New Delhi: Large public-sector companies have spent a little over Rs50,200 crore towards capital expenditure in April FY25 alone, which is 6.46 per cent of their full fiscal target of Rs7.77 lakh crore, an official said. The pace albeit is slower than Rs54,177crorecapex spent in April FY24, about 7.3 per cent of the full year budget target of Rs7.42 lakh crore.

“The capex spending will pick up going forward. Also, the numbers for April are still provisional and will go up in the revised final numbers,” the official told. The capital expenditure during the first month of 2024-25 fiscal was driven by railways, road, and oil and gas sectors. The Indian Railways and sector PSUs spent Rs26,641 crore in April, followed by National Highways Authority of India (NHAI) at Rs6,645 crore.

Among oil and gas sector PSUs, ONGC incurred capex of Rs2,318crore, Indian Oil Corporation (IOC) Rs2,423 crore in the first month of the current financial year.