Delayed BSNL equity infusion, sluggish state transfers drag capex momentum

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Delayed BSNL equity infusion, sluggish state transfers drag capex momentum - Business Standard

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Although below the spending levels of last year, the bulk of capex during the April-October period has been spent by the Ministry of Road Transport and Highways and the Ministry of Railways, with a combined allocation of ~5.24 trillion in 2024-25 (FY25).

The slowdown in central capital expenditure (capex) can largely be attributed to underspending by the Department of Telecommunications (DoT) due to the pending equity infusion into Bharat Sanchar Nigam (BSNL), reduced transfers to states from the Centre, and underutilisation of funds held by the Department of Economic Affairs, according to data from the Controller General of Accounts.