Saturday, February 4, 2023
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capex spending

In FY22, PSUs achieved 96.56% of capex target, spent Rs 5.55 lakh crore

Synopsis: In an effort to give a boost to the economy to provide impetus for growth in the aftermath of the COVID-19 pandemic, PSUs have recorded a capex of Rs 5.55 lakh crore in FY22, which is 96.56 percent of the target for the previous financial year

CIL spends Rs 10,717 cr in Apr-Dec period, records 37% jump in capex y-o-y

Coal India Limited (CIL) has incurred a capex of Rs 10,717 crore till December of the ongoing financial year, clocking a strong 37.4 percent year-on-year growth

Out of FY22 capex target of Rs 5.95 lakh cr, PSUs have spent Rs 3.07 lakh cr so far: DPE

Central public sector undertakings (PSUs) have spent Rs 3.07 lakh crore so far out of the total capex target of Rs 5.95 lakh crore for financial year 2021-22

DPE Secretary visits NRL to review capex plan. How is the PSU doing on this front?

DPE Secretary Sailesh visited state-run NRL to review the status of capex and stressed upon the need to speed up the same

PSUs to increase capex to 200% of present level next fiscal: Javadekar

PSUs have always been the drivers of growth and by next financial year, they are set to increase capex spending to 200 percent of present level and contribute towards self-reliance, said Javadekar

Oil PSUs have spent only a third of their capex in H1 of FY21: Ministry data

State-run OMCs have spent nearly a third of their capex target for the current financial year, with ONGC Videsh being the fastest and Indian Oil being the slowest

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