A worker carries a bag as he stands near sacks of coal at a coal wholesale market in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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

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.

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