Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
444.25
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Coal India clears 3 projects of 40 mn tonnes capacity

Date: 24-08-2015

Coal India (CIL) has cleared three projects with a total production capacity of 40 million tonnes entailing an investment of about Rs 5,900 crore. These mines are expected to start production in a few years and will add to the company's target of achieving 1 billion tonnes in output by 2020. One of the projects is the Rs 3,600-crore, Lakhanpur-Belpahar-Lilari, 30 million tonnes integrated open cast mine in Odisha under Mahanadi Coalfields. The second project includes Rs 1,550-crore, Rampur-Batura (new mine) 4 million tonnes project under South Eastern Coalfields.

The third project is the Rs 750-crore, Yekona 1 & 2 amalgamate, a 2.75 million tonnes open cast mine under Western Coalfields. The company is planning to spend a total Rs 10,600 crore in FY16 on enhancing its production capacity and ramping up infrastructure.

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.