Representational imageNEW DELHI: State-owned Coal India Limited (CIL) on Tuesday said its capital expenditure in the June quarter of the ongoing financial year rose 16.6% to Rs 3,399 crore, with land acquisition and related rehabilitation and resettlement expenses accounting for nearly a fourth of the total capex.The company, in a statement, said its capital expenditure during the corresponding period of the previous financial year stood at Rs 2,914 crore. CIL is the world's largest coal producer.Besides spending Rs 804 crore on land acquisition and related activities, the company also invested Rs 819 crore in procuring heavy earth-moving machinery, construction and expansion of washeries, and other plant and equipment-related activities. CIL also strengthened its coal evacuation infrastructure by investing Rs 754 crore in developing railway sidings and rail corridors.Emphasising its strategic importance, the company said land acquisition and related activities have been allocated the highest capex target of Rs 4,173 crore out of its total annual capex target of Rs 16,500 crore for the current fiscal.CIL chairman B Sairam said expenditure on land acquisition, development of coal evacuation infrastructure, and plant and machinery accounted for over 75% of the total capex. "These strategic investments have laid a strong foundation for the company to achieve its production and supply targets for the ongoing fiscal," he said.As part of its ongoing diversification into clean energy, Coal India incurred a capex of Rs 278 crore on solar projects during the quarter, while investment in the company's joint ventures stood at Rs 207 crore.In FY26, Coal India's capital expenditure stood at Rs 19,607 crore, surpassing its annual target of Rs 16,000 crore.
Coal India Q1 capex rises 17% to Rs 3,399 crore, land acquisition gets biggest share
NEW DELHI: State-owned Coal India Limited (CIL) on Tuesday said its capital expenditure in the June quarter of the ongoing financial year rose 16.6% to Rs 3,399 crore, with land acquisition and related rehabilitation and resettlement expenses accounting for nearly a fourth of the total capex.












