Railway Minister Suresh Prabhu asked all PSUs under the ministry to undertake more rail projects, while ensuring best practices in tendering process and transparency in their functioning.
The Prime MinisterÂ’s Office has been monitoring the Capital expenditure (CAPEX) and investment plans of selected Central Public Sector Enterprises (CPSEs) since FY 12-13. The purpose of this exercise was to enhance investment in the economy and use CPSEs to drive economic growth.
Minister of heavy Industries and Public Enterprises Praful Patel informed Lok Sabha that Central Public Sector Enterprises (CPSEs) have Rs 284,153.22 crore cash and bank balances at present. Further, it is learnt that 17 state-run firms, including, ONGC, OIL and NTPC, committed to invest over Rs 1.63 lakh crore during 2012-13