Capex investment by state-owned companies in the electricity sector has boosted this fiscal
Central public sector enterprises (CPSEs) of the Ministry of Electricity have registered a 45% growth in capital expenditure (investment) investment in the current financial year through November, compared to the same period last year. .
In the current fiscal year (2021-22) until November, state-owned power companies in the power sector have incurred investments worth Rs 32,137, 45% higher than what they have invested in. capital for the respective period of last year (2020-21).
Official sources say that for the period 2021-22, the investment capital target of CPSEs under the Ministry of Electricity, is Rs 50,690.52 crore.
Power sector CPSEs incurred a difference of Rs 22,127 crore up to November 2020, representing 49.3% of total spending for the fiscal. However, for the period 2021-22, CPSEs have so far invested capital of Rs 32,137 crore, equal to 63.4% of the annual capital investment target, the sources said.
Thus, the business results of the Ministry in absolute as well as relative are better compared to the previous year. In absolute terms, it showed a 45% growth over last year’s operating results. Even in infrastructure development plans, the ministry is making good progress, a statement from the electricity ministry said.
