Govt investment in heavy industry firms halved to ₹437 crore

In the 2018 Budget, the government has halved investments in state-run firms under the Ministry of Heavy Industries to ₹437 crore for next fiscal from ₹883 crore in 2017-18. The original 2017-18 estimate for the current fiscal was also revised to ₹374 crore. Notably, the expenditure budget for BHEL has been slashed by nearly 40% to ₹225 crore in 2018-19.