58 central public sector enterprises (CPSEs) from 17 ministries from February 2024-25 are seen crossing their entire year capital expenditure target. They will spend more than the annual target for the third consecutive year.
A senior official said that the revised expenditure estimate of CPSE FY25 including four units like Damodar Valley Corporation, Delhi Metro Rail Corporation (DMRC), Indian Railways and NHAI (NHAI) has reached 93.95 per cent out of Rs 7.87 lakh crore.
CPSE spent up to 100.4 per cent of the entire year's capital expenditure target in FY 23 and 108 per cent of the target in FY 24. The above four units have spent 94.2 per cent of the target of revised capital expenditure for FY 25, while the remaining 54 CPSE has spent 93.7 per cent of the expenditure of Rs 3.51 lakh crore fixed for this financial year.
The official said, 'This will be called an important achievement in our operation and policy initiative. Its main factor is that in selected CPSEs and other institutions, the internal capital expenditure was properly monitored and encouraged.
Among the highest spending government companies till February, Oil and Natural Gas Corporation Limited (232 per cent), NTPC (144.5 per cent), National Highways Authority of India (121 per cent), Hindustan Petroleum Corporation Limited (115.2 per cent), Gayle India (111.7 per cent), Power Grid Corporation (110.5 per cent), Bharat Petroleum Corporation Limited (110.8 per cent), Oil (107.3 per cent), Airports Authority of India (103.9 per cent) and Coal India Limited (97.7 per cent) are.
CPSE, which is fisted in capital spending, is National Steel Corporation Limited (2.8 percent), Metropolitan Telephone Corporation Limited (3.9 per cent), Bharat Sanchar Nigam Limited (13.7 per cent), National Aluminum Company (47.9 per cent), Indian Railways (76.7 per cent) and Indian Atomic Energy Corporation (77 per cent). The Department of Public Enterprises (DPE) has made several policy improvements in CPSE to improve the smooth operation and decision process. The board of CPSE's Maharatna, Navratna and Miniratna issued simple revised guidelines in September 2024 to establish joint ventures and full -owned subsidiaries. In this sequence, simple new guidelines were issued in May 2024 to upgrade the category of CPSE. The DPE had recorded Maharatna to Hindustan Aeronautics Limited (HAL).
First Published – March 7, 2025 | 11:28 PM IST
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