CPSE capex jumps in Oct, at 53% of FY23 target

Capital expenditure (capex) by large central public sector enterprises (CPSES) with a target of 100 crore or more touched 53.03 per cent of the annual target of *6.62 trillion during the first seven months of the financial year, according to sources.

During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full-year target. The railways and National Highways Authority of India (NHAI) are driving the capital expenditure among CPSES for the Centre. NHAI achieved 71.6 per cent of its annual capital expenditure target of 1.34 trillion.

The Railway Board, excluding Dedicated Freight Corridor Corporation of India (DFCCIL) and Kolkata Metro Rail Corporation

(KMRCL), has been able to achieve 47.23 per cent against the capex target of *2.32 trillion. DFCCIL and KMRCL have been able to achieve 36.7 and 31.2 per cent, respectively, of their annual capex target till end-October.