CIL aims to invest Rs 8.5K crore in capex in FY’18: Govt


CIL aims to invest Rs 8.5K crore in capex in FY’18: Govt

State-owned CIL is looking at spending Rs 8,500 crore on capital expenditure next fiscal, starting April 1.

“Coal India Ltd (CIL) has kept Capex target of Rs 8,500 crore during 2017-18,” Coal Minister Piyush Goyal said in written reply to the Lok Sabha today.

The PSU has taken various measures for full utilisation of Capex during the next fiscal.

The minister said the materials budget for all the departments concerned is under preparation to expedite the process of procurement.

Source – The Economic Times

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