Coal India Ltd on Wednesday said its capital expenditure grew 33 per cent to Rs 7,027 crore in April-September FY23 as compared to the year-ago period.
The company’s capex in the year-ago period stood at Rs 5,300 crore.
The two coal evacuation infrastructure heads – setting up of coal handling plants (CHP)/silos and railways lines – together accounted for 36 per cent or Rs 2,547 crore of the total capex in the period under review, CIL said in a statement.
“Capex push is essential for long-term growth prospects. To align the increasing production with robust transportation logistics, CIL is fast-tracking the development of its coal evacuation system.
