Coal India (CIL) is likely to invest up to Rs 40,000 crore in the 12th Plan Period ending 2017 towards mines' development to augment production. The company will utilize these funds for buying machinery and building washeries. CIL is likely to invest less than Rs 25,000 crore during the 11th Plan Period against investment target of Rs 35,000 crore.
The company has aimed a production target of 556 million tonne by FY17 against the country's projected demand of 965 million tonne in the terminal year of the 12th Plan Period. Overall, country's coal production, including by captive miners, is likely to be 700 million tonne by FY17. The company will have to import the remaining to meet demand.
Coal India is the largest coal producing company in the world, based on the company’s raw coal production of 431.26 million tonne in fiscal 2010. As of March 31, 2010, the company operated 471 mines in 21 major coalfields across eight states in India, including 163 open cast mines, 273 underground mines and 35 mixed mines, which include both open cast and underground mines.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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