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CIL Announces INR 10000 Crore CAPEX for 2020-21

Coal News - Published on Fri, 10 Jul 2020

Image Source: CIL CAPEX
Indian state owned coal giant Coal India Limited has lined up INR 10,000 crore as capital expenditure for the current financial year. While the plant and machinery portion, including procurement of heavy earth moving machinery, comprises the major share with over INR 3,700 crore for the year, the expenditure on land acquisition and rehabilitation and resettlement involves upwards of INR 1,900 crore. These two heads make up around 57 percent of the overall CAPEX of 2020-21. The balance 43 percent is made up by the expenditure on transportation of coal evacuation, mine development, wagon procurement and others, including solar initiatives, research and development and exploration.

The CAPEX of CIL, at INR 844 crore during the first quarter of the current financial year, crossed the provisioned target of INR 720 crore

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Posted By : Yogender Pancholi on Fri, 10 Jul 2020
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