According to a statement released by the PMO, six central public sector enterprises (CPSEs) had surpassed their first quarter targets.  They are NMDC, PGCIL, NLC, BEL, RINL and HAL.

Besides, 23 CPSEs made capital investments of over Rs 23,000 crore in the first three months of 2013-14.  Terming it as an achievement, PMO said that at the end of the first quarter, (April-June 2013-14), the overall capital investment by all these CPSEs is Rs 23,635 crore, against the target of Rs 25,131 crore.
However, NTPC, SJVNL, Coal India, CONCOR and NPCIL were slack in reaching their targets. The individual CPSEs have assured the PMO that they will exceed the target latest by the third quarter (October-December).

The PMO has been monitoring the capex (capital expenditure) and investment plans of select CPSEs since the last fiscal. The purpose of the exercise was to enhance investment in the economy and utilise CPSEs to drive economic growth. The government added seven more CPSEs to the list of those being monitored in 2013-14. The entire exercise covers major CPSEs that have substantial cash surpluses.