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Business | Coal India reports 27% increase in capex during H1 FY27, surpasses planned outlay
🇮🇳 India · Economy · 4 h ago
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27.10 07:16 UTC
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CIL’s diversification initiatives also saw continued investment, with over ₹739 crore directed towards projects such as solar energy, critical minerals, coal gasification, and thermal power generation.
Land acquisition was another significant area of investment, with CIL spending ₹2,033 crore during the period.
By prioritising infrastructure development and diversification, CIL is well-positioned to meet its production and supply targets for the ongoing financial year, thereby reinforcing its role as a key player in India’s energy sector.
“The robust capex performance underscores the company’s continued focus on strengthening mining infrastructure, acquiring land, procuring heavy earth moving machinery (HEMM) and advancing diversification projects,” it said.
Capital expenditure under the Plant and Machinery (P&M) segment stood at ₹1394 crore.
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