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Coal PSUs achieve 95.83% of Annual CAPEX Target by Jan ’24

By IndianMandarins- 22 Feb 2024
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New Delhi (22.02.2024): Coal PSUs have been at the forefront to assist and contribute in transforming Indian economy with the help of CAPEX. Over the past few years, Coal CPSEs have been over achieving the CAPEX Target. CIL & NLCIL achieved 104.88 per cent & 123.33 per cent, respectively of their target in FY 2021-22. Similar performance was repeated in FY 2022-23 where both Coal CPSEs achieving around 113 per cent of its target.
The Ministry of Coal's CAPEX target for 2023-24 is 21,030 crore and by January 2024, Rs 20,153 crore target have already been achieved marking 95.83 per cent progress towards the annual goal. Navigating through the fiscal year of 2023-24, both CIL and NLCIL are on track to exceed their CAPEX targets once again. With major CAPEX investments materializing in the last two months of the fiscal year, it is anticipated that both CIL and NLCIL will exceed their annual CAPEX targets, further bolstering India's economic growth trajectory.

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