Under pressure to develop or relinquish, CIL commits fresh capex to complete projects

Stung by a government directive to either develop or relinquish, State-run Coal India Limited (CIL) has earmarked capital expenditure (capex) of $7.89-billion to complete 66 ongoing projects undertaken by its various operational subsidiaries. The 66 ongoing projects, when completed, would have peak rated capacity of 500-million tons.