Capex investment of power CPSEs shows a 45% growth

Through the previous year, the central public sector enterprises (CPSEs) have grown by 45%.

December 20, 2021

The capital expenditure target of CPSEs for FY 2021-22 is US$ 6.6 million (₹ 506.9 million).

The power sector sustained a capex of US$2.9 million (₹ 221.27 million).

Good progress has been made in terms of infrastructure development with US$ 209.8 million (₹ 15.93 billion).

An additional investment of US$ 460 million (₹34.91 billion) has gone through development schemes of the ministry.

A growth of 45% has been registered by central public sector enterprises (CPSEs) in their investment on capital expenditure through the previous year, according to a statement by the power ministry. It stated that the capital expenditure target of CPSEs for FY 2021-22 is US$ 6.6 million (₹ 506.9 million). At 49.3% of the fiscal’s total expenditure, the power sector sustained a capex of US$2.9 million (₹ 221.27 million). It also, however, mentioned a capex of US$ 4.2 million (₹ 321.37 million) at 63.4% of the annual capex target of FY 2021-22, indicating the good capex performance both in relative and absolute terms compared to the previous year.

On the infrastructure development front also the ministry has been making good progress with US$ 209.8 million (₹ 15.93 billion) being spent in IPDS, US$ 132.6 million (₹ 10.07 billion) in DDUGJY, and US$ 117.2 million (₹ 8.9 billion) in transmission development schemes for the north eastern part of the country. Additionally, an investment of US$ 460 million (₹34.91 billion) has gone through development schemes of the ministry, apart from the CPSE’s invested capex. The ministry’s statement mentioned that it has invested US$ 4.6 billion (₹ 356.2 billion) till the end of November. On a weekly basis, the Secretary Ministry of Power monitors the progress of schemes and projects. The power ministry has been showing progress at an accelerated pace in infrastructure development via regular monitoring of the schemes and projects..

Recent Articles

India set to become a US$ 5 trillion economy: Finance Minister

February 2, 2023

India’s Finance Minister Nirmala Sitharaman said that India is all …

Read More

India’s E2W sales to reach 22 mn by 2030: Report

February 2, 2023

India’s electric 2-wheeler (E2W)  sales are expected to reach 22 …

Read More

Indian economy to become US$ 5 trillion by 2026: CEA

February 1, 2023

India is expected to become a US$ 5 trillion economy …

Read More