Coal India plans Rs 17,000 cr capital expenditure target in FY22

17 Aug 2021 CW Team

Coal India Limited (CIL) has established a capex target of Rs 17,000 crore for FY 2021-22. It is nearly over Rs 4,000 crore than its spending the previous year.

The mining and refining firm is expecting an improvement in cash flow with growing demand for coal and important realisation from e-auction purchases.

An official of CIL told the media that the total capex for this year includes infusing Rs 3,000 crore in Talcher Fertilisers Ltd and Hindustan Urvarak and Rasayan Ltd (HURL) and investing Rs 1,000-1,500 crore for railway line construction by a joint venture enterprise.

From its first estimate of Rs 10,000 crore, Coal India amended its capex budget to Rs 13,115 crore for FY 2020-21.

Given the Covid-19 pandemic, the centre had advised Public Sector Undertakings (PSUs) to increase their capital expenditure to drive the economy's growth.

In 2016, Hindustan Urvarak and Rasayan Ltd, including CIL, Indian Oil Corporation Ltd, Fertilizer Corporation of India Ltd (FCIL), NTPC Ltd, and Hindustan Fertilizer Corporation Ltd (HFCL), incorporated as a joint venture entity.

HURL is associated with establishing a natural gas based on a 1.27 mtpa urea plant on the premises of closed fertiliser units of FCIL in Sindri, Jharkhand, Gorakhpur, Uttar Pradesh, and HFCL at Barauni in Bihar.

Image Source

Also read: CIL nods increase in coal evacuation facility charges

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..