Capex by CPSEs accelerates to 60% of annual target during Apr-Nov period

CPSEs are likely to achieve their target as they tend to rush up their spending in March quarter

The capital expenditure (capex) by large central public sector enterprises (CPSEs) with a target of over Rs 100 crore touched 60 per cent of the overall Rs 6.62-trillion goal during the first eight months of the current financial year (April-November), according to official sources. 
 

During the same period a year ago, CPSEs were able to exhaust only 53 per cent of the full-year target. In FY22, CPSEs spent Rs 5.5-trillion capex, or 96 per cent of their annual target of Rs 5.75 trillion. 
 

Among CPSEs, Hindustan Aeronautics Ltd is the only one that has managed to exceed its annual capex