Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target

Petroleum CPSEs and the National Highways Authority of India (NHAI) have so far driven the capex among CPSEs

The capital expenditure (capex) by large central public sector enterprises (CPSEs) with a target of Rs 100 crore or more touched 76 per cent of the annual budgeted target of Rs 6.62 trillion during the first 10 months of the fiscal year (2022-23, or FY23), revealed sources.

The capex target covers 54 CPSEs and five departmental arms.

By comparison, CPSEs could exhaust only 72.56 per cent of the Rs 5.95-trillion target during the same period in the previous fiscal year (2021-22, or FY22). The capex of these CPSEs is over and above the Centre’s capex.

While CPSEs spent Rs 2.8