Coal India reports 16.64% rise in Q1 capex to ₹3,399 crore
after close1 source ↓written by the desknot a recommendation
- from ₹2
- 16.64% increase
- quarterly target
- 101.5%
- of the annual
- 20.60%
Coal India Limited (CIL) reported capital expenditure of ₹3,399 crore in Q1 FY27, a 16.64% increase from ₹2,914 crore YoY. This figure surpassed its quarterly target by 101.5%, accounting for 20.60% of the annual capex target of ₹16,500 crore. The largest spending was on land acquisition at ₹804 crore, crucial for mining operations.
This strong capex performance may enhance CIL's operational capacity and support future growth, positively impacting market sentiment.
Not investment advice. For informational purposes only.