New Delhi: State-run Coal India Limited (CIL) incurred capital expenditure of ₹7,966 crore during the first half of the current financial year — yaani about ₹79.66 billion — registering growth of 27 per cent over the ₹6,283 crore spent in the corresponding period last year, the company said in a stock exchange filing on Tuesday.
Source: The Hindu BusinessLine
The expenditure surpassed the H1 FY27 target of ₹7,286 crore, achieving 109 per cent of the planned outlay for the period and over 48 per cent of the annual capex target of ₹16,500 crore. “The robust capex performance underscores the company's continued focus on strengthening mining infrastructure, acquiring land, procuring heavy earth moving machinery (HEMM) and advancing diversification projects,” the company said.
Source: The Hindu BusinessLine
Mine infrastructure development was the largest area of investment at ₹2,152 crore, covering railway sidings and corridors, coal handling plants, silos and weighbridges to strengthen coal evacuation. Land acquisition accounted for ₹2,033 crore, while over ₹1,000 crore went into mine development to support expansion and the operational readiness of mining projects.
Source: EquityBulls
Capital expenditure under the plant and machinery segment stood at ₹1,394 crore, including ₹452 crore spent on procuring heavy earth moving machinery. Coal India also invested over ₹739 crore in diversification projects spanning solar energy, critical minerals, coal gasification and thermal power generation.
Source: EquityBulls
The company said the strategic investments are expected to strengthen its operational capabilities and support its production and supply targets for the ongoing financial year. Investors are expected to focus on the capex push when Coal India releases its quarterly earnings later this week.
Source: Upstox