Pushing for investments and growth, the government on Friday reviewed the capital expenditure programme of state-owned companies and impressed upon them to complete projects in the remaining part of t
Pushing for investments and growth, the government on Friday reviewed the capital expenditure programme of state-owned companies and impressed upon them to complete projects in the remaining part of the fiscal.
The pipeline of projects and investment plans involving 32 PSUs were reviewed at a meeting chaired by finance minister Arun Jaitley. It was attended by CMDs of major PSUs including NTPC, IOC and Coal India and senior officials of the finance ministry.
“Most PSUs are on track to meet their capex plan for the year. There are some who are lagging, we expect them to cover up in the remaining of the year,” sources said.
Almost 50 per cent of the PSUs have spent between 45-50 per cent of their investment plans during the first six months of the fiscal, sources said, adding that the PSUs which are lagging have been asked to speed up investment.
