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Coal India to close down 23 unviable mines

16 Jun 2021 Evaluate

Coal India has decided to close down 23 unviable mines and it would help save the company around Rs 500 crore considering all costs. The world’s largest miner has shut down 82 such mines in the last three-four years. Those 23 mines, comprising open cast and underground ones, to be closed down were identified in the last fiscal.

Underground mines are a major focus for closures as they are not remunerative. Some 158 underground mines employ 43 per cent of the workforce but contribute only 5 per cent of the total production,

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

434.75 -4.30 (-0.98%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 434.75
NMDC 84.40
GMDC 610.65
Sandur Manganese 207.10
MOIL 278.05
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