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PSUs capex down sharply in Apr-Jun amid poll restrictions, says source

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EXCLUSIVE

PSUs capex down sharply in Apr-Jun amid poll restrictions, says source

This story was originally published at 21:03 IST on July 5, 2024  Back
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By Priyasmita Dutta

Large state-owned companies made an "unexpectedly" slower start on capital expenditure this year, spending 1.46 trln rupees in Apr-Jun, or about 19% of the full year's aim of 7.77 trln rupees, a senior finance ministry official said today. This was nearly a little over half of the amount they spent in the year-ago period. In Apr-Jun last year, these public sector enterprises had spent 2.38 bln rupees or 32% of the full year's aim.

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