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Coal India to invest Rs 12,834 crore in 2016-17

Capital expenditure for the year 2016-17 has been set at Rs 7,765 crore, says release

Policy Pulse
Publish Date: Aug 26 2016 1:32PM | Updated Date: Aug 26 2016 1:32PM

Coal India to invest Rs 12,834 crore in 2016-17

 Coal India Ltd (CIL) will invest Rs 7,765 crore as capital expenditure and Rs 5,069 crore in several other projects in 2016-17, its annual report released on Friday said.

 
"The capital expenditure for the year 2016-17 has been set at Rs 7,765 crore. In addition, an ad-hoc provision of Rs 2 crore has been kept for its overseas activities.
 
"Further, company has planned to invest Rs 5,069 crore in various other projects viz. railway infrastructure, super critical thermal power plant (STPP), solar power, revival of fertiliser plants, procurement of railway wagons and CBM (coal bed methane) during 2016-17," the report said.
 
The company has estimated production of 908.10 million tonnes (mt) in 2019-20 with a CAGR (Compound Annual Growth Rate) of 12.98 per ent with respect to 2014-15.
 
During 2016-17, production target of coal has been kept at 598.61 mt with an annualised growth of about 11.6 per cent. In 2017-18, coal production is expected to be 660.7 mt with a growth of about 10.5 per cent.