Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period

Capital expenditure (capex) by large central public sector enterprises (CPSEs) with a target of Rs 100 crore or more touched 53.03 per cent of the annual target of Rs 6.62 trillion during the first seven months of the financial year, according to sources. 

During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full-year target.

The railways and National Highways Authority of India (NHAI) are driving the capital expenditure among CPSEs for the Centre. 

NHAI achieved 71.6 per cent of its annual capital expenditure target of Rs 1.34 trillion.

The Railway Board,