CPSEs meet 58% of annual capex target in April-Oct
Financial Express Mumbai|December 06, 2023
Railways, NHAI, state-run firms invest ₹4.28 trillion
PRASANTA SAHU
CPSEs meet 58% of annual capex target in April-Oct

SUPPORTING PUBLIC EXPENDITURE-LED GROWTH REVIVAL

THE CENTRAL PUBLIC sector enterprises (CPSEs) and large government agencies present in the infrastructure sector like the NHAI and the Railways have invested ₹4.28 trillion or 58.4% of their combined annual capital expenditure target in April-October of the current financial year, supporting the public capex-led economic growth revival.

On an annual basis, these entities’ capex grew by 22% on year in the first seven months of the current financial year compared with ₹3.51 trillion in the year-ago period.

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