You are here: Home » Economy & Policy » News
Setback for Tata, Adani, Essar: Gujarat scraps order to pay more for power
Business Standard

Spending 50% of capex target by September: An uphill task for PSUs

Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.

Topics
public sector undertakings | Capital Expenditure | Lockdown

Amritha Pillay & Aditi Divekar  |  Mumbai 



rupee
More than 50 per cent of NMDC’s FY21 capex is for the steel plant, which is likely to be commissioned in October-November this year

India’s top state-run companies in oil, power, metals, and mining have a (capex) of Rs 1.22 trillion on the go for this financial year but experts see execution challenges in the Union finance ministry’s recent directive asking them to expedite the spending.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, July 10 2020. 06:05 IST

RECOMMENDED FOR YOU

.