Coal India’s all time high Capex of Rs 13,115 cr more than doubles in FY’21

Coal India Limited (CIL) more than doubled its capital expenditure to an unprecedented high of Rs.13,115 Crores in FY’21 compared its previous year. Against the capex of Rs.6,270 Crores in FY’20 the company clocked 109% growth amid the Covid slump. Never before was such capex growth registered by CIL. This comes at a time when the Centre had advised CPSEs of the country to scale up their expenditure to boost the economy.

This also marks the state owned Maharatna coal miner’s all-time high capital expenditure, breaching the ramped up capex target of Rs.13,000 Crores, achieving 101% of the revised target.