Kolkata: The capital expenditure (capex) of Coal India (CIL) at Rs 844 crore during the first Quarter of the ongoing fiscal breached the provisioned target of Rs 720 crore achieving 117% of the target utilisation.
\nA CIL official said that even amid Covid 19-induced slowdown, the current year\u2019s first quarter capex spend was 4.2% higher compared to the same quarter of the last fiscal. CIL spent Rs 810 crore on its capital expenses in April-June 2019 period. \u201cThough the procurement process of certain equipment was completed execution was delayed due to Covid,\u201d he added.
\nCapex is a key scoring performance parameter in the MoU that CIL signs every year with its administrative ministry \u2014 ministry of coal, said a senior executive of the Company.
\nThe capex utilization of the state owned Mahartana mining monolith received a boost from three of its subsidiaries South Eastern Coalfields (SECL), Northern Coalfields (NCL) and Central Coalfields (CCL) who between them accounted for 81% of the capital expenditure, ending June ’20 Quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kolkata: The capital expenditure (capex) of Coal India (CIL) at Rs 844 crore during the first Quarter of the ongoing fiscal breached the provisioned target of Rs 720 crore achieving 117% of the target utilisation. A CIL official said that even amid Covid 19-induced slowdown, the current year\u2019s first quarter capex spend was 4.2% higher compared to the same quarter of the last fiscal. CIL spent Rs 810 crore on its capital expenses in April-June 2019 period. \u201cThough the procurement process of certain equipment was completed execution was delayed due to Covid,\u201d he added. Capex is a key scoring performance […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222,130,137],"tags":[],"class_list":["post-362533","post","type-post","status-publish","format-standard","hentry","category-coal-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=362533"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362533\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}