-15.50 (-3.40%) Coal India’s (CIL) arm - Central Coalfields has received an approval for expansion of its Konar open cast mine and the setting up of a non-coking coal washery in Jharkhand's Bokaro district at a cost of Rs 1538 crore.
Central Coalfields has proposed to expand the Konar mine capacity to 8-11 million tonnes per annum (mtpa), from the existing 4-5 mtpa, and establish an integrated non-coking washery with a capacity of 7 mtpa.
Coal India accounts for over 80% of the domestic coal production and is eyeing 1 billion tonne production by 2020. The PSU is eyeing 598 million tonnes in 2016-17.