-21.25 (-4.83%) Coal India is reportedly planning to raise supplies by at least 15 million tonnes (MT) annually in the weeks to come, as the company has almost completed three new rail projects linked to high-capacity mines.
The additional supply will be enough to fuel almost 4,000 MW of power plants through the year, which will rise as more coal is transported, the executives said. The increased availability comes as demand for power rises with temperatures climbing in the summer.
The new rail links will benefit mines belonging to Coal India subsidiaries Central Coalfields, Mahanadi Coalfields and South Eastern Coalfields.
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.