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Union Steel Minister reviews capital expenditure of Steel CPSEs

10 Dec 2021 Evaluate

Emphasizing the utmost importance of timely completion of project works, the Union Steel Minister, Ram Chandra Prasad Singh has reviewed the progress of capital expenditure (CAPEX) by Steel CPSEs (Central Public Sector Enterprises) against their annual target of Rs 13,300 crore for the year 2021-22.

Minister advised setting daily targets and close monitoring for time bound project implementation. This achievement of targets shall motivate the work force, enhance India’s steel production and spur higher growth. He directed CMDs to redouble efforts to ensure that there are no slippages in milestones for achieving the project targets for the year 2021-22.

Besides, the Steel Minister reviewed the capital expenditure done till November in FY 2021-22, by PSUs. Singh advised the CMDs to plan for the remaining period of Fin Year on a daily basis to meet the shortfall in target achievement.

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