CIL lines up Rs 10,000 crore capex for 2020-21

The world’s largest coal miner CILNSE -4.20 % 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.