Sitharaman reviews capex of seven CPSEs under three key ministries

Combined capital expenditure of the seven PSUs for FY21 is Rs 24,663 crore, down from Rs 25,974 crore last year

Finance Minister Nirmala Sitharaman, on Thursday, reviewed the capital expenditure situation of ministries of Civil Aviation, Railways and Steel, and seven state-owned companies under these ministries, said an official statement.

“This was second meeting in the ongoing series of review meetings that the Finance Minister is conducting with various stakeholders to accelerate the economic growth in the background of Covid-19 pandemic,” the press release stated.

The combined capital expenditure of the seven PSUs under these ministries for FY21 is Rs 24,663 crore, down from Rs 25,974 crore last year. “During Q1 of FY 2019-20, capex was Rs 3,878 crore and that for