Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
425.80
2.65 (0.63%)
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Coal India lines up Rs 10,000 crore as capital expenditure for FY21

Date: 10-07-2020

Coal India (CIL) has lined up Rs 10,000 crore as capital expenditure (capex) for the current financial year (FY21). While the plant and machinery portion, including procurement of heavy earth moving machinery (HEMM), comprises the major share with over Rs 3,700 crore for the year, the expenditure on land acquisition and rehabilitation and resettlement involves upwards of Rs 1,900 crore. These two heads make up around 57 percent of the overall capex of 2020-21. The balance 43 percent is made up by the expenditure on transportation of coal evacuation, mine development, wagon procurement and others, including solar initiatives, research and development and exploration.

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.