Coal India capex utilisation over ₹8,000cr till Dec, aiming at revised 13,000 crore target

KOLKATA : Despite its cash-flow issues, Coal India Ltd has already spent over ₹8,000 crore as capital expenditure (capex) till December 2020 in the current fiscal, and is looking to meet a revised target of ₹13,000 crore of such expense by the end of FY’21, an official said on Sunday.

The capital expenditure target for the financial year 2020-21 was initially set at ₹10,000 crore, the CIL official said.

The government has instructed the public sector companies to increase their capital expenses to boost the economy which was hit by the COVID-19 pandemic, he said.