Coal India’s capex grows 12% to Rs 14,834 crore in FY22

14 Apr 2022 CW Team

Coal India Limited (CIL) told the media that its capital expenditure (capex) witnessed a 12% growth to Rs 14,834 crore in FY22. Its capital expenditure stood at Rs 13,284 crore in FY21.

According to a statement, CIL's FY21 capex doubled in a year from that of Rs 6,270 crore in FY20. It means FY22 capex growth came on the back of a strong base.

The capex growth of CIL was to boost the output growth and align it with evacuation outlets.

Most of the capital expenditure was on land, procurement of heavy earthmoving machinery, setting up coal handling plants (CHP), silos and creating rail infrastructure for coal transportation.

Land and heavy earth moving machinery (HEMM) accounted for 40% of the total capex at Rs 5,867 crore, and capital expenditure under land stood at Rs 3,262 crore in 2021-22.

Land acquisition is crucial for CIL to augment its output from opencast (OC) mines. Land procured for two projects, Searmal and Talcher of Mahanadi Coalfields Limited (MCL), would help the Public Sector Undertaking (PSU) further expand its mining operations.

The centralised procurement of HEMM for CIL subsidiaries, including Eastern Coalfields Limited (ECL), Northern Coalfields Limited (NCL) and South Eastern Coalfields Limited (SECL), amounted to Rs 2,605 crore.

The company has planned to replace the old fleet with modern equipment to be deployed in OC mines, especially in SECL and NCL ramp up output production.

The other crucial capex expenditure, at Rs 2,322 crore, was for setting up coal handling plants or silos, with a major share taken up by NCL, SECL and Mahanadi Coalfields Limited (MCL).

Strengthening the evacuation infrastructure through rail sidings and corridors accounted for Rs 2,307 crore of the total capex.

CIL accounts for more than 80% of the domestic coal output.

Image Source

Also read: CIL offered 160.5 mt till Feb under e-auction of coal

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..