CIL Approves Investment in 32 Coal Mining Projects
CIL CAPEXNews 18

CIL Approves Investment in 32 Coal Mining Projects

India’s state owned Coal India Ltd board has approved 32 coal mining projects in the current financial year, till January, indicating an incremental capital of

India’s state owned Coal India Ltd board has approved 32 coal mining projects in the current financial year, till January, indicating an incremental capital of around INR 47,300 crore. While 24 of the 32 projects are expansion of the existing ones, the remaining are new units. The incremental production by 2023-24 from the approved 32 expansion and the greenfield projects would be to the tune of around 81 million tonnes per annum.

The approval of the projects enables subsidiaries of CIL escalate their production in the ensuing years. The combined incremental peak capacity of these projects is projected at 193 million tonnes per annum. Of the 193 million tonnes per annum capacity of 32 projects, CIL's three subsidiaries South Eastern Coalfields Ltd, Central Coalfields Ltd and Mahanadi Coalfields Ltd with 167 million tonnes per annum form the bulk at 86.5%. SECL with six projects at an estimated incremental investment of INR 18,657 crore accounts for 63.5 million tonnes per annum followed by CCL at an investment of INR7,520 crore for 10 projects of 56.6 million tonnes per annum. MCL with three projects would add up to 47 million tonnes per annum at an investment of INR14,057 crore.

This will be in addition to the already sanctioned capacity of 303.5 million tonnes per annum.

Related Stories

No stories found.
SteelGuru Business News
www.steelguru.com