Coal India (CIL) has approved an aggregate investment of Rs 1,593.84 crore as a part of its equity capital towards setting up of three natural gas-based fertiliser plants. The plants would be set up in Gorakhpur (Uttar Pradesh), Barauni (Bihar) and Sindri (Jharkhand).
With a view to enhance energy security and raw material security of the nation, the company’s board had in December last year accorded its approval for venturing into the business areas like new and renewable energy. It accounts for over 80 percent of domestic coal output.
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.
