Kolkata: Coal India’s (CIL) capital expenditure (capex) at Rs 5,023 crore in the first half of the ongoing fiscal capped an all-time high of 118% utilisation against the provisioned target of Rs 4,247 crore.
“This is a historic high in capex utilisation as CIL has not exceeded 30% target utilisation in the first half of a fiscal so far. The previous three-year-average of H1 capex utilisation has been around 20%,” said a senior official of the company.
CIL during April-September’20 clocked a capex growth of 242% compared to same period last year. The actual capital expenditure of Rs 5,023 crore in the H1 was up by Rs 3,556 crore against Rs1,467 crore in April-September,19. Actual capex ending Q2 of the current fiscal at Rs 4,179 crore was up by Rs3,165 crore compared to Rs. 1,014 crore same quarter last year logging a 312% growth.
According to officials, in the Q2 as well CIL achieved 118% utilisation breaching the provisioned target of Rs 3,527 crore.
