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Coal India to develop 126 mines with 438 mt capacity

18 Sep 2013 Evaluate

Coal India, the world’s largest coal miner, is planning to develop 126 new mines with 438 million tonnes (mt) capacity. The company has been given a nod to spend Rs 2300 crore for developing 4 mines of 12.5 mt 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. Recently, the company had reported provisional production of 31.68 million tonnes in August 2013, as against target of 32.73 million tonnes. The company’s total off-take for the month of August stood at 35.10 million tonnes as against a target of 35.54 million tonnes.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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