Large CPSEs spent 85% of capex target by February: Finance Ministry

By comparison, CPSEs had exhausted only 79.28% of the Rs 5.95-trillion target during the same period in the previous fiscal year

The capital expenditure (capex) by large central public sector enterprises (CPSEs) with a target of Rs 100 crore or more touched 85 per cent of the annual Revised Estimates (RE) target of Rs 6.46 trillion during the first 11 months of 2022-23 (FY23), revealed sources.

The capex by large CPSEs with a target of Rs 100 crore or more touched 85 per cent of the annual RE target of Rs 6.46 trillion during the first 11 months of FY23, informed finance ministry sources.  

The capex target covers 54 CPSEs and five departmental arms.

By comparison, CPSEs had exhausted only 79.28