Coal India reported a capital expenditure of ₹3,399 crore for the June quarter, a 16.6% year-on-year increase from the ₹2,914 crore spent in the same period last year.
The figure surpassed the company's quarterly target, signaling an acceleration in investment activity despite broader market caution.
The stock declined more than 3% recently, trading around ₹414, as investors digested first-quarter results that highlighted mounting operational challenges.
Livemint reported that the spending was driven largely by land acquisition and renewable energy projects, marking a strategic shift in the state-run miner's capital allocation.
The aggressive capex plan comes as Coal India shares have faced selling pressure.
The stock declined more than 3% recently, trading around ₹414, as investors digested first-quarter results that highlighted mounting operational challenges.
Brokerage reports cited in the sell-off pointed to structural issues within the miner's operations, creating a disconnect between the company's investment ambitions and market sentiment.