State-owned CIL on Tuesday said its capital expenditure registered a growth of 12 per cent to Rs 14,834 crore in FY’22. Coal India’s capital expenditure was at Rs 13,284 crore in FY’21. The Capex growth in FY’22 came on the back of a strong base; Coal India (CIL) said the entire capital expenditure was met through internal accruals.

“CIL’s FY’21 Capex doubled from that of Rs 6,270 crore of FY’20. This means FY’22 Capex growth came on a strong base,” the statement said.

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The capex boost of Coal India was to catalyse the output growth and align it with evacuation outlets.
Most of the capital expenditure was spread on land, procurement of heavy earthmoving machinery, setting up coal handling plant (CHP), silos and creation of rail infrastructure for coal transportation. Land and heavy earth moving machinery (HEMM) combined accounted for 40 per cent of the total capex at Rs 5,867 crore, and capital expenditure under land was Rs 3,262 crore in 2021-22.

Acquisition of land is vital for CIL to augment its output from opencast (OC) mines. Land procured for two projects — Searmal and Talcher of Coal India arm Mahanadi Coalfields Limited (MCL) would help the PSU further widen its mining operations.