CPSE capex hits 73.6% of FY26 target by December

ACHIEVEMENT SIGNALS STEADY PROGRESS IN PROJECT EXECUTION

- PRASANTA SAHU

CAPITAL EXPENDITURE BY central public sector enterprises (CPSEs) and other state-run agencies like Indian Railways and the National Highways Authority of India reached ₹5.8 lakh crore during April-December, achieving 73.6% of the full-year target, signalling steady progress in project execution and fund deployment.

This performance marks a modest improvement over the corresponding period last year, when spending stood at ₹5.7 lakh crore, or 72.5% of the annual target in the year-ago period. The overall achievement is 73.6% of the annual target in the first nine months of FY26 compared with 72.5% of the relevant annual target in the year-ago period.

The average monthly capex is in the order of ₹64,000 crore, slightly below FY25’s full-year monthly average of around ₹67,000 crore.