17.5 C

Coal India’s capital expenditure rises 33% to Rs 7,027 crore in Apr-Sep

Must read


Ltd on Wednesday said its grew 33 per cent to Rs 7,027 crore in April-September FY23 as compared to the year-ago period.

The company’s in the year-ago period stood at Rs 5,300 crore.

The two coal evacuation infrastructure heads – setting up of coal handling plants (CHP)/silos and railways lines – together accounted for 36 per cent or Rs 2,547 crore of the total in the period under review, said in a statement.

push is essential for long-term growth prospects. To align the increasing production with robust transportation logistics, is fast-tracking the development of its coal evacuation system. This would help in handling the seamless movement of coal in future,” a senior executive of the PSU said.

Construction of CHPs/silos under first mile connectivity was the major capex head at Rs 1,489 crore during the six-month period of FY23, as compared to Rs 614 crore a year ago.

This affirms the company’s intention to put in place a strong coal transportation infrastructure to move more quantities of the dry fuel in the days ahead.

Most of the expenditure was incurred by CIL’s three subsidiaries MCL, NCL and SECL.

accounts for over 80 per cent of domestic coal output.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Source link

- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article