Large PSUs spend over Rs 50,200cr in capex in April

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NEW DELHI: Large public sector firms have spent just a little over Rs 50,200 crore in direction of capital expenditure in April FY25 alone, which is sort of 6.5% of their full fiscal goal of practically Rs 7.8 lakh crore, an official mentioned.
The tempo albeit is slower than Rs 54,177 crore capex spent in April FY24, about 7.3% of the total 12 months funds goal of over Rs 7.4 lakh crore.”The capex spending will pick up going forward. Also, the numbers for April are still provisional and will go up in the revised final numbers,” the official mentioned.
The capital expenditure through the first month of 2024-25 fiscal was pushed by railways, street, and oil and fuel sectors. The Indian Railways and sector PSUs spent Rs 26,641 crore in April, adopted by National Highways Authority of India (NHAI) at Rs 6,645 crore. Among oil and fuel sector PSUs, ONGC incurred capex of Rs 2,318 crore, Indian Oil Corporation (IOC) Rs 2,423 crore in the primary month of the present monetary 12 months.
Hindustan Petroleum and Bharat Petroleum spent Rs 1,155 crore and Rs 417 crore, respectively in April.
Power sector PSU NTPC spent Rs 2,083 crore.
The finance ministry tracks capital expenditure of public sector undertakings (PSUs) which have an annual funding goal of over Rs 100 crore. The Interim Budget for 2024-25 set a cumulative capital expenditure goal of over Rs 9 lakh crore for all public sector undertakings.
Of this, round Rs 7.8 lakh crore price capex is to be spent by PSUs with over Rs 100 crore of annual capital expenditure goal. In 2023-24, giant PSUs spent round Rs 8.1 lakh crore in direction of capex, exceeding the Budget goal of over Rs 7.4 lakh crore.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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