Coal India incurs record Rs 13,115 crore capex in FY21

By Indiatimes4 days ago

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NEW DELHI: Coal India Ltd (

CIL

) incurred its highest ever capital expenditure of Rs 13,115 crore in the last financial year, a 109% rise compared to the previous year's capex of Rs 6,270 crore.

The rise in capex comes at a time when the Centre has advised CPSEs of the country to scale up their expenditure to boost the economy amid Covid slump, a company executive said.

CILs original sanctioned capex budget was Rs 10,000 crore for FY21. The government had later revised the target to 130% for the company to be evaluated as excellent under this specific parameter in MoU rating.

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