Coal India Limited to invest Rs 7,765 crore in FY’17 – Feedback

Coal India will invest around Rs 7,765 crore towards capital expenditure in the ongoing fiscal and Rs 5,069 crore in various projects, including railway infrastructure, super critical thermal power plant and solar power.

“The capital expenditure for the year 2016-17 has been set at Rs 7,765 crore,” Coal India (CIL) said in its latest report. In addition, an ad-hoc provision of Rs two crore has been kept for its overseas activities. “Further, the company has planned to invest Rs 5,069 crore in various projects viz railway infrastructure, super critical thermal power plant, solar power, revival of fertiliser plants, procurement of railway wagons, CBM (CoalBed Methane) during 2016-17,” the report said. CIL has envisaged a coal production of 908.10 million tonnes (MT) in 2019-20 with a CAGR of 12.98 per cent with respect to 2014-15. In 2016-17, which is also the terminal year of 12th five-year plan, the target of coal production has been pegged at 598.61 MT with an annualised growth of about 11 per cent.

http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/coal-india-limited-to-invest-rs-7765-crore-in-fy17-for-new-assets-in-rail-track-solar-power-and-thermal-plants/articleshow/53875018.cms

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