Power CPSEs Capex rises 47% to ₹40k crore in April-December
The Hindu
CPSEs have also collectively met 80% of the Capex target of FY 2021-22
The power ministry on January 6 said the state-owned firms (CPSEs) under it have incurred capital expenditure of ₹40,395.34 crore during April-December 2021, which is 47% higher year-on-year.
"CPSEs under Ministry of Power have incurred capital expenditure (Capex) of ₹40,395.34 crore till the month of December during FY 2021-22. This is 47% higher than the expenditure incurred during the corresponding period of FY 2020-21, a power ministry statement said.
Thus, the Capex performance of the ministry is significantly better compared to the previous year, it stated.
Vodafone sells stake in Indus Towers for ₹2,800 crore, uses proceeds to clear lenders dues and increase Vi shareholding.
SpiceJet to unground 10 more aircraft by mid April after raising funds, growing active fleet size to 28.
UN report projects Indian economy to grow by 6.6% in 2025, driven by private consumption and investment, with strong export growth.
Supreme Court halts ₹1 lakh crore GST notices to online gaming companies and casinos for alleged tax evasion.
Punjab Government rejects Centre's draft policy on agricultural marketing, citing concerns over private markets and MSP procurement.
CEAMA urges tariff reductions, PLI scheme expansion, and tax rationalization to boost Indian electronics industry competitiveness.
Sensex and Nifty rebounded but fell due to foreign fund outflows, with TCS leading gainers and FIIs selling off equities.
Adani Group to raise ₹7,148 crore by selling stake in Adani Wilmar, focusing on infrastructure business growth.
India's GDP growth rate decline, official estimates questioned, and economic slowdown analysis by experts and academics.
GrayQuest raises ₹80 crore in Series B funding to enhance technology platform and scale distribution in education ecosystem.
L&T chairman sparks outrage advocating 90-hour work week, reigniting work-life balance debate in India.