: 's coal public sector units (PSUs) have surpassed their capital expenditure (CAPEX) targets, achieving a capex of ₹22,448.24 crore, or 106.74% of the annual target for the fiscal year 2023-24 by February, the reportedPune Stock. This marks a continuation of the trend of exceeding capex goals, with the coal PSUs demonstrating consistent year-on-year growth over the past three years.Guoabong Stock
In the fiscal year 2022-23, these units achieved about 109.24% of their capex goal, following increases of 16.52% in 2020-21, 12.48% in 2021-22, and 19.05% in 2022-23. "This sustained growth in investment underscores the coal sector's vital role in fueling India's economic dynamics," the ministry stated.Surat Wealth Management
Additionally, the ministry of coal has significantly outperformed the government's asset monetization initiative, achieving ₹55,148.33 crore against a target of ₹50,118 crore for FY 2023-24 by February. This accomplishment contributes to nearly half of the total monetization under the Government of India’s plan in the past two fiscal years.Mumbai Wealth Management
Procurement through the Government e-Marketplace (GeM) also saw remarkable achievements, with the ministry and its entities leading in procurement among all central ministries and departments. and its subsidiaries were noted as the top performers in GeM procurement among all central public sector enterprises as of March 2, 2024, reaching ₹88,518 crore in FY 2023-24, which is 415% of the target of ₹21,325 crore.
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