01-01-1970 12:00 AM | Source: Accord Fintech
Power Ministry invests Rs 35,628.6 crore in infrastructure development till November in this fiscal year
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The ministry of power said that it has invested Rs 35,628.6 crore in infrastructure development up till November in this Financial Year (FY) 2021-22. For the Financial Year 2021-22 the target for Capital Expenditure (Capex) of the Central Public Sector Enterprises (CPSEs) of the Ministry of Power is Rs 50,690.52 crore.

During FY 2020-21, power sector CPSEs incurred a CAPEX of Rs 22,127 crore till the month of November which was 49.3 per cent of the total expenditure for that FY.  The ministry said ‘Thus, the CAPEX performance of the Ministry in absolute as well as relative terms is better compared to the previous year. In absolute terms, it has shown a growth of 45% over last year's performance.’

Even in the schemes for infrastructure development, the ministry has been making good progress. It has spent Rs 1593.72 crore in IPDS, Rs 1007.51 crore in DDUGJY and Rs 890 crore in Transmission Development schemes for the North-Eastern region. It added the progress of the schemes and projects is being monitored on weekly basis by the Secretary, Ministry of Power. Through regular monitoring and coordination with other ministries and state governments, Power Ministry is making rapid strides in infrastructure development.