NEW DELHI: State-owned Coal India on Tuesday said its capital expenditure was at Rs 5,023 crore in the first six months of 2020-21 financial year.
The capex utilisation in April-September was at an all-time high of 118 per cent in the first half of any fiscal, the PSU said in a statement.
“Coal India’s (CIL) capital expenditure at Rs 5,023 crore ending first half of the ongoing fiscal capped an all-time high of 118 per cent utilisation against the provisioned target of Rs 4,247 crore,” the PSU said in a statement.
“This is a historic high in capex utilisation as CIL has not exceeded 30 per cent target utilisation in the first half of a fiscal so far. The previous three year average of H1 capex utilisation has been around 20 per cent,” a senior official of the company said.
