{"id":41741,"date":"2022-05-11T17:56:17","date_gmt":"2022-05-11T12:26:17","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=41741"},"modified":"2022-05-11T18:22:37","modified_gmt":"2022-05-11T12:52:37","slug":"biz-coalindia-arm-capex","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-coalindia-arm-capex\/","title":{"rendered":"Coal India arm NCL plans capex of Rs 1,900 cr in FY23"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3767904078\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2803258340\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>To give a boost to infrastructure, most of the capex in the current financial year would be spent on the procurement of heavy earth moving machines (HEMMs), setting up coal handling plants and land acquisition, NCL CMD Bhola Singh said.<\/p>\n<p>The company had scaled up its capex to Rs 1,750 crore in FY22, up 7 per cent from the set target of Rs 1,640 crore.<\/p>\n<p>NCL is working on nine first mile connectivity (FMC) projects with an investment of Rs 3,174 crore. These projects will eliminate road transportation of coal with mechanised loading and enable the company to promote sustainable mining practices.<\/p><div class=\"trade-content_5\" id=\"trade-3737373117\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Two projects have already been commissioned and four others will be commissioned this year. Once completed, these FMC projects will help transport additional 55 million tonnes (MT) of coal through eco-friendly mode.<\/p>\n<p>The company produced 10.81 MT of coal in April, registering a 26 per cent increase in April 2021. NCL produced 122.43 MT of coal while its offtake was at 125.66 MT in the last fiscal.<\/p>\n<p>NCL contributes 20 per cent to Coal India&#8217;s total production. Coal India accounts for over 80 per cent of the domestic coal output. PTI SID SID MR MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-243943695\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year. To give a boost to infrastructure, most of the capex in the current financial year would be spent on the procurement of heavy earth moving machines (HEMMs), setting up coal handling [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-41741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coal India arm NCL plans capex of Rs 1,900 cr in FY23 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-coalindia-arm-capex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coal India arm NCL plans capex of Rs 1,900 cr in FY23\" \/>\n<meta property=\"og:description\" content=\"Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year. 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