Coal India to invest Rs 56,000 crore into 66 projects

State-run Coal India has decided to infuse Rs 56,000 crore on 66 coal projects with an annual peak production capacity of 500 million tonnes.

According to an Economic Times report, the projects are at various stages of implementation and according to a MoU signed between Coal India and the ministry of coal over the state-run company’s fiscal 2020 targets, almost 55 per cent of the total capital outlay would be undertaken by South Eastern Coalfields (SECL) which is working on 23 projects with a total peak production capacity of 192 million tonnes.

It added: SECL is the largest coal producing subsidiary of Coal India, contributing almost a fourth of the total production.

The report also said that Eastern Coalfields is working on four projects with a peak rated capacity of 17 million tonnes, involving a capital outlay of Rs 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 Rs 2,345 crore,” according to the ET report.

Image Credit : moneycontrol.com

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