In a bid to more than double its annual production to 1 billion tonnes, Coal India is planning to invest Rs 57,000 crore by 2020. The state-run coal behemoth produced 494 million tonnes of coal in 2014-15.
The world’s largest coal miner by output will invest about Rs 6,000 crore in 2015-16 and Rs 8,282 crore in 2016-17. During 2017-18 and 2018-19, investments are slated to jump to Rs 14,539 crore and Rs 14,635 crore, respectively. In 2019-20, the company will invest Rs 13,529 crore.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
