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Coal India earmarks Rs.60,000 crore capex for next five years

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9 years ago

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Kolkata: State-owned miner Coal India on Wednesday said it has earmarked Rs. 60,000 crore as its capital expenditure (capex) over a period of five years which will help it to achieve its target to produce one billion tonnes of coal.

However, the miner will need an additional 20,000 acres of land to meet the output target.

“We will need approximately 20,000 acres of land, however, it is being recast. The total land required will depend on technology, the process of calculating the dumping area and other factors,” company chairman Sutirtha Bhattacharya told media persons here after its annual general meeting.

Asked over how much cost would be involved in land acquisition, he said: “We cannot say as it depends on the area. For instance if it is near an urban area, the land price would definitely be higher.”

“Resource has to be looked optimally because of the cost,” he said.

In the ongoing fiscal, Coal India has increased its capex by 14.65 percent at Rs.5,990.50 crore over the planned expenditure of the previous year.

However, the official said the planned capex may vary based on its future requirements and decisions.

“While the machinery cost has been included in the capex of Rs.60,000 crore, it will depend on future requirements. For instance, if we decide not to purchase the machinery and outsource it instead, it will be counted as revenue opex (operating expenditure) and not capex,” he said.

However, even though the actual capex is spent as planned, the coal behemoth will still fall short of nearly 100 million tonne of coal output.

“This will help us produce 908 mt of coal,” said Bhattacharya, an 1985 batch Andhra Pradesh cadre IAS officer.

Asked over how the firm will go about land acquisition, he said: “We will continue to work up upon land acquisition and sensitise it as well as intereact with the state governments.”

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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