Coal India has set a capital expenditure target of Rs 17,000 crore for the 2021-22 fiscal, which is around Rs 4,000 crore more than its spending last year. This investment includes infusing of Rs 3,000 crore in Hindustan Urvarak and Rasayan (HURL) and Talcher Fertilisers and spending of Rs 1,000-1,500 crore for railway line construction through a joint venture company. The miner is expecting an improvement in cash flow with rising demand for coal and higher realisation from e-auction sales.
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.
