<a href="https://www.mid-day.com/business/business-news/article/coal-india-q1fy27-consolidated-net-profit-marginally-increases-as-input-costs-taxes-rise-23642171" target="_blank" rel="none noopener">State-run miner Coal India</a> on Tuesday said its capital expenditure rose 27 per cent to Rs 7,966 crore during the first half of the current financial year from Rs 6,283 crore in the corresponding period a year ago.
The expenditure also surpassed the first half of the current financial year's target of Rs 7,286 crore, as it achieved 109 per cent of the planned outlay for the period, it said in a regulatory filing.
The capex during the first six months of the financial year was over 48 per cent of the annual capex target of Rs 16,500 crore, it added.
"The robust capex performance underscores the company&rsquo;s continued focus on strengthening mining infrastructure, acquiring land, procuring heavy earth moving machinery (HEMM) and advancing diversification projects," it said.
<h2>Segment wise investment</h2>
It said mine infrastructure development emerged as the largest area of investment during April to September, attracting Rs 2,152 crore. <a href="https://www.mid-day.com/business/business-news/article/coal-india-aims-to-complete-arms-secl-mcl-ipos-in-fy27-issues-valued-at-rs-10000-crore-each-23647627" target="_blank" rel="none noopener">The coal producer </a>said the investments in this segment included railway sidings and corridors, coal handling plants (CHPs), silos and weighbridges to strengthen the coal evacuation and handling infrastructure.
The Kolkata-based company said land acquisition was another major component of expenditure, with investments worth Rs 2,033 crore during the first six months of the financial year.
Additionally, over Rs 1,000 crore was spent on mine development to support the expansion and operational readiness of mining projects, it said.
For the plant and machinery segment, the capex during April to September stood at &nbsp;Rs 1,394 crore, which included investments in HEMMs, washeries and other plant and machinery.&nbsp;
"Of this, Rs 452 crore was spent on procuring HEMMs to strengthen mining operations and enhance operational efficiency," it said.
Mine infrastructure development, plant and machinery, land acquisition and diversification remained the principal components of the company's capital expenditure. Together they accounted for over 79 per cent of the total capex during the first half of the current financial year.
<h2>Diversification projects</h2>
The Maharatna company continued to advance its diversification initiatives, and invested over Rs 739 crore in projects including <a href="https://www.mid-day.com/business/business-news/article/global-solar-investment-to-touch-usd-500-bn-this-year-pralhad-joshi-23422756" target="_blank" rel="none noopener">solar energy</a>, critical minerals, coal gasification and thermal power generation.
"These strategic investments are expected to strengthen the company&rsquo;s operational capabilities and support the achievement of its production and supply targets for the ongoing financial year," &nbsp;it said.
Coal India accounts for over 80 per cent of domestic coal output and the increased investment comes amid the company's efforts to modernise its mines, expand production capacity and strengthen coal evacuation infrastructure to meet the country's growing energy requirements, according to news agency PTI.
(With inputs from PTI)

It surpassed the the first half of the current financial year`s target of Rs 7,286 crore, achieving 109 per cent of the planned outlay

Coal India's capex increases 27 per cent in April to September

GST officers must establish intent to evade tax before invoking fraud provisions in law: CBIC

The expenditure also surpassed the first half of the current financial year's target of Rs 7,286 crore, as it achieved 109 per cent of the planned outlay for the period

Coal India's capital expenditure rises 27 per cent in April to September

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