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Coal India issues letters of acceptance for 7 coal projects

14 Dec 2022 Evaluate

Coal India (CIL) has issued letters of acceptance for seven coal projects to be pursued through engagement of Mine Developer and operators (MDO). Cumulatively, these projects have production capacity of close to 100 million tonne per year (MT/Y).

The intent of engaging MDOs through open global tenders is to increase domestic coal output and reduce import dependency to extent possible. Of these seven projects, three belong to CCL and two to MCL. SECL and ECL account for a solitary project each. Two of the projects, Siarmal open cast project (OCP) of MCL, Odisha having 50 MT/Y output capacity and Hura ‘C’ OCP of ECL, West Bengal of 3 MT/Y capacity are expected to start mining operations during the ongoing financial year.

The state owned coal miner is tracking a total of fifteen Greenfield coal projects to mine coal through MDOs. CIL’s investment component would be to the tune of Rs 20,600 crore largely spread on land acquisition, rehabilitation and resettlement issues. In some cases on railway sidings as well. The contract period of engagement is for 25 years or life of mine whichever is less.

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 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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