Business · Companies · 4 hrs ago
State-owned firms spend nearly 60% of FY27 investment target
India’s 63 tracked central public sector enterprises spent about ₹5.03 trillion on capital projects from April to October, the first seven months of FY27.
That was nearly 60% of their ₹8.43 trillion full-year target, slightly ahead of the 59% reached in the same period a year earlier.
Their spending rose nearly 13% from a year earlier, while October spending was up nearly 26% to ₹73,311.25 crore.
The Railway Board and the National Highways Authority of India were among the biggest spenders, and several state-owned power and oil companies also made substantial investments.
Public investment is part of India’s strategy to support growth and encourage private investment, alongside the Centre’s own capital spending.
The tracked enterprises still need to spend the remainder of their target during the rest of FY27.
Central public sector enterprises spent around ₹5.03 trillion on capital expenditure during April-October, nearly 60 per cent of their FY27 target of ₹8.43 trillion.
Spending by 63 tracked enterprises rose nearly 13 per cent year-on-year.
In October alone, their capital expenditure was ₹73,311.25 crore, up nearly 26 per cent from a year earlier.
The Railway Board and National Highways Authority of India were among the largest spenders in the first six months of FY27.
The Centre and public enterprises use capital spending as part of India’s investment-led growth strategy.
- Who
- 63 central public sector enterprises tracked by the Department of Public Enterprises.
- What
- They spent around ₹5.03 trillion on capital expenditure, nearly 60 per cent of their FY27 target.
- When
- April-October of FY27.
- Where
- India.
- Why
- Public capital expenditure is part of India’s investment-led growth strategy, with government spending aimed at encouraging private investment.
This story does not have two clearly opposing sides.
The 63 tracked enterprises spent around ₹5.03 trillion, nearly 60 per cent of their annual target.
CPSE capital expenditure reached ₹73,311.25 crore, up nearly 26 per cent year-on-year.
- Annual CPSE target
- ₹8.43 trillion for FY27
- April-October spending
- Around ₹5.03 trillion
- Enterprises tracked
- 63
- Year-on-year spending growth
- Nearly 13 per cent during April-October
- October spending
- ₹73,311.25 crore, up nearly 26 per cent year-on-year