Coal India data all-time excessive capex of Rs 13,115 crore in FY21

NEW DELHI: Coal India on Thursday stated its capital expenditure (capex) grew greater than two-folds to hit an all-time excessive of Rs 13,115 crore within the simply concluded fiscal.
CIL’s authentic sanctioned capex price range was Rs 10,000 crore for FY21.
“Coal India Ltd (CIL) greater than doubled its capital expenditure to an unprecedented excessive of Rs 13,115 crore in FY’21…. In opposition to the capex of Rs 6,270 crore in FY’20, the corporate clocked 109 per cent progress amid the Covid stoop,” the corporate stated in a press release.
This comes at a time when the Centre had suggested CPSEs of the nation to scale up their expenditure to spice up the economic system.
Your entire capital expenditure was funded by inside sources. Capex progress throughout all of the 4 quarters of FY’21 was considerably increased in comparison with earlier yr…,” CIL stated in a press release.
The capex included procurement of heavy earth shifting equipment at Rs 3,453 crore adopted by land at Rs 2,470 crore.
“Capex in joint ventures, in proportion to CIL’s shareholding, like Talcher Fertilizers Ltd and Hindustan Urvarak & Rasayan Restricted accounted for Rs 2,194 crore. CIL’s coal evacuation initiatives which embrace organising coal dealing with vegetation, silos and developing sidings accounted for Rs 1,398 crore. Development of rail corridors and railway traces summed up Rs 1,166 crore, whereas the remainder was made up by completely different different heads,” the corporate stated.

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