State-owned CIL on Tuesday said its capital expenditure registered a growth of 12 per cent to Rs 14,834 crore in FY’22.
Coal India’s capital expenditure was at Rs 13,284 crore in FY’21.
Stating that the capex growth in FY’22 came on the back of a strong base, Coal India (CIL) in a statement said the entire capital expenditure was met through internal accruals.
“CIL’s FY’21 capex doubled in a year from that of Rs 6,270 crore of FY’20. This means, FY’22 capex growth came on the back of a strong base,” the statement said.
The capex boost of Coal India was to catalyse the output growth and align it with evacuation outlets.
