Coal India (CIL) becomes the topmost spenders among the PSUs furthering its capex for FY21 to Rs 13,000 crore, up 30%, from its earlier Rs 10,000 crore for the fiscal. This has been done going by the government’s direction to the Central PSUs to step up capital expenditures for stimulating economic activities.
Of the additional Rs 3,000 crore injected into CIL’s capex, South Eastern Coalfields, CIL’s largest subsidiary, accounts for Rs 800 crore. This is followed by Rs 585 crores for the CIL headquarters, with Rs 550 crore for the Mahanadi Coalfields and Rs 460 crores for the Central Coalfields.
