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
Infrastructure Urban

Telangana High Court Allows Metro Phase II Land Acquisition

The Telangana High Court vacated its interim order restraining land acquisition for the Phase II Metro Rail Project and permitted authorities to proceed with work on the Mahatma Gandhi Bus Station (MGBS) to Chandrayanagutta stretch, subject to strict compliance with law. Justice NV Shravan Kumar allowed an interlocutory application by the state and other authorities and set aside the interim order dated 10 January 2025 in the writ petition by Mahammed Abdul Raoof and seven others. The decision balanced project continuity with protection of legal rights pending final adjudication. The petitione..

Next Story
Infrastructure Urban

CAG Flags Planning And Land Acquisition Issues In Bangalore Metro

The Comptroller and Auditor General of India (CAG) presented a performance audit on implementation of Phase one and Phase two of the Bangalore Metro Rail Project by Bangalore Metro Rail Corporation Limited (BMRCL). The report defines monetary units as million (mn) and billion (bn) and outlines deficiencies in planning and execution. Commercial operations of Phase one began from October 2011 and became fully operational in June 2017 over 42.30 kilometres. Phase two ran partly between January 2021 and March 2023 over 27.36 kilometres, with the balance planned for completion by December 2026. The..

Next Story
Infrastructure Urban

Baramati Airport in Maharashtra to Get Rs 1 bn Makeover

The state government is finalising a Rs 1 bn overhaul of the small uncontrolled Baramati airport, six months after the crash that killed deputy chief minister Ajit Pawar. The Maharashtra Airport Development Company (MADC) cleared the proposal and final approval is awaited from a committee led by the state chief secretary after the Maharashtra Industrial Development Corporation handed the airstrip to MADC in July 2025. Built in the mid?1990s by then chief minister Sharad Pawar, the 1,600 m x 30 m runway remained neglected. The airstrip lacks a perimeter fence and was used mainly by the Pawar fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement