Coal India plans ₹1 trillion capex for mining and power projects
pre-market1 source ↓written by the desknot a recommendation
- in capital expenditure
- ₹1 trillion
- is projected between
- ₹18,000 crore
- ₹25,000 crore
- of India's coal
- 80%
Coal India Limited is set to invest nearly ₹1 trillion in capital expenditure by FY31, focusing on mining modernization, coal evacuation, and thermal power projects. Annual capex is projected between ₹18,000 crore and ₹25,000 crore. This investment aims to enhance coal evacuation systems through first-mile connectivity projects, improving efficiency in coal transport.
The move is significant as Coal India accounts for over 80% of India's coal production, indicating a strong commitment to infrastructure development.
Not investment advice. For informational purposes only.