Coal India Limited’s capex utilisation in H1FY21 highest so far

Coal India (CIL) has fast-tracked its capital expenditure in line with the coal ministry’s guidance on accelerating capital expenses to achieve considerable growth within the first half of the current fiscal.

Of the Rs 10,000-crore capex for FY21, CIL has already spent Rs 5,023 crore, which is 118% utilisation of its half-yearly target. The company has surpassed the provisioned target of spending Rs 4,247 crore in the first half, recording an all-time high in capex utilisation.