Government Boosts Capital Investment for State-Owned Power Companies

The government has increased its capital investment by nearly 14% for eight state-owned power companies, proposing Rs 67,286.01 crore for the fiscal year. Major investments include Power Grid Corporation and NTPC Ltd, reflecting the government's focus on bolstering the power sector.

The government has committed to nearly a 14% increase in capital investment, amounting to Rs 67,286.01 crore, for eight state-owned power companies this fiscal year. This increment was presented in Tuesday's budget and matches the interim document's proposals.

Power Grid Corporation emerged as a major beneficiary, with a proposed investment of Rs 12,250 crore, a significant rise from the previous Rs 8,800 crore. Other companies like SJVN Ltd and NHPC Ltd also saw notable increases.

The power ministry's total expenditure is slated to rise marginally to Rs 20,502 crore for 2024-25. These investments highlight the government's ongoing commitment to enhancing the power sector's capabilities and infrastructure.