CIL meets only 30% capex plan amid coal shortage


CIL meets only 30% capex plan amid coal shortage

While the country is being forced to import coal and domestic power plants run on low stocks, Coal India Ltd (CIL) has been able to spend just 30% of its capital expenditure plans for the year till November, report submitted by the company to the coal ministry shows.

According to a disclosure made to the government, the state-run mining giant, which controls most of country’s domestic supplies, could spend just Rs 2,934.42 crore on its capital expenditure in the eight-month period till November of the current fiscal.

This, as per government’s own calculation, is just 30.89% of its total capital expenditure of Rs 9,500 crore Read More

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