MoneyWorks4Me

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.

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
View more..