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Coal Ministry PSUs' Capex Increases 28.33%

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Capex of PSUs under coal ministry have signed up a growth in first nine months of this fiscalNew Delhi: Public sector endeavors (PSUs) under coal ministry have tape-recorded a capital expenditure of Rs 12,605.75 crore in the very first 9 months of the existing fiscal year, a development of 28.33 percent over Rs 9,822.28 crore in the matching duration of in 2015.

The ministry of coal, through its PSU's have signed up 28.33 per cent YoY growth in capex achievement for the duration ending December 2021.

As compared to last year accomplishment of Rs 9822.28 crore for duration upto December 2020, the ministry stated in a statement.The ministry stated the increased capital expenditure gave impetus to the national economy that has actually been badly impacted due to the Covid-19 pandemic.

Coal ministry PSU's have done capex of Rs 12605.75 crore, therefore giving a major inspiration to the COVID struck economy, it said.The capital investment of Rs 12605.75 crore attained throughout April-December 2021 period is 75 per cent of the coal ministry's annual capex target.




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