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Coal India to produce 482.00 MT Coal during current year

28 Aug 2013 Evaluate

Coal India (CIL) has planned to produce 482.00 MT in 2012-13 and has envisaged producing 615 MT in the terminal year of XII Plan (2016-17). A capital outlay of Rs 5,000 crore for its domestic activities and an ad-hoc provision of Rs 4,000 crore for acquisition of assets abroad and development of coal blocks in Mozambique in 2013-14 has been envisaged.

Besides, CIL has envisaged investing Rs 25,400 crore during XII Plan (2012-17) for its domestic activities out of which, about Rs 7,500 crore has been planned to invest in Rail Infrastructure Projects. An additional ad-hoc provision of Rs 35,000 crore; Rs 25,000 crore for acquisition of coal assets abroad and Rs 10,000 crore for development of coal blocks in Mozambique has been kept during XII Plan (2012-17).

Further, the company has a policy to fund its Corporate Social Responsibility (CSR) activities based on 5% of retained earnings of previous year subject to Rs 5 per tonne of coal production of previous year. Out of above, 4% would be allowed for CSR activities to be carried out within the radius of 15 km of the project site and balance 1% would be allocated for carrying out CSR activities by subsidiary companies in the states in which the subsidiary company belongs.  A portion of the profit is also invested in its R&D activities.

Coal India Share Price

456.35 -10.05 (-2.15%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 456.35
NMDC 88.80
GMDC 684.70
Sandur Manganese 241.35
MOIL 315.65
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