Coal India's Q1 Capex Rises by 16.64% to Rs 3,399 Crore

Coal India Q1 capex rises 16.6% YoY to ₹3,399 crore, beats quarterly target

Coal India's June quarter capex reached ₹3,399 crore, marking a 16.6% YoY rise and surpassing targets. Investments in land acquisition and renewable energy were notable, alongside a slight increase in consolidated profit, despite a considerable rise in operating expenses.

Coal India's Q1 capex rises by 16.64% to Rs 3,399 crore

Coal India's capital expenditure rose sixteen point six four percent to three thousand three hundred ninety-nine crore rupees. Land acquisition and resettlement activities accounted for nearly one-fourth of the total expenditure during the quarter. The company also invested significantly in strengthening its coal evacuation infrastructure and plant machinery. Diversification into clean energy saw investments in solar projects and joint ventures.

Coal India’s Profit May Dip as Iran War Lifts Mining Costs

Coal India’s Q1 net profit stays flat as costs rise 27% amid West Asia impact; declares ₹5.5 interim dividend

Coal India's Q1 net profit rises 0.7% to ₹8,850 crore amid rising expenses; declares ₹5.5 interim dividend.

Coal India's Profit May Dip as Iran War Lifts Mining Costs

State-run miner Coal India Ltd.’s first-quarter profit likely declined marginally from a year earlier, led by costlier raw materials, such as explosives and diesel following the Middle East war.

New research shows huge impact of Iran war on Black Country businesses

New research has shown the huge impact the ongoing Iran war is having on businesses across the Midlands.   The research – carried out by the Black Country Chamber of Commerce alongside the Greater Birmingham, Coventry, Warwickshire and East Midlands chambers – reveals 80 per cent of businesses have seen costs increase because of the conflict.   Some 64 per cent of manufacturers said they had faced ‘moderate or significant’ extra costs with five …