Coal India’s capex rises 65% to Rs 3,034 crore in June quater of FY23
Coal India on Monday said its capital expenditure increased 64.8 per cent to Rs 3,034 crore in June quarter 2022-23, driven by strong spend in acquiring land and strengthening transport infrastructure in its coalfields under first-mile connectivity projects.
Coal India’s capital expenditure was Rs 1,841 crore in April-June period of last financial year.
“Sustaining its growth in capital expenditure (capex) for the ninth quarter on the trot, Coal India Ltd (CIL) achieved a sturdy 65 per cent growth in the first quarter FY23 over comparable quarter last year,” it said in a statement.
