Coal news and updates

Coal India Limited plans nearly 20,000 crore investment to augment evacuation capacity

PSU miner Coal India (CIL) has firmed up plans to invest Rs 19,650 crore to augment coal evacuation capacity through rail mode. The augmentation would move an additional 330 million tonnes per annum (MTPA) by FY 2024 with the miner significantly scaling up production.

The despatches of increased volume through rail mode would be both from upcoming greenfield and brownfield expansion projects, some of which have already become operational. CIL said, it was constructing three important railway lines from its own funds, on deposit basis, in Central Coalfields (CCL ) and Mahanadi Coalfields (MCL) at an estimated investment of Rs 7,994 crores. The three lines would have 170 MTPA coal transportation capacity.