The performance of PSUs on capital sending was reviewed by the Prime Minister's Office earlier this month.
Public sector undertakings (PSUs) that have a capital expenditure (capex) target of over Rs 100 crore and above saw their combined capital spending touch over 34 per cent of the annual target of Rs 6.62 trillion as on August 31. Central PSUs spent Rs 2.3 trillion during April-August 2022.
In the April-July period, PSUs spent Rs 1.84 trillion in capex, which accounted for 28 per cent of the aggregate target for the current financial year. This stood against the Rs 1.34-trillion capex in April-July 2021 or 22 per cent of last year’s target of Rs 5.95 trillion.
In FY22, PSUs had spent capex to the tune of Rs 5.5 trillion or achieved 96 per cent of their annual target of
First Published: Sep 28 2022 | 12:04 PM IST