Capex by central PSUs at Rs.2.3 tln during Apr-Aug 2022

Central public sector undertakings (PSUs) spent Rs.2.3 trillion in capital expenditure (capex) during April-August 2022, reported Business Standard. This accounts for 34 per cent of the Rs.6.6 trillion capex target for 2022-23. During April-July 2022, PSU spending stood at around Rs.1.8 trillion as compared to Rs.1.3 trillion capex in April-July 2021. In 2021-22, with a capex of Rs.5.5 trillion, PSUs achieved 96 per cent of their annual target of Rs.5.8 trillion. They intend to achieve 90 per cent of their capex goals by end-December 2022.