Coal India (CIL) has incurred a capex of Rs 10,717 crore in the April-December period of the ongoing fiscal, registering a 37.4 per cent year-on-year growth. The capex of the company during April-December period of the last fiscal was at Rs 7,801 crore. The company’s capex spend during the referred period marks 86.3 percent of the progressive target achievement. The capex scale up comes at a time when the Centre has been exhorting the public sector entities to step up their annual capex.
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.
