Coal India’s capex growth zooms twofold to Rs 1,840 crore in Q1
State-owned CIL on Friday said its capital expenditure jumped more than twofold to Rs 1,840 crore in the first quarter of 2021-22 compared to Rs 844 crore in the year-ago quarter.
Coal India in a statement said the capital expenditure rose twofold in the first quarter of FY22 as it continues to step up investments in evacuation infrastructure, land acquisition and procurement of heavy equipment.
CIL has achieved 94 per cent of the progressive target of Rs 1,960 crore, set for April-June quarter of the ongoing fiscal.
Underscoring the intent on strengthening evacuation infrastructure like setting up rail sidings and corridors, coal handling plants, (CHP), silos and haul roads CIL’s capex has risen to Rs 504 crore on this account, the second highest among all capex heads.
