Capex plan, capital budget for FY21 pegged at Rs 10,000 crore: Coal India

The world’s largest coal miner CIL on Thursday said it has lined up Rs 10,000 crore as capital expenditure (capex) for the current financial year.

“Subsidiary-wise combined capex plan and capital budget of CIL as whole for FY 2020-21 is pegged at Rs 10,000 crore,” Coal India (CIL) said in a statement.

While the plant and machinery portion, including procurement of heavy earth moving machinery (HEMM), comprises the major share with over Rs 3,700 crore for the year, the expenditure on land acquisition and rehabilitation and resettlement involves upwards of Rs 1,900 crore, it said.

These two heads make up around 57 per cent of the overall capex of 2020-21. The balance 43 per cent is made up by the expenditure on transportation of coal evacuation, mine development, wagon procurement and others, including solar initiatives, research and development and exploration.