Cracking a whip on beleaguered state-run power sector companies, the government has reduced planned investment by seven such companies including NTPC and Power Grid Corporation by 23 per cent to Rs 43,667.05 crore for FY20, compared with the revised estimate of Rs 56,742.49 crore for the previous financial year.
While Power Grid Corporation is faced with a stiff cut in the investments of nearly 48 per cent to Rs 15,000 crore for FY20 compared with Rs 28,487.53 crore revised estimates for FY19, in the case of NTPC, the investment has been reduced to Rs 20,000 crore from Rs 22,300 crore for FY19. The investments of Power Grid had been budgeted at Rs 25,000 crore for 2018-19, according to the Budget document presented on Friday to Parliament
