Under fire for inadequate budgetary support to the Nuclear Power Corporation of India Limited (NPCIL), resulting in India’s frontline atomic energy utility falling back on its repayment obligations to the Russians for supplies to the Kudankulam nuclear project, Finance Ministry has resorted to a three-fold increase in the allocation for the utility in revised estimates for this fiscal.
As against the budget estimate of Rs 1,665 crore for 2018-19, the revised estimates show an allocation of Rs 4,665 crore under the capital head. The increase in the allocation should largely take care of an estimated funding gap of around Rs 2,870 crore, alongside the spending under the investment head by the utility, a government official involved in the exercise said.
For the next fiscal (2019-20), the allocation for NPCIL under the capital head is Rs 3000 crore. Read More