The Ministry of Coal said that its CPSEs have achieved capex of Rs 12,605.75 crore in the period up to December 2021, compared to Rs 9,822.28 crore year-on-year. That's a capex achievement of 75 per cent of the Ministry's annual target. Meanwhile, Coal India has said its capex jumped two-fold in Q1 of 2021-22.
The government on Wednesday said the Ministry of Coal, through its CPSEs, has registered a 28.33 per cent year-on-year growth in capex achievement at Rs 12,605.75 crore for the period ending December, 2021.
The Ministry of Coal, through its Central Public Sector Enterprises (CPSEs), had registered a capex achievement of Rs 9,822.28 crore for the period up to December, 2020. "As compared to last year's achievement of Rs 9,822.28 crore for the period up to December, 2020, Coal Ministry CPSEs have done capex of Rs 12,605.75 crore, thereby giving a major impetus to the COVID-struck economy," the coal ministry said in a statement.
This capex achievement is also 75 per cent of the Ministry of Coal's annual target, the statement added. Coal India Ltd (CIL) is one of the CPSEs under the coal ministry. CIL had earlier said that its capital expenditure jumped more than two-fold to Rs 1,840 crore in the first quarter of 2021-22, compared to Rs 844 crore in the year-ago quarter.