FM asks 14 CPSEs to spend 75% of Rs 1.15 trillion capex by December end

Govt looks to sustain pace of capital and infra projects to soften economic blow; Till H1 of FY21, these PSUs spent Rs 37,423 cr, or just 32%. In FY20, they spent Rs 1.16 trn or 104% of capex goal

Finance Minister Nirmala Sitharaman on Monday asked officials to ensure that 14 state-owned companies spend 75 per cent of their capital outlay for the year by the end of December. 

This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the pandemic.

According to an official statement, Sitharaman held a video conference with secretaries of the ministries of petroleum and natural gas and ministry of coal, as well as the 14 PSUs under these departments.

“This was the fourth in the ongoing series of meetings that