Home Business & Finance Coal India Plans Rs 12,500 Crore Capex In FY19 To Increase Production
Coal India Plans Rs 12,500 Crore Capex In FY19 To Increase Production

Coal India Plans Rs 12,500 Crore Capex In FY19 To Increase Production

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Coal India Ltd. is planning a capital expenditure of Rs Rs 12,500 crore in the financial year ending March 2019 as it aims to increase production to 1 billion tonnes from 46 million tonnes currently, Chairman Gopal Singh said.

The government’s thrust on renewable energy is not a threat to the coal industry, he said, adding that the state-run enterprise has ‘enough room’ to grow and expand operations.

Source: bloombergquint
Anand Gupta Editor - EQ Int'l Media Network

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