Power Sector PSUs Show 45% Rise In Capex

Published:Nov 29, 202307:40

Power Sector PSUs Show 45% Rise In Capex

Capex funding by energy sector state-owned corporations has risen this fiscal

A progress of 45 per cent in funding on capital expenditure (capex) has been registered by Central public sector enterprises (CPSEs) of the facility ministry within the present monetary yr until November, in comparison with corresponding interval of final yr.In the present fiscal (2021-22) until November, energy sector's state-owned corporations have incurred capex price Rs 32,137 crore, which was 45 per cent greater than what these entities had invested in capex through the corresponding interval of final yr (2020-21).   For 2021-22, the capex goal of the CPSEs beneath the Ministry of Power, is Rs 50,690.52 crore, official sources stated.Power sector CPSEs had incurred a capex of Rs 22,127 crore until November 2020, which was 49.3 per cent of the whole expenditure for the fiscal. However, throughout 2021-22, the CPSEs have thus far invested capex of Rs 32,137 crore, which is 63.4 per cent of the annual capex goal, sources knowledgeable.Thus, the capex efficiency of the ministry in absolute in addition to relative phrases is best in comparison with the earlier yr. In absolute phrases, it has proven a progress of 45 per cent over final yr's efficiency, it said. Even within the schemes for infrastructure growth, the ministry has been making good progress, an announcement issued by the facility ministry stated.

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