India's coal and lignite PSUs have transformed 50,000 hectares of barren land into green forests, absorbing 2.5 million tonnes of CO2 annually, supporting India's NDC targets and combating desertification.

According to data released by the Ministry of Coal, the CAPEX target for the fiscal year 2023-24 was set at 21,030 Crore. However, by February 2024, coal PSUs had already exceeded this target, recording a record CAPEX of Rs. 22,448.24 Crore, equivalent to 106.74% of the annual target. This remarkable feat underscores the efficiency and robustness of India's coal sector.

The remarkable performance of Coal CPSEs (Central Public Sector Enterprises) in surpassing CAPEX targets has been consistent in recent years. In the previous fiscal years of 2021-22 and 2022-23, entities such as Coal India Limited (CIL) and NLC India Limited (NLCIL) surpassed their respective targets by wide margins, achieving 104.88% and 123.33% in FY 21-22 and around 113% in FY 2022-23.