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Coal India capex doubles to Rs 13k cr in FY'21

Coal India capex doubles to Rs 13k cr in FY’21
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Coal India capex doubles to Rs 13k cr in FY’21
TNN / Apr 9, 2021, 06:46 IST
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Kolkata: Maharatna PSU Coal India (CIL) has more than doubled its capital expenditure to Rs 13,115 crore in FY’21 compared to its previous fiscal. Against the capex of Rs 6,270 crore in FY’20 the company clocked 109% growth amid the Covid slump.
“CIL has never registered such a capex growth. This comes at a time when the Centre has advised CPSEs (Central Public Sector Enterprises) of the country to scale up their expenditure to boost the economy. This also marks the state-owned Maharatna coal miner’s all-time high capital expenditure, breaching the ramped up capex target of Rs 13,000 crore, achieving 101% of the revised target,” the company has said. ....

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Coal India records all-time high capex of Rs 13,115 cr in FY'21 | Hellenic Shipping News Worldwide

Coal India records all-time high capex of Rs 13,115 cr in FY’21
Coal India on Thursday said its capital expenditure (capex) grew more than two-folds to hit an all-time high of Rs 13,115 crore in the just concluded fiscal.
CIL’s original sanctioned capex budget was Rs 10,000 crore for FY’21.
”Coal India Ltd (CIL) more than doubled its capital expenditure to an unprecedented high of Rs 13,115 crore in FY’21…. Against the capex of Rs 6,270 crore in FY’20, the company clocked 109 per cent growth amid the Covid slump,” the company said in a statement.
This comes at a time when the Centre had advised CPSEs of the country to scale up their expenditure to boost the economy. ....

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Coal India achieves capex growth of 109 per cent in FY21 - The Hindu BusinessLine

Coal India achieves capex growth of 109 per cent in FY21
April 08, 2021
The growth in capital expenditure comes amid the Covid slump.
Following the central government’s directive to increase capital expenditure to boost the economy and backed by investments in heavy earthmoving machinery and land, Coal India Ltd (CIL) registered around 109 per cent growth in capex in FY-21.
The state-owned miner entailed a total capital expenditure of ₹13,115 crore in 2020-21, compared with ₹6,270 crore during the previous fiscal.
The growth in capex comes amid the Covid slump and at a time when the centre had advised CPSEs of the country to scale up their expenditure to boost the economy, said a press statement issued by the company. ....

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

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.
CIL’s 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.
“The entire capital expenditure was funded through internal resources. Capex growth during all the four quarters of FY21 was significantly higher compared to previous year. Progressive upto December 2020 also, our capex utilisation was more than what was mandated by the Ministry of Coal,” said a senior official of the company. ....

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Coal India records all-time high capex of Rs 13,115 crore in FY'21

CIL s original sanctioned capex budget was Rs 10,000 crore for FY 21.
Coal India Ltd (CIL) more than doubled its capital expenditure to an unprecedented high of Rs 13,115 crore in FY 21.. Against the capex of Rs 6,270 crore in FY 20, the company clocked 109 per cent growth amid the Covid slump, the company said in a statement.
This comes at a time when the Centre had advised CPSEs of the country to scale up their expenditure to boost the economy.
The entire capital expenditure was funded through internal resources. Capex growth during all the four quarters of FY 21 was significantly higher compared to previous year., CIL said in a statement. ....

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