Power Ministry invests Rs 35,628.6 Crore in infra development up till Nov in this FY
For the Financial Year (FY) 2021-22 the target for Capital Expenditure (Capex) of the Central Public Sector Enterprises (CPSEs) of the Ministry of Power is Rs. 50,690.52 crore.
representational image
For the Financial Year (FY) 2021-22 the target for Capital Expenditure (Capex) of the Central Public Sector Enterprises (CPSEs) of the Ministry of Power is Rs. 50,690.52 crore.
During FY 2020-21, power sector CPSEs incurred a capex of Rs. 22,127 crore till the month of November which was 49.3% of the total expenditure for that FY.
However, during FY 2021-22, the CPSEs of Power Ministry have so far invested capex of Rs. 32,137 Crore, which is 63.4% of the annual capex target.
Thus, the capex performance of the Ministry in absolute as well as relative terms is better compared to the previous year. In absolute terms it has shown a growth of 45 % over last year’s performance.
Even in the schemes for infrastructure development, the ministry has been making good progress. It has spent Rs 1593.72 Crore in IPDS, Rs 1007.51Crore in DDUGJY and Rs 890Crore in Transmission Development schemes for North Eastern region.
Hence besides the expenditure of Rs 32137.37 Crore by CPSEs , an additional amount of Rs 3491.23 Crore has been invested in infrastructure through development schemes of the ministry.
In all, till end of November, the Power Ministry has invested Rs 35,628.6 Crore in infrastructure development.
The progress of the schemes and projects is being monitored on weekly basis by Secretary, Ministry of Power. Through regular monitoring and coordination with other ministries and state governments Power Ministry is making rapid strides in infrastructure development.
Read Also : Pratibha Aggarwal has joined IRCON as General ManagerNews Must Read
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- DMRC Celebrates 30th Foundation Day at Bharat Mandapam
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April