Coal India’s capital expenditure jumped more than twofold to Rs 1,840 crore in the first quarter (Q1)of FY22 compared to Rs 844 crore in the year-ago quarter, as it continues to step up investments in evacuation infrastructure, land acquisition, and procurement of heavy equipment.
The company has achieved 94 percent of the progressive target of Rs 1,960 crore, set for the April-June quarter of the ongoing fiscal. It has pegged its Capex target at Rs 17,000 crore for FY'22 which is a 28 percent increase over the actual capital expenditure of Rs 13,284 during 2020-21.
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.
