Coal India lines up Rs 6,900 crore capex in Q4: report
2nd Jan 2020

Coal India (CIL) is reportedly going to spend nearly Rs 6,900 crore in acquiring land, heavy mining machinery, wagons and on-mine development activities in the current quarter (Q4).

The company has budgeted a total investment of Rs 10,000 crore for current financial year and it spent about Rs 3,100 crore in the first nine months of the fiscal. Till November 2019, it had invested about Rs 2,400 crore, and in December it spent another Rs 700 crore.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.