In the next 4-5 years, Coal India Ltd plans to invest Rs 40,000-50,000 crore in capital expenditure, according to the firm.
The current fiscal’s capex (capital expenditure) of Rs 17,000 crore is “on track,” according to CIL chairman Pramod Agrawal.
He also stated that price changes are “inevitable,” and that they may occur shortly. “We have invested Rs 7,000 crore on capex so far, and we are on course to meet our Rs 17,000 crore objective for the current fiscal.” In the next 4-5 years, we plan to invest roughly Rs 40,000-50,000 crore, he said.
According to him, the majority of the increased capex will go into coal production and evacuation.
