Coal India on Monday said its capital expenditure has jumped 65 per cent to Rs 3,034 crore during the April-June quarter of 2022-23 compared with Rs 1,841 crore in the corresponding quarter of the previous year as the public sector mines stepped up coal production to meet growing demand.
Land acquisition costs have accounted for nearly one-fifth of the first quarter’s capex. The PSU spent Rs 608 crore on the acquisition, a 2.3- fold increase from Rs 268 crore spent a year ago.
Capex on the construction of coal handling plants, silos including weighbridges totalled Rs 577 crore during the quarter, a four-fold increase from Rs 141 crore a year ago.
