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Coal India's April-December Capex Up 37% At Rs 10,717 Crore

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Coal India's capex has grown during the April-December duration of 2021-22New Delhi: Nation's biggest manufacturer of dry fuel Coal India Limited (CIL) stated on Wednesday that its capex spend throughout the April-December period of existing financial was Rs 10,717 crore, a growth of Rs 37.4 percent on year-on-year basis.The business's capex during the matching period of in 2015 was Rs 7,801 crore, according to a statement issued by CIL.Also its capex invest during the referred duration marks 86.3 per cent of the progressive target achievement.The development has actually come at a time when the government has been exhorting the general public sector entities to step up their yearly capex, the company said.The three major heads - land acquisition, procurement of heavy earth moving machinery and joint endeavors (mainly Hindustan Urvarak Rasayan Limited and Talcher Fertilizers Limited) - at Rs 5,786 crore, accounted for 54 percent of the total capex during April-December period.Among other major heads, building and construction of coal handling plants, silos with Rs 1,344 crore and rail sidings and rail passages at Rs 1,785 crore offseted 29 per cent of CIL's whole capex during the first 9 months of 2021-22.

CIL is focusing on increasing its evacuation capacity through rail mode by an extra 330 million tonnes per year by 2023-24 through strengthening of its rail infrastructure.Mainly released in opencast mines, the major source of the company's coal production, these devices would assist in removal of overburden and ramp up the coal output, the declaration stated.




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