Coal India Ltd.

Coal India has already spent over Rs 8,000 crore as capital expenditure (capex) till December 2020 in the current fiscal, and is looking to meet a revised target of Rs 13,000 crore of such expense by the end of FY21. The capital expenditure target for the financial year 2020-21 was initially set at Rs 10,000 crore.

The spending was made for procuring heavy earth-moving machinery, setting up railway lines, development of sidings, exploration works and investments in joint ventures. The major challenge for Coal India for accelerating capital expenditure has been the cash-flow issues.

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.