Coal India Limited revises 2020-21 capex by 30 per cent

Coal India Limited (CIL) has increased its capital expenditure (capex) budget for the ongoing fiscal by an additional Rs 30 billion, revising it to Rs 130 billion. ….

Of the additional capex budget, South Eastern Coalfields Limited accounts for Rs 8 billion, followed by CIL headquarters with Rs 5.85 billion, Mahanadi Coalfields Limited with Rs 5.50 billion and Central Coalfields Limited (CCL) at Rs 4.60 billion. The enhanced part of the capex would be mainly used to acquire land, procure heavy earthmoving machinery, upgrade rail evacuation infrastructure and develop mines. CIL had posted a 166 per cent rise in its capex during the first nine months of the current fiscal at Rs 78.01 billion compared to Rs 29.30 billion capex registered during the April-December period of 2019-20.

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