capex investment by power sector government companies has increased in this financial year
Investment on Capital Expenditure (Capex) by the Central Public Sector Enterprises (CPSEs) of the Ministry of Power in the current financial year till November has registered a growth of 45 per cent over the corresponding period of last year.
In the current financial year (2021-22) till November, state-owned power sector companies have incurred a capital expenditure of Rs 32,137 crore, compared to the previous year (2020- 21).
Official sources said that for 2021-22, the capex target of CPSEs under the power ministry is Rs 50,690.52 crore.
Power sector CPSEs had incurred a capital expenditure of Rs 22,127 crore till November 2020, which was 49.3 per cent of the total expenditure for the financial year. However, during 2021-22, CPSEs have so far invested Rs 32,137 crore in capex, which is 63.4 per cent of the annual capex target, sources said.
Thus, the capital expenditure performance of the Ministry in aggregate and relative terms is better as compared to the previous year. Overall, it has shown a growth of 45 per cent as compared to last year’s performance, it said. In a statement issued by the Ministry of Power, it has been said that the Ministry is also making good progress in the schemes of infrastructure development.
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