Central Public Sector Enterprises (CPSEs) functioning under the Ministry of Coal increased capital expenditure to ₹12,605.75 crore in the first nine months of the current financial year, posting a growth of 28.33% over ₹9,822.28 crore recorded in the corresponding period of last year, the Ministry of Coal said on Wednesday.
“The Ministry of Coal, through its CPSE’s have registered 28.33% YoY growth in capex achievement for the period ending December 2021. As compared to last year achievement of ₹9,822.28 crore for period upto December 2020,” the Ministry of Coal said in a statement.
The ministry said the increased capital expenditure gave impetus to the national economy that has been badly affected due to the COVID-19 pandemic.
“Coal Ministry CPSE’s have done capex of ₹12,605.75 crore, thereby giving a major impetus to the COVID struck economy,” it said.
The capital expenditure of ₹12,605.75 crore achieved during April-December 2021 period is 75% of the Coal Ministry’s annual capex target.
