Coal India recorded a capital expenditure of ₹3,399 crore in the first quarter, reflecting a 16.6% year-on-year increase and surpassing its quarterly target, according to livemint.com. This rise in capex contributed to the company achieving a record annual capital expenditure of ₹19,607 crore in FY26, exceeding its original target of ₹16,000 crore.
The increase in capital expenditure during the June quarter was driven by investments in land acquisition and renewable energy projects. Despite a significant rise in operating expenses, Coal India reported a slight increase in its consolidated profit. The company’s strategic allocation of funds towards expanding its asset base and sustainable energy initiatives highlights its focus on long-term growth.
Coal India’s capex growth comes amid a broader push in the energy sector to diversify and modernize infrastructure. The company’s performance stands out compared to previous years, reflecting stronger financial discipline and operational efficiency. The record annual capex of ₹19,607 crore in FY26 positions Coal India ahead of its peers in terms of investment scale and commitment to capacity expansion.
Coal India’s next financial update is expected with the release of its half-yearly results, which will provide further insight into the impact of its increased capital expenditure on production and profitability. The company’s FY26 capex achievement was confirmed by Bloomberg data cited in the livemint.com report.