Coal PSUs achieve 95.8 pc of annual capex target as on January 2024

New Delhi [India], February 21 (ANI): State-owned companies operating in the coal sector have made capital expenditure spending worth Rs 20,153 crore as of January 2023-24, marking 95.83 per cent achievement of the annual target.

The Ministry of Coal's capital expenditure target for 2023-24 is Rs 21,030 crore.

A capital expenditure, or capex, is used to set up long-term physical or fixed assets.

During the current fiscal