Coal India’s subsidiary -- Mahanadi Coalfields (MCL) has laid out an investment of about Rs 60,000 crore in Odisha, with Rs 31,000 crore to be spent for mining and social infrastructure development by 2023-24. The company targets to increase its coal production capacity to 300 million tonnes with investment in the acquisition of land for three new MDO (mine, develop and operate) projects, namely Siarmal (50 million tonne per year) in Ib Valley, Subhadra (25 MTY) and Balbhadra North (10 MTY) in Talcher coalfields, as well as the expansion of existing projects.
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.
