Mahindra Satyam raises capex by 35%

In line with its game plan of catching up with larger peers, Mahindra Satyam has earmarked an investment of Rs 325 crore for enhancing physical infrastructure and upgrading technological assets this year. This is a 35 per cent increase from the Rs 240 crore that the Hyderabad-based company spent as capex in fiscal 2011.

Majority of the capex spend will be channelised towards special economic zone projects that are currently under construction in Hyderabad and Vizag. The new SEZs, when completely ready, will be able to house around 6,000 seats.