Coal India zooms on scaling up capex to Rs 14,834 crore in FY22
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Coal India is currently trading at Rs. 191.00, up by 5.00 points or 2.69% from its previous closing of Rs. 186.00 on the BSE.
The scrip opened at Rs. 188.30 and has touched a high and low of Rs. 191.20 and Rs. 188.00 respectively. So far 388684 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.85 on 06-Oct-2021 and a 52 week low of Rs. 123.45 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 198.65 and Rs. 184.45 respectively. The current market cap of the company is Rs. 117307.53 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.79% and 5.07% respectively.
Coal India (CIL) has scaled up its capex to Rs 14,834 crore ending FY22, the highest so far. Going past the MoU target of Rs 14,685 crore this represents 101 per cent achievement. It was for the second consecutive fiscal that the company bettered its capex target, which is a record of its own.
The capex increase was up by a sharp Rs 1550 crore in FY22 compared to Rs 13,284 crore of FY21, registering a near 12% growth. The company’s FY21 capex doubled in a year from that of Rs 6,270 crore of FY20. This means, FY22 capex growth came on the back of a strong base. The entire capex was met through internal accruals.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
