Saturday, February 4, 2023
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CAPEX of PSUs

FM asks PSUs to achieve 75% target of their CAPEX by Q3 and more than 100% by Q4

Finance Minister Nirmala Sitharaman chaired the 5th review meeting on CAPEX of PSUs to boost expenditure in the economy

Dil maange more: Sitharaman wants CPSEs to scale up their capex

Finance Minister Nirmala Sitharaman chaired a review meeting on capex of CPSEs with Secretaries of the Ministries of Petroleum & Natural Gas and Ministry of Coal, along with the CMDs of 14 CPSEs belonging to these Ministries to review the capital expenditure in this financial year

7 PSUs under MoCA, Steel Ministry & Railways spent Rs 3,557 cr on capex in Q1

While interacting with the CMDs of PSUs, the Finance Minister said that better performance of CPSEs can help the economy in a big way to recover from the impact of COVID-19

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