{"id":504813,"date":"2022-07-12T11:57:57","date_gmt":"2022-07-12T06:27:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504813"},"modified":"2022-07-12T11:57:57","modified_gmt":"2022-07-12T06:27:57","slug":"coal-indias-capital-expenditure-rises-65-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-indias-capital-expenditure-rises-65-in-q1\/","title":{"rendered":"Coal India\u2019s capital expenditure rises 65% in Q1"},"content":{"rendered":"<p>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\u2019s capital expenditure was Rs 1,841 crore in April-June period of last financial year.<\/p>\n<p>\u201cSustaining 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,\u201d it said in a statement. Land acquisition at Rs 608 crore accounted for nearly one-fifth of the first quarter\u2019s total capex basket. This is close to 2.3 times of Rs 268 crore spent under this head during April-June 2021-22. The expenditure was spread across all the subsidiaries of CIL.<\/p>\n<p>\u201cThe capex increase came on the back of a strong spending in acquiring land and strengthening transport infrastructure in our coalfields under first-mile connectivity (FMC) projects. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s capital expenditure was Rs 1,841 crore in April-June period of last financial year. \u201cSustaining 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,\u201d it said in a statement. Land acquisition at Rs 608 crore accounted [&hellip;]<\/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":[198,130,138],"tags":[],"class_list":["post-504813","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504813","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=504813"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504813\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}