NEW DELHI: Major public sector companies have spent a little over Rs 50.20 crore for capital expenditure in April FY2015 alone, which is 6.46 per cent of their full fiscal target of Rs 7.77 lakh crore, an official said. .
Although the pace is slower than the capital expenditure of Rs 54,177 crore spent in April FY2014, about 7.3 per cent of the full-year budget target of Rs 7.42 lakh crore.
"There will be an increase in capital expenditure in the times to come. Moreover, the April figures are still provisional and will increase in the revised final figures," the official said.
Capital expenditure during the first month of FY 2024-25 was driven by railways, roads and oil and gas sectors.Indian Railways and sector PSUs spent Rs 26,641 crore in April, followed by the National Highways Authority of India (NHAI) with Rs 6,645 crore.
Among oil and gas sector PSUs, ONGC incurred capital expenditure of Rs 2,318 crore, Indian Oil Corporation (IOC) incurred capital expenditure of Rs 2,423 crore in the first month of the current financial year.
Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd spent Rs 1,155 crore and Rs 417 crore, respectively, in April.
Power sector PSU NTPC spent Rs 2,083 crore.
The Finance Ministry monitors capital expenditure of public sector undertakings (PSUs) whose annual investment target is more than Rs 100 crore.
The interim budget for 2024-25 has set a cumulative capital expenditure target of Rs 9.01 lakh crore for all public sector undertakings.Of this, capital expenditure of Rs 7.77 lakh crore is to be spent by PSUs with an annual capex target of more than Rs 100 crore.
In 2023-24, large PSUs are expected to spend Rs 8.05 lakh crore on capital expenditure, higher than the budget target of Rs 7.42 lakh crore.
Although the pace is slower than the capital expenditure of Rs 54,177 crore spent in April FY2014, about 7.3 per cent of the full-year budget target of Rs 7.42 lakh crore.
"There will be an increase in capital expenditure in the times to come. Moreover, the April figures are still provisional and will increase in the revised final figures," the official said.
Capital expenditure during the first month of FY 2024-25 was driven by railways, roads and oil and gas sectors.Indian Railways and sector PSUs spent Rs 26,641 crore in April, followed by the National Highways Authority of India (NHAI) with Rs 6,645 crore.
Among oil and gas sector PSUs, ONGC incurred capital expenditure of Rs 2,318 crore, Indian Oil Corporation (IOC) incurred capital expenditure of Rs 2,423 crore in the first month of the current financial year.
Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd spent Rs 1,155 crore and Rs 417 crore, respectively, in April.
Power sector PSU NTPC spent Rs 2,083 crore.
The Finance Ministry monitors capital expenditure of public sector undertakings (PSUs) whose annual investment target is more than Rs 100 crore.
The interim budget for 2024-25 has set a cumulative capital expenditure target of Rs 9.01 lakh crore for all public sector undertakings.Of this, capital expenditure of Rs 7.77 lakh crore is to be spent by PSUs with an annual capex target of more than Rs 100 crore.
In 2023-24, large PSUs are expected to spend Rs 8.05 lakh crore on capital expenditure, higher than the budget target of Rs 7.42 lakh crore.
