{"id":49110,"date":"2024-05-13T00:48:25","date_gmt":"2024-05-13T00:48:25","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/13\/large-psus-spend-over-rs-50200cr-in-capex-in-april-times-of-india\/"},"modified":"2024-05-13T00:48:25","modified_gmt":"2024-05-13T00:48:25","slug":"large-psus-spend-over-rs-50200cr-in-capex-in-april-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/13\/large-psus-spend-over-rs-50200cr-in-capex-in-april-times-of-india\/","title":{"rendered":"Large PSUs spend over Rs 50,200cr in capex in April &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-110062108,imgsize-902573.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Large PSUs spend over Rs 50,200cr in capex in April &#8211; Times of India\" title=\"Large PSUs spend over Rs 50,200cr in capex in April &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: Large public sector companies have spent a little over Rs 50,200 crore towards capital expenditure in April FY25 alone, which is nearly 6.5% of their full fiscal target of nearly Rs 7.8 lakh crore, an official said.<br \/>The pace albeit is slower than Rs 54,177 crore <!-- -->capex<!-- --> spent in April FY24, about 7.3% of the full year budget target of over Rs 7.4 lakh crore.&#8221;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,&#8221; the official said.<br \/>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 Rs 26,641 crore in April, followed by <!-- -->National Highways Authority of India<!-- --> (NHAI) at Rs 6,645 crore. Among oil and gas sector PSUs, <!-- -->ONGC<!-- --> incurred capex of Rs 2,318 crore, Indian Oil Corporation (IOC) Rs 2,423 crore in the first month of the current financial year.<br \/>Hindustan Petroleum and Bharat Petroleum spent Rs 1,155 crore and Rs 417 crore, respectively in April.<br \/>Power sector PSU NTPC spent Rs 2,083 crore.<br \/>The finance ministry tracks capital expenditure of public sector undertakings (PSUs) that have an annual investment target of over Rs 100 crore. The Interim Budget for 2024-25 set a cumulative capital expenditure target of over Rs 9 lakh crore for all public sector undertakings. <br \/>Of this, around Rs 7.8 lakh crore worth capex is to be spent by PSUs with over Rs 100 crore of annual capital expenditure target. In 2023-24, <!-- -->large PSUs<!-- --> spent around Rs 8.1 lakh crore towards capex, exceeding the Budget target of over Rs 7.4 lakh crore. <\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function 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albeit is slower than Rs 54,177 crore capex spent in April FY24, about 7.3% of 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