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Coal India likely to invest Rs 28,000 crore in 68 mining projects

03 Aug 2011 Evaluate

State-run, Coal India (CIL) is planning to invest about Rs 28,000 crore in 68 mining projects having a production capacity of about 230 million tonnes per annum.  From the 68 projects, 16 are of Western Coalfields (WCL) in Maharashtra, 13 from Central Coalfields (CCL) in Jharkhand, and 13 of South Eastern Coalfields in Chhattisgarh and Madhya Pradesh.

Coal India has achieved an output of just 96.3 million tonnes (MT) of coal for the April-June quarter of the current fiscal. The company missed the production target of 98.6 MT for the first quarter of the current financial year by 2.3 million tones because of excessive rainfall, curfew and other disturbances caused for eviction drive, land acquisitions, as well as R&R issues.

Coal India Share Price

438.70 5.80 (1.34%)
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Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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