Coal India plans Rs 10,000 crore investment in conveyor belts

Coal India and its large pithead consumers are reportedly planning to invest Rs 10,000 crore in conveyor belts to transport coal directly from mines in a cheaper and cleaner way without using trucks.

According to an ET report, customers will make the investment while CIL will provide land and facilities for the belts, which will be installed in mines that produce 4 million tonnes of ore.

Quoting a senior company executive said on condition of anonymity, the report said this move will drastically reduce the number of trucks and reduce diesel consumption and emissions.

“CIL is in talks with Hindalco, Vedanta, Balco and Jindal Group, among others, for setting up such infrastructure at coal mines,” added the report.

Image Credit : www.moneycontrol.com

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