CIL's subsidiary, NCL reveals its Rs 1,900 crore CapEx for FY2022
COAL & MINING

CIL's subsidiary, NCL reveals its Rs 1,900 crore CapEx for FY2022

Northern Coalfields Ltd (NCL), a subsidiary of Coal India, announced that it budgeted Rs 1,900 crore in capital expenditure (CapEx) for the current fiscal year (FY).

The majority of CapEx in the current FY would be spent on the procurement of heavy earth moving machines (HEMMs), building coal handling units, and land acquisition.

In FY2022, the company increased its CapEx to Rs 1,750 crore, up 7% from the objective of Rs 1,640 crore.

With a total investment of Rs 3,174 crore, NCL is working on nine first mile connectivity (FMC) projects.

These initiatives will replace coal transportation by road with mechanised loading, allowing the corporation to encourage more environmentally friendly mining operations.

Two projects have already been commissioned, with four more on the way this year. These FMC projects will help transport an additional 55 million tonnes (MT) of coal in an environmentally efficient manner after the completion.

In April, the firm produced 10.81 MT of coal, a 26% increase over April 2021. In the previous FY, NCL produced 122.43 MT of coal, while its offtake was 125.66 MT.

NCL accounts for 20% of Coal India's total production. Over 80% of domestic coal production is produced by Coal India.

Image Source

Also read: Motilal Oswal proposes buying Coal India with a target price of Rs 220

Northern Coalfields Ltd (NCL), a subsidiary of Coal India, announced that it budgeted Rs 1,900 crore in capital expenditure (CapEx) for the current fiscal year (FY). The majority of CapEx in the current FY would be spent on the procurement of heavy earth moving machines (HEMMs), building coal handling units, and land acquisition. In FY2022, the company increased its CapEx to Rs 1,750 crore, up 7% from the objective of Rs 1,640 crore. With a total investment of Rs 3,174 crore, NCL is working on nine first mile connectivity (FMC) projects. These initiatives will replace coal transportation by road with mechanised loading, allowing the corporation to encourage more environmentally friendly mining operations. Two projects have already been commissioned, with four more on the way this year. These FMC projects will help transport an additional 55 million tonnes (MT) of coal in an environmentally efficient manner after the completion. In April, the firm produced 10.81 MT of coal, a 26% increase over April 2021. In the previous FY, NCL produced 122.43 MT of coal, while its offtake was 125.66 MT. NCL accounts for 20% of Coal India's total production. Over 80% of domestic coal production is produced by Coal India. Image Source Also read: Motilal Oswal proposes buying Coal India with a target price of Rs 220

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Infrastructure Urban

Delay Analysis in Construction Arbitration

In construction disputes, ‘delay analysis’ is essential for establishing the cause of delay, which in turn determines whether the contractor is entitled to an extension of time and associated costs or whether the employer is justified in imposing liquidated damages. This article enunciates various methods employed in the analysis of construction delays. It provides a detailed overview of the techniques used to identify, quantify and apportion delays among project stakeholders that are critical for the resolution of disputes pertaining to extension of time (EOT) and substantiation of EOT cl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?