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Coal India Investing in 66 Projects to Boost Coal Production

Coal News - Published on Mon, 02 Dec 2019

Image Source: Coal India
Coal India Limited has firmed up plans to spend INR 56,000 crore on 66 coal projects with an annual peak production capacity of 500 million tonnes. The projects are at various stages of implementation and according to a memorandum of understanding signed between Coal India and the ministry of coal over the state-run company’s fiscal 2020 targets. An official said “Coal India has advanced its targeted 1 billion tonne production capacity achievement by two years to 2024. It intends to produce 750 million tonnes during the next fiscal, while this year the target is 660 million tonnes. In order to achieve these targets, Coal India and its subsidiaries will be required to achieve milestones for each of these 66 projects set out in the memorandum of understanding.”

Almost 55% of the total capital outlay would be undertaken by South Eastern Coalfields which is working on 23 projects with a total peak production capacity contributing almost a fourth of the total production at 157 million tonnes in 2018-19. The sanctioned capital for projects undertaken by SECL is around INR 30,783 crore.

Mahanadi Coalfields is currently working on 11 projects with a peak production capacity of around 156 million tonnes, entailing investment of INR 8,519 crore.

Western Coalfields is working on 15 projects with a total peak rated capacity of around 35 million tonnes and would be investing INR 5,949 crore.

Eastern Coalfields is working on four projects with a peak rated capacity of 17 million tonnes, involving a capital outlay of INR 2,570 crore.

Bharat Coking Coal has also undertaken four projects with a peak rated capacity of 18.5 million tonnes involving an outlay of INR 2,345 crore.

Central Coalfields is developing 7 projects with a peak capacity of 42 million tonnes and outlay of INR 2,846 crore.

Northern Coalfields is involved in two projects with capacity of 40 million tonnes and capital outlay of INR 3,038 crore.

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Posted By : Yogender Pancholi on Mon, 02 Dec 2019
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