Coal India expects its capital spend in 2023-24 to surpass the target of Rs 16,500 crore as mining activity gains momentum post-monsoon.
The government-owned miner’s capex spend was Rs 10,942 crore at the end of November 2023, 7.6 per cent higher than Rs 9,751 crore in the corresponding period of the previous year.
“We are striving to achieve around 80 per cent of the current financial year’s target capex by the third quarter ending December,” said a senior executive of the company.
