Coal PSUs surpass CAPEX target for FY'24

New Delhi: Coal PSU’s under the administrative control of Ministry of Coal have been at the forefront of doing CAPEX to assist and contribute in transforming Indian economy. Over the past few year Coal CPSE has been over achieving the CAPEX Target.

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CAPEX is one of the crucial components of the economic dynamics, which has a multiplier and trickle-down impact on the overall economy boosting consumption, demand and spurs industrial growth, creates employment and long-lasting infrastructure from which durable benefits accrue to the country over a long period of time.

In FY 2021-22, Coal PSU’s had achieved 104.86 percent their target. Similar performance was repeated in FY 2022-23 where coal PSUs achieved around 109.24 percent of its target. There has been consistent YoY growth of 16.52 percent, 12.48 percent and 19.05 percent in CAPEX by Coal PSU’s over FY 2020-21, FY 2021-22 and FY 2022-23 respectively.

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