New Delhi, May 21 -- Corporate investment saw a steady rise in 2024-25, driven largely by infrastructure-intensive sectors, according to a report released Wednesday by the Bank of Baroda's Economic Research Department.

The report, based on data from 1,393 companies across 122 industries that disclosed balance sheet details in their FY25 results, found that gross fixed assets-including capital work in progress-rose to Rs.28.50 trillion from Rs.26.49 trillion in FY24, marking an annual growth of 7.6%.

Refineries accounted for the largest share of fixed assets at 31%, followed by telecom services (8.6%), iron and steel products (5.9%), cement (5.4%), and power (4.8%), said the report titled 'Which industries are investing?'

Together, thes...