Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
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Coal India's arm to open 12 coal mines projects next fiscal

Date: 01-01-2016

Coal India's subsidiary -- Western Coalfields (WCL) will open 12 coal projects, having total production capacity of around 30 million tonne per annum, in the next fiscal, as the PSU aims at achieving 1 billion tonne output by 2020. The projects have already received approval from the company's board. WCL is planning an output of 100 million tonnes in another five years. The WCL had opened 12 coal mines in the calendar year 2015.

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.