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

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..