India’s progress story is more and more being fuelled by speedy capability enlargement throughout important industries comparable to photo voltaic manufacturing, car manufacturing, electronics, and liquor. Corporations which might be closely investing in increasing their manufacturing base usually sign long-term confidence in demand and purpose to seize market share forward of competitors.
On this article, we have now used the Internet Block metric as a key indicator to evaluate the dimensions of capability enlargement undertaken by corporations. A rising Internet Block worth over the past three years usually displays elevated investments in mounted belongings comparable to vegetation and equipment, signalling aggressive capital expenditure and long-term progress intent.
Listed below are 5 shares which have undertaken important capital expenditure and manufacturing enlargement over the previous couple of years, reflecting sturdy gross sales progress, rising mounted asset base, and huge ongoing or deliberate investments.
Waaree Energies Restricted, included in 1990, is one in all India’s main producers of photo voltaic photovoltaic (PV) modules with 5 manufacturing items and a present module manufacturing capability of 15 GW. It has a world presence and is aiming to scale up its capability aggressively.
In response to sources, the corporate is planning to take a position practically Rs. 14,700 crore over the subsequent two years to extend its photo voltaic module capability to 25.7 GW and photo voltaic cell capability to fifteen.4 GW by 2027. The corporate additionally plans 10 GW of ingot-wafer capability by FY27. Its latest capex announcement contains Rs. 2,700 crore, with a complete deliberate capital expenditure of Rs. 12,000 crore and the main target stays on scaling gross sales, manufacturing and initiatives with US export orders and a wholesome order guide of Rs. 49,000 Crore.
The corporate has a market cap of Rs. 82,795.02 crore and is presently buying and selling at Rs. 2,882. Its web block has grown from Rs. 624.62 crore three years in the past to Rs. 4,051.10 crore presently, with gross sales progress of 34.70 %. Final yr, the online block stood at Rs. 1,449.85 crore.
Dixon Applied sciences, included in 1993, is an Digital Manufacturing Providers (EMS) firm engaged in making shopper electronics, mobiles, safety techniques, dwelling home equipment, and lighting merchandise. It has additionally partnered with Think about Advertising to design and manufacture audio units.
Dixon is increasing its capability by 50 % to cater to rising exports, notably to North America. It has signed a Grasp Providers Settlement with Tech Mahindra for automation providers and plans to ramp up volumes for purchasers like Xiaomi, Longcheer, and huge US manufacturers.
The corporate has a market cap of Rs. 97,952.60 crore and trades at Rs. 16,190. Its web block has elevated from Rs. 1,003.29 crore three years in the past to Rs. 2,774.59 crore now, up from Rs. 1,996.25 crore final yr. Gross sales have grown by 114.85 %.
Maruti Suzuki India Restricted manufactures and sells passenger and business autos, together with spare components and equipment below the Maruti Suzuki Real Elements and Equipment manufacturers. It additionally offers in pre-owned automotive gross sales, fleet administration, and financing.
Maruti is investing Rs. 7,410 crore to arrange a brand new plant at Kharkhoda with a capability of two.5 lakh items per yr. This may take the entire capability on the Kharkhoda location to 7.5 lakh items yearly as soon as all phases are full, and will probably be completed by 2029.
The corporate has a market cap of Rs. 4,05,736.52 crore and trades at Rs. 12,905. Its web block has elevated from Rs. 13,747.20 crore three years in the past to Rs. 32,983 crore presently. Final yr, web block was Rs. 27,864.80 crore. The corporate has reported a gross sales progress of seven.33 %.
Kaynes Expertise is a completely built-in electronics manufacturing firm with experience in IoT and EMS. It caters to sectors like automotive, aerospace, nuclear, protection, IT, and healthcare.
Its subsidiary, Kaynes Circuits India, has signed an MoU with the Tamil Nadu authorities to take a position round Rs. 4,995 crore over six years to construct greenfield manufacturing items and increase present vegetation.
The corporate has a market cap of Rs. 40,910.78 crore and is buying and selling at Rs. 6,110. Its web block has expanded from Rs. 113.34 crore to Rs. 936.09 crore in three years. Final yr, it stood at Rs. 319.21 crore. Gross sales progress was 43.74 %.
Radico Khaitan, based in 1943, is likely one of the most distinguished IMFL (Indian Made Overseas Liquor) manufacturers in India. Its flagship model 8PM whisky achieved millionaire standing inside a yr of launch in 1997.
The corporate has commissioned a brand new distillery in Sitapur, Uttar Pradesh, doubling its capability from 104.9 million litres in FY23 to 213.3 million litres in FY24. Together with JV capacities, complete manufacturing capability stood at 321.2 million litres as of March 31, 2025.S
Radico has a market cap of Rs. 38,165.63 crore and is buying and selling at Rs. 2,851. Its web block has grown from Rs. 820.60 crore three years in the past to Rs. 1,766.57 crore presently. Final yr, it was Rs. 1,657 crore. Gross sales progress stands at 21.38 %.
Written by – Manan Gangwar
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