Coal India may revise capex plan

But it may get revised due to land acquisition bill,” Coal India Chairman Sutirtha Bhattacharya said at the company's AGM on Wednesday.

Coal India Ltd. (CIL) may have to revise its capital expenditure plan in view of the proposed land acquisition bill. “The current estimate of total capex is Rs. 60,000 crore over the next five years. 

But it may get revised due to land acquisition bill,” Coal India Chairman Sutirtha Bhattacharya said at the company's AGM on Wednesday.

Earlier the company was planning to use the fund to ramp up capacity to 908 million tonnes. 

A large portion of the money would go towards acquisition of land required for mining of coal and the rest for buying machinery and equipment for the same.