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Coal India’s arm looking to pump in Rs 7,000 crore in next 4 years

27 Jun 2020 Evaluate

Coal India’s subsidiary -- Northern Coalfields (NCL) is looking to pump in Rs 7,000 crore over the next four years to ramp up production capacity and boost infrastructure at various projects. Of this amount, an investment of about Rs 3,000 crore is planned for procurement of heavy earthmoving machines and another Rs 3,000 crore will be used for development of additional coal evacuation-related infrastructure. Around Rs 200 crore will be used in developing 50 MW solar power plant.

The company also has plans to enhance social infrastructure that includes building healthcare facilities, community halls and other welfare amenities for its employees and the local population.

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.

Coal India Share Price

438.70 3.95 (0.91%)
02-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 85.61
GMDC 609.70
Sandur Manganese 207.05
MOIL 277.25
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