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Coal India Ltd to mine 1,000 million tonnes coal by 2019

Union Coal Secretary Anil Swarup Monday said the state-owned Coal India LtdBSE -0.57 % (CIL) would mine 1,000 million tonnes of coal by 2019 -- doubling its present production of 500 million tonnes.

"The CIL has set a target to explore 1,000 million tonnes coal from various coal mines. Presently, it is exploring 500 million tonnes," Swarup told media persons here after reviewing different projects of Mahanadi Coalfields Ltd (MCL), a subsidiary of CIL, with the Odisha government officials.

The progress of 15 projects of MCL, including Angul-Sukinda common rail corridor, were reviewed at the meeting. The coal ministry has targeted
completion of the railway line project through which coal will be transported to various industries by December 2017.

"We have set a deadline to complete the railway project by December 2017. In the initial phase, 30-35 million tonnes coal would be transported while it would be increased to 200 million tonnes by 2019. The progress of the project is satisfactory in the state," said the coal secretary.

Recently, the Container CorporationBSE 0.52 % of India (Concor) decided to invest Rs.156 crore for 26 percent equity to participate in the Angul-Sukinda railway line project.

The project, being constructed under the public-private partnership (PPP) model, will provide a rail link to the steel and power plants located in Angul, Dhenkanal and Jajpur districts.

Besides Concor, Rail Vikas Nigam Limited, Odisha Mining Corporation, JSPL and IDCO are the other stake holders who have set up a special purpose vehicle Angul Sukinda Rail Line (ASRL) to develop the project.

Two other rail links being developed in Jharkhand and Chhattisgarh are important for coal transportation, said Swarup.

As the Odisha government has requested the Centre to provide coal blocks to state PSUs during allocation, the coal secretary said he will examine the proposal of the government.

The issues of environment and forest clearances were also discussed at the meeting. Odisha Chief Secretary G.C. Pati said the state government would provide all support to MCL for exploring 200 million tonnes from its present production of 110 million tonnes.

Source: IANS, Economic Times