Parliamentary Panel Flags Slow Capex in Steel, Mines PSUs

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Parliamentary Panel Flags Slow Capex in Steel, Mines PSUs

Announcement 22 Mar 2025 04:45 PM IST Economic Times

✅ Parliamentary panel raises concerns over slow PSU capex.
✅ Calls for faster investments in steel and mining projects.
✅ Push for modernization, green steel, and infrastructure growth.

India’s Parliamentary Standing Committee on Coal, Mines, and Steel has raised concerns over the slow capital expenditure (capex) of public sector undertakings (PSUs) in the steel and mining sectors. The panel emphasized that delayed spending could impact the country’s infrastructure growth and economic expansion.

Key Findings

The committee observed that several PSUs, including SAIL and NMDC, failed to meet their planned capex targets in FY24.
Underspending on modernization, new projects, and sustainability initiatives could hinder sectoral growth.
The panel urged faster fund utilization to enhance production capacity and global competitiveness.

Recommendations

Streamlining approval processes to ensure timely implementation of projects.
Prioritizing investments in green steel, digitization, and capacity expansion.
Strengthening coordination between ministries to accelerate infrastructure development.

With India’s growing demand for steel and minerals, the committee stressed the need for PSUs to align their capex strategies with national economic goals.

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