Sunday, June 26, 2022
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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

7 PSUs under these ministries have spent 20% of their capex target so far

The Finance Minister encouraged PSUs to perform better to achieve their targets and to ensure that the capital outlay provided to them for the Financial Year 2020-21 is spent properly and within time

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