Increased spending on major infrastructure projects and increased allocation to defence will encourage more capital investment and revive demand, having a positive impact on the entire sector. Tax-free bonds and waived customs duty for imported coal will boost investment in power and infrastructure, resulting in increased orders for capital goods companies.

2. Comment
Announcement
Impact
Increased spending on major infrastructure projects
Higher allocation will result in all-round growth for the sector as it
will encourage more capital investment.
1
Positive
Positive for the entire sector

3. Comment
Announcement
Impact
Increased allocation to Defence at Rs. 193,407 crore
It will revive demand for the sector
2
Positive
Positive for BEL, M&M, Tata Motors, Pipavav Shipyard, BEML, L&T etc

4. Comment
Announcement
Impact
Power sector to issue tax-free bonds worth Rs. 10,000cr for financing
projects; ECBs to part finance rupee debt of power projects; Customs
duty on imported coal to be waived off
These reforms will boost investment in the power and infrastructure
sectors, resulting in a surge in orders for the capital goods segment.
3
Positive
Positive for the entire sector