-15.50 (-3.40%) Coal India (CIL) has reportedly planned to invest Rs 8,500 crore as capital expenditure in 2017-18. The company has further planned to invest Rs 6,500 crore in various projects -- Super Critical Thermal Power Plant (STPP), solar power, revival of fertiliser plants, coal gasification, acquisition of coal blocks in India and abroad, and CBM (coal bed methane) etc during 2017-18.
In the current fiscal, the target of coal production has been pegged at 600 million tonnes (mt) with an annual growth of about 8.3 per cent over the achievement of last year. In 2018-19, the envisaged coal production projection is 773.70 mt with a growth of about 28.95 per cent.
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.