Govt marginally reduces investments by seven power PSUs to Rs 44,468 crore

The government has marginally reduced total investments by seven state-owned power companies, including Power Grid Corporation, by 0.5 per cent to Rs 44,468.65 crore for 2020-21. This compares with revised estimate of Rs 44,693.34 crore for the ongoing financial year.

The highest reduction of 30 per cent in investment is done for Power Grid to Rs 10,500 crore compared with Rs 15,000 crore as Budget Estimate (BE) for 2019-20. This investment figure was not revised, according to the Budget document presented in Parliament on Saturday.

In case of NTPC, investment for 2020-21 was increased to Rs 21,000 crore from Rs 20,000 crore BE for 2019-20.