Key Points
Coal India Ltds capital expenditure rose by 7.6% on year in the eight months of the ongoing financial year to Rs 10,492 Crores..
We are striving to achieve around 80% of the current financial years total targeted capex of Rs. 16,500 crore by the third quarter ending December, the company said.. CILs coal evacuation infrastructure in its mining areas saw the capex going up to Rs 3,247 crore, representing 31% of the entire capex, till November 2023..
Capex on acquisition of land and related rehabilitation followed at Rs 2,486 crore accounting for almost a quarter of the expenditure during the period...
During three successive financial years till FY23, the capex exceeded the budgeted target, the company said...
Capital expenditure usually surges up in the last quarter and the company hopes to exceed this fiscals target as well, as in previous three years...
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