Coal PSUs Achieve 95.83% of Annual CAPEX Target
In FY 21-22, CIL & NLCIL had achieved 104.88% & 123.33% respectively of their target. Similar performance was repeated in FY 2022-23 where both Coal CPSEs achieved around 113% of its target.
New Delhi: Coal PSUs under the administrative control of The Ministry of Coal has been at the forefront of doing CAPEX to assist and contribute in transforming Indian economy. Over the past few years, Coal CPSEs has been over achieving the CAPEX Target. In FY 21-22, CIL & NLCIL had achieved 104.88% & 123.33% respectively of their target. Similar performance was repeated in FY 2022-23 where both Coal CPSEs achieved around 113% of its target.
Read Also : ONGC releases statement on incident happened at Uran plant in MaharashtraThe Ministry of Coal's Capex target for 2023-24 is 21,030 Crore. As on January 2024, 20,153 Crore has been achieved, marking 95.83% progress towards the annual goal. As we navigate through the current fiscal year of 2023-24, both CIL and NLCIL are on track to exceed their CAPEX targets yet 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
Read Also : NHPC CMD inaugurated NHPC pavilion at RE Invest 2024CAPEX is one of the crucial parts 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.
Read Also : Engineers Day at NTPC BongaigaonNews Must Read
- Indian Bank raises Rs. 5,000 Crores through issuance of Bonds
- NLCIL plans three fold increase in its total power generation capacity by 2030
- DVC enters into financial collaboration with State Bank of India
- IREDA Signs MoU with SJVN and GMR for 900 MW Hydropower Project in Nepal
- IREDA Signs MoU with SJVN and GMR fo Hydro Project in Nepal
- SJVN CMD visited 1320 MW Buxar Thermal Power Project
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD