Coal PSUs Driving Economic Transformation Through CAPEX

Coal PSUs Driving Economic Transformation Through CAPEX. Coal Public Sector Undertakings (PSUs) under the administrative control of the Ministry of Coal (MoC) have been instrumental in leading capital expenditure (CAPEX) efforts to assist and contribute to the transformation of the Indian economy. Over the past few years, these Coal CPSEs have consistently surpassed their CAPEX targets, demonstrating their commitment to fostering economic growth.

Coal PSUs Driving Economic Transformation Through CAPEX

Exceeding CAPEX Targets:

• FY 21-22 Achievement: In the financial year 2021-22, Coal PSUs achieved an impressive 104.86% of their CAPEX target. This highlights their dedication and efficiency in executing crucial infrastructure projects and initiatives.
• FY 2022-23 Success: Continuing their trend of excellence, Coal PSUs achieved approximately 109.24% of their CAPEX target in FY 2022-23. This consistent overachievement demonstrates their effectiveness in driving economic progress.

Consistent Year-on-Year Growth:

• Three-Year Growth Trend: Over the last three years, Coal PSUs have shown consistent year-on-year growth in CAPEX. This sustained growth underscores their commitment to continuous investment in infrastructure and development projects.

Key Contributions to Economic Transformation:

1. Infrastructure Development: The CAPEX efforts of Coal PSUs have significantly contributed to the development of critical infrastructure across the country. This includes the construction and maintenance of roads, bridges, ports, and other essential facilities, which are vital for economic growth.
2. Job Creation: The CAPEX initiatives of Coal PSUs have led to the creation of a substantial number of jobs in various sectors. This has helped in reducing unemployment and improving the overall socio-economic landscape of the country.
3. Technology Adoption: Coal PSUs have embraced modern technologies and practices to enhance their operational efficiency and productivity. This technological advancement has not only benefited the PSUs but has also contributed to the overall technological growth of the nation.
4. Environment Conservation: In line with the government’s focus on sustainable development, Coal PSUs have implemented various initiatives to minimize their environmental impact. This includes the adoption of cleaner technologies and practices, as well as investing in renewable energy sources.

Conclusion:

The consistent overachievement of CAPEX targets by Coal PSUs reflects their proactive approach towards driving economic transformation. Their contributions in infrastructure development, job creation, technology adoption, and environmental conservation are commendable and play a crucial role in shaping a robust and sustainable economy for India.