Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
430.25
7.10 (1.68%)
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Coal India’s arm planning to expand three open-cast mining project this fiscal

Date: 13-10-2020

Coal India’s subsidiary -- Northern Coalfields (NCL) is planning to expand three open-cast mining project in the ongoing financial year. Of the company's 10 open-cast mining projects in operation, seven are completed mining projects and three are ongoing mining projects. Three new/expansion OCPs (open cast projects) have been planned to be taken up in the year 2020-21, that the projects are Jhingurdah Bottom OCP, Khadia Expansion OCP and Nigahi Expansion OCP. Two OCPs of NCL have been approved in 2019-20. NCL produced 108.05 million tonnes of coal in 2019-20, against the target of 106.25 MT with a growth of 6.45 per cent over the previous year.

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.