Steady trend: PSUs hit 34% of capex target in April-August, shows data

The centre through government departments and PSUs has been lifting the economy through capital spending as investments from private sector lag.

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