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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