Coal India Eyes Exceeding FY24 Capex Target

Coal India is set to exceed its targeted capital expenditure (capex) for the fiscal year 2023-24, aiming to surpass the goal of Rs 165 billion, according to government sources. This strategic move reflects Coal India's commitment to investing in its operations, infrastructure, and technology to enhance efficiency and meet the growing demands of the coal sector. The government's acknowledgment of Coal India's intent to surpass the capex target underscores the company's proactive approach in driving growth and modernization within the coal industry. The additional investment is expected to contribute to the development and optimization of coal mining and related activities, supporting the nation's energy needs. As Coal India positions itself to exceed the capex target, this initiative aligns with broader efforts to strengthen the coal sector's resilience and sustainability, ensuring a robust foundation for India's energy landscape.