Coal India (CIL) is confident of achieving this fiscal year's (2013-14) Rs 9,000 crore capital expenditure target. The government-owned company had missed its capex target of last fiscal. CIL has also informed the Union Finance Ministry that it would pay dividend of Rs 7,958 crore for the fiscal year 2013-14.
In the second quarter of the current fiscal, CIL, the world's largest coal producer had achieved a capex of Rs 1,650 crore against the target of 1,952.20 crore. CIL had in FY 2012-13 achieved the capex of Rs 2,920.23 crore against the target of Rs 10,275 crore.