Coal India plans to increase spending by 17% to 4,220 crore ($923 million) in the year starting April 1 as the company seeks to expand production. Spending in the next financial year is mainly for increasing plant and machinery, acquiring land for new projects and for paying compensation for forest land.
Coal India will carry forward 6,000 crore earmarked for overseas acquisitions to the next year because the entire amount won’t be used in the remaining two months of the current financial year. The company plans to acquire mines abroad to supply utilities planning to increase power generation capacity by 18% by March 2012.
| Company Name | CMP |
|---|---|
| Coal India | 441.65 |
| NMDC | 88.81 |
| GMDC | 691.40 |
| Sandur Manganese | 213.50 |
| MOIL | 321.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: