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Barring PowerGrid, total investments by power PSUs to rise 19% to Rs 60,000 cr in FY22
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Barring PowerGrid, total investments by power PSUs to rise 19% to Rs 60,000 cr in FY22PTI
Last Updated: Feb 01, 2021, 06:43 PM IST
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Synopsis
REC Ltd witnessed highest increase of over 69 per cent in investment to Rs 9,300 crore crore, against Rs 5,500 crore budget estimates for 2020-21. This investment figure was not revised, according to the Budget document presented in Parliament on Monday.
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New Delhi: The government has increased total investments by eight state-owned power companies, including REC Ltd, by over 19 per cent to Rs 59,990.52 crore for 2021-22. This compares to revised estimate of Rs 50,311.03 crore for the current financial year.