Coal India Q1 capex rises 17% to ₹3,399 crore
pre-market1 source ↓written by the desknot a recommendation
- in capital expenditure
- 16.6% YoY increase
- in Q1 FY
- ₹3,399 crore
- its target
- ₹3,349 crore
- of its annual
- 20.6%
- capex goal
- ₹16,500 crore
State-owned Coal India Ltd reported a 16.6% YoY increase in capital expenditure to ₹3,399 crore in Q1 FY, exceeding its target of ₹3,349 crore. This spending represents 20.6% of its annual capex goal of ₹16,500 crore. Notably, ₹754 crore was allocated for railway sidings and corridors, enhancing coal evacuation efficiency.
Not investment advice. For informational purposes only.