Coal India Ltd.

Coal India (CIL) has scaled up its capex to Rs 14,834 crore ending FY22, the highest so far. Going past the MoU target of Rs 14,685 crore this represents 101 per cent achievement. It was for the second consecutive fiscal that the company bettered its capex target, which is a record of its own.

The capex increase was up by a sharp Rs 1550 crore in FY22 compared to Rs 13,284 crore of FY21, registering a near 12% growth. The company’s FY21 capex doubled in a year from that of Rs 6,270 crore of FY20. This means, FY22 capex growth came on the back of a strong base. The entire capex was met through internal accruals.

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.