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Coal India aiming at Rs 40,000-50,000 crore capex in 4-5 years

25 Nov 2021 Evaluate

Coal India is aiming at investing Rs 40,000-50,000 crore as capital expenditure (capex) in the next 4-5 years. The Company has spent Rs 7,000 crore capex so far and its Rs 17,000-crore target for the current fiscal is on track.  Most of the incremental capex will go into coal production and evacuation.

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.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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