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
Real Estate

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Next Story
Infrastructure Transport

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Next Story
Infrastructure Urban

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?