CIL notes capex worth Rs 10,717 cr in Apr-Dec with 37% growth
COAL & MINING

CIL notes capex worth Rs 10,717 cr in Apr-Dec with 37% growth

Coal India Limited (CIL) told the media that the company incurred capital expenditure (capex) worth Rs 10,717 crore during the April-December period, with 37.4% year-on-year (YoY) growth.

According to a statement, the capex of CIL was Rs 7,801 crore in FY22. The capex spend during April-December marks 86.3% of progressive target achievement.

The three main heads, including land acquisition, procuring heavy earth moving machinery (HEMM) and joint ventures (JVs) of Hindustan Urvarak Rasayan Limited and Talcher Fertilisers Limited at Rs 5,786 crore, constituted 54% of the total capex in FY22.

Other main heads are the construction of coal handling plants, silos with Rs 1,344 crore, and rail sidings and rail corridors at Rs 1,785 crore, constituting 29% of the total capex during the initial nine months of FY.

The company aims to increase its evacuation capacity via rail by an additional 330 million tonnes per annum (mtpa) by FY24 through strengthening its railway infrastructure.

It will replace its old machinery with advanced technology high capacity HEMM fleet of various types and sizes, which has been speeding up the process in recent times.

According to a statement, the company's major coal is produced in opencast coal mines. These machines will help in removing overburden and increase coal output.

Image Source

Coal India Limited (CIL) told the media that the company incurred capital expenditure (capex) worth Rs 10,717 crore during the April-December period, with 37.4% year-on-year (YoY) growth. According to a statement, the capex of CIL was Rs 7,801 crore in FY22. The capex spend during April-December marks 86.3% of progressive target achievement. The three main heads, including land acquisition, procuring heavy earth moving machinery (HEMM) and joint ventures (JVs) of Hindustan Urvarak Rasayan Limited and Talcher Fertilisers Limited at Rs 5,786 crore, constituted 54% of the total capex in FY22. Other main heads are the construction of coal handling plants, silos with Rs 1,344 crore, and rail sidings and rail corridors at Rs 1,785 crore, constituting 29% of the total capex during the initial nine months of FY. The company aims to increase its evacuation capacity via rail by an additional 330 million tonnes per annum (mtpa) by FY24 through strengthening its railway infrastructure. It will replace its old machinery with advanced technology high capacity HEMM fleet of various types and sizes, which has been speeding up the process in recent times. According to a statement, the company's major coal is produced in opencast coal mines. These machines will help in removing overburden and increase coal output. Image Source

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code