Coal India (CIL) on Tuesday announced that its capital expenditure increased by Rs 741 crore in eight months ending November FY24 to Rs 10,492 crore. This is 7.6 per cent higher in comparison to Rs 9,751 crore during the corresponding period last year, it said in a regulatory filing.
“We are striving to achieve around 80 per cent of the current financial year’s total targeted capex of Rs 16,500 crore by the third quarter ending December,” said a senior executive of the company.
CIL’s focus on strengthening coal evacuation infrastructure in its mining areas saw the capex under the three heads going up to Rs 3,247 crore, representing 31 per cent of the entire capex, till November 2023.
