Capital expenditure by CPSEs accelerates to 43% of FY23 target in H1

The capital expenditure of central public sector enterprises (CPSEs) with targets over Rs 100 crore in the first half (April-September) of fiscal year FY23 touched 43 per cent of the annual target of Rs 6.62 trillion.

CPSEs were able to exhaust only 37 per cent of the Rs 5.95-trillion target during the same period in FY22.

While CPSEs spent Rs 2.8 trillion in capex in the first half of FY23, they had invested Rs 2.19 trillion during the year-ago period, registering 27.85 growth per cent.

“The CPSEs are taking the capex targets seriously as it is one of the parameters