Infrastructure sector PSUs ready to increase investments

SME News, Wednesday, Sep 12, 2012 18:03:11 PM IST

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NEW DELHI: The chiefs of infrastructure sector public sector undertakings (PSUs) met Finance Minister P Chidambaram and assured the ministry to increase investments.

While discussing about future plans, NTPC Chairman and Managing Director Arup Roy Choudhury said that the company is looking to pump in Rs 20,000 crore in the current fiscal and was confident of the capex plan.

The meeting also discussed problems related to project clearances and availability of coal.

BHEL Chairman and Managing Director B Prasada Rao, opined, “Order book at the end of Q1 is at Rs 1.35 lakh crore. Our basic trouble is the various problems plaguing the power sector. Our investments are connected to the power sector. Clearances and also coal linkages continues to be a problem.”

Coal India CMD S Narsing Rao expressed that the company was committed to investing Rs 40,000 crore in 2012-13, provided certain conditions were met.

“Capital investment plan for the current and next Five-Year Plan was discussed. We have a plan for our Rs 25,400 crore (investment) for the current Five-Year Plan, plus another Rs 14,500 crore if certain conditions are made. So that takes us to Rs 40,000 crore total,” Rao said.

SAIL Chairman CS Verma said the steel producer was proposing an investment Rs 45,000 crore in the 12th Five-Year Plan, apart from looking at additional outlay of Rs 10,000 to Rs 12,000 crore.

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