Pace is slower than Rs54,177 crore capex spent in April FY24
New Delhi: Large public sector companies have spent a little over Rs50,200 crore towards capital expenditure in April FY25 alone, which is 6.46 per cent of their full fiscal target of Rs7.77 lakh crore, an official said.
The pace albeit is slower than Rs54,177 crore capex spent in April FY24, about 7.3 per cent of the full year budget target of Rs7.42 lakh crore.
“The capex spending will pick up going forward. Also, the numbers for April are still provisional and will go up in the revised final numbers,” the official said.
The capital expenditure during the first month of 2024-25 fiscal was driven by railways, road, and oil and gas sectors.
The Indian Railways and sector PSUs spent Rs26,641 crore in April, followed by National Highways Authority of India (NHAI) at Rs6,645 crore.
Among oil and gas sector PSUs, ONGC incurred capex of Rs2,318 crore, Indian Oil Corporation (IOC) Rs2,423 crore in the first month of the current financial year.
Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd spent Rs1,155 crore and Rs 417 crore, respectively in April.
Power sector PSU NTPC spent Rs2,083 crore.
The finance ministry tracks capital expenditure of public sector undertakings (PSUs) that have an annual investment target of over Rs100 crore.
The Interim Budget for 2024-25 set a cumulative capital expenditure target of Rs9.01 lakh crore for all public sector undertakings. Of this, Rs7.77 lakh crore worth capex is to be spent by PSUs with over Rs100 crore of annual capital expenditure target.
In 2023-24, large PSUs spent Rs8.05 lakh crore towards capex, exceeding the budget target of Rs7.42 lakh crore.
