POWER

Power, infrastructure get most of government investment in Gujrat

Power and infrastructure sectors in Gujarat have received a major thrust when it comes to investments made by the state government in state public sector undertakings (SPSUs), states Comptroller and Auditor General of India (CAG)’s report on the public sector undertakings for the year ended March 2019.

Gujarat government’s total investments in its 87 SPSUs stood at Rs 2.49 lakh crore as on March 31, 2019. Of the total SPSUs, 16 are inactive. “The thrust of SPSUs investment was mainly in the power and infrastructure sector as the percentage share of investment in infrastructure sector to total investment was 35.8% (Rs 89,499 crore) in 2018-19 as compared to 32.4% in 2014-15,” said the report, which was tabled in the state assembly on Friday.

The share of power sector in total investment was 42.7% (Over Rs 1 lakh crore) in 2018-19, which increased from 42% in 2018-19.

Source
ET Energy World
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