Coal India to Rs 7,765 cr capex investment
Coal India Ltd will invest Rs 7,765 crore towards capital expenditure in the current fiscal to expand mining capacity to achieve the production growth target of 13 per cent year-on-year. In addition, the company is looking to spend Rs 5,069 crore on other projects, which include building railway tracks to connect mines, setting up a super critical thermal power plant, reviving fertiliser plants, procurement of railway wagons, and coal-bed methane (CBM) during 2016-17.