficiency and profitability.

4- Gensol Engineering

Gensol provides solar engineering, procurement, and construction (EPC) services. It also operates in the renewable energy consultancy space, helping implement solar power projects across India.

A consortium led by Matrix Gas & Renewables Ltd., along with Company, Indian Institute of Technology Bhubaneswar, and Metsol AB (Sweden), will develop India’s first and largest Green Steel production facility, using 100% Green Hydrogen under the National Green Hydrogen Mission.

The 50 TPD plant, supported by MECON, the Ministry of Steel, and MNRE, will utilize DRI vertical shaft technology to produce sponge iron with zero CO₂ emissions, replacing fossil fuels. The project, with an estimated capex of INR 321 Crore, is backed by 50% government incentives and aims to drive sustainable steel production in India.

5- Nibe Ltd

Nibe specializes in manufacturing and selling electrical and electronic components, particularly for the automobile and telecom industries. Government of Maharashtra has granted “Mega Project” status to Company for its proposed manufacturing facility at MIDC, Shirdi.

The facility will produce various aircraft parts, such as vertical stabilizers, horizontal stabilizers, wings, jet engines, cockpits, fuselages, slats, spoilers, ailerons, flaps, and rudders. The project involves an investment of INR 1,200 Cr. Company will receive various benefits under the 2019 Scheme of Incentives Policy, including 300 acres of land provided by MIDC, Shirdi.

6- Izmo Ltd

Izmo operates in the IT and software services sector, providing automotive retail solutions, including digital engagement platforms and CRM tools. Company has launched its new subsidiary, which focuses on cutting-edge semiconductor packaging and manufacturing, with a state-of-the-art System-in-Package (SiP) manufacturing facility in Bangalore.

This facility strengthens India’s position in the global semiconductor supply chain, offering high-density, high-performance SiP solutions for industries like consumer electronics, automotive, telecommunications, and green energy. 

The services provided by new subsidiary include custom SiP and IC packaging, high-reliability components, co-packaged optics, green energy power modules, and advanced system design. The facility also features a Class 1000 clean room, 3D die stacking, and fine-pitch wire bonding.

7- Harshdeep Hortico Ltd.

This company is engaged in agricultural activities, particularly in horticulture, focusing on fruits, vegetables, and ornamental plants. Company has announced expansion plans to be completed by March 2025, including the expansion of its Pune manufacturing plant by adding 12,000 sq. ft. for producing shade nets with an annual capacity of 210,000 kg.

The company is also opening new showrooms in Hyderabad and Ahmedabad, relocating and expanding its Delhi showroom, and enhancing its existing showrooms in Bhiwandi, Pune, Delhi, and Rajahmundry. 

Additionally, Company is introducing new product lines like shade nets and garden furniture, with machinery finalization underway. To support regional demand, the company is setting up a strategically located warehouse in Bengaluru, catering to Karnataka, Kerala, Tamil Nadu, and Telangana.

8- Satin Creditcare Network Ltd.

Satin is a microfinance institution providing financial services to underserved populations, including microloans for rural and semi-urban borrowers. Company has incorporated a wholly-owned subsidiary under the name “Satin Technologies Limited.” This strategic move positions the Company at the forefront of innovation in financial services and beyond.

Satin Technologies will operate as an independent entity, allowing it the freedom to innovate and develop cutting-edge technological solutions across various industries, including but not limited to financial services. 

With a focus on harnessing the power of technology to drive efficiency, scalability, and customer satisfaction, the subsidiary is well-equipped to meet the evolving needs of businesses in the digital age and aims to become a leader in providing state-of-the-art digital solutions that can transform the way businesses operate.

9- AVG Logistics Ltd.

AVG Logistics provides logistics and supply chain solutions across India, including transportation, warehousing, and distribution services. Odisha Government has allotted 4 acres of land in Khurdha District, Bhubaneswar, to Company for developing an ancillary unit. This unit will provide logistics assistance to clients within Odisha.

Located in a rapidly growing industrial hub that hosts companies like Coca-Cola and Varun Beverages, this strategic location will enhance Company’s presence and capacity. The new facility marks an expansion into a new region, creating opportunities for business development, client acquisition, and overall company growth.

10- Balu Forge Industries Ltd.

Balu Forge manufactures and exports automotive components, specializing in crankshafts, connecting rods, and other precision parts, serving both domestic and international markets. The company is expanding with a new forging capacity of 72,000 tons annually.

They’ve acquired three state-of-the-art forging production lines, including a 16-ton closed die forging hammer, a 10-ton hammer, and an 8,000-ton mechanical press. These automated, Industry 4.0 compliant lines will be part of their greenfield project in Belagavi, Karnataka. 

The new unit will integrate with company’s precision machining unit from Mercedes Benz, enhancing their product offerings in critical industries such as oil and gas, aerospace, defense, railways, mining, and automotive.

Investing in companies with strategic Capex plans can be a powerful approach to wealth creation. By focusing on firms that reinvest in growth and innovation, investors stand to benefit from potential multibagger returns. However, careful analysis of financials, project viability, and market trends is crucial to maximizing gains. 

Having order book information about the companies can be very helpful in investing. At Sovrenn Discovery  you can find the order book information for each company. Stock Buckets available at Sovrenn with revenue guidance, capacity expansion and preferential issuance can help you make good investment decisions. These buckets are on Sovrenn Discovery section

• Capacity Expansion: Companies which are undergoing the capex provide a future revenue growth.
• Revenue Guidance: Companies whose management has provided the revenue guidance for the future is available.
• Preferential Issuance:  Companies which recently did fund raise for their business expansion are available.