Coal India Ltd.

Sustaining its growth in capital expenditure (capex) for the ninth quarter on the trot, Coal India (CIL) has achieved a sturdy 65% growth in the first quarter FY23 (Q1FY23) over comparable quarter last year. CIL's capex jumped to Rs 3,034 crore during April-June 2022 compared to Rs 1,841 crore of April-June 2021 resulting in a sizeable Rs 1,193 crore volume increase.

The capex increase came on the back of a strong spending in acquiring land and strengthening transport infrastructure in company’s coalfields under first mile connectivity projects. These two vital areas help the company in expanding its mining operations for accelerated production and pairing it with seamless transportation of coal.

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.