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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..