Coal India’s (CIL) capital expenditure stood at Rs 5,023 crore in the first six months of the 2020-21 financial year. The CAPEX utilization in April-September was at an all-time high of 118 percent in the first half of any fiscal. This is a historic high in Capex utilization as CIL has not exceeded 30 percent target utilization in the first half of a fiscal so far. The previous three year average of H1 Capex utilization has been around 20 percent.
CIL during April-September clocked a robust CAPEX growth of 242 percent compared to Rs 1,467 crore in April-September period of the previous fiscal.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
