Coal India Limited (CIL) has set a capital expenditure target of Rs 170 billion for 2021-22, which is around Rs 40 billion more than its capex during last year.
The investment includes infusing of Rs 30 billion in Hindustan Urvarak and Rasayan Limited and Talcher Fertilisers Limited and spending of Rs 10-15 billion for railway line construction through a joint venture company. CIL is expecting an improvement in cash flow with rising demand for coal and higher realisation from e-auction sales.