Petroleum central public sector enterprises’ capex rises 25% in April
Early indications of capex performance by the most significant central public sector enterprises (CPSEs) in the energy sector indicate they made good start in 2021-22.
Among them, a dozen CPSEs in the oil and gas sector recorded a capex of Rs 5,610 crore in April, an increase of 25% over Rs 4,475 crore reported in the corresponding month a year ago. These CPSEs achieved 5.4% of their FY22 capex target in April, compared with 4.5% of the respective target in the year-ago month.
These dozen CPSEs have set a capex target of Rs 1,04,620 crore in 2021-22 compared with Rs 98,522 crore targeted in 2020-21. With a constant prodding by the finance minister Nirmala Sitharaman, the provisional actual capex of these CPSEs came in at Rs 1,06,642 crore in 2020-21 or 108% of the target.
