Coal India Ltd.

Coal India (CIL) has decided to invest Rs 50,000 crore for the next five years, amid government directive to PSUs to invest their surplus funds. Combating low production, it has earmarked Rs 24,500 crore capital expenditure, out of Rs 50,000 crore envisaged investment, over the next five years mainly to boost capacity.

The company aims to spent Rs 24,500 crore on developing more than 100 underground and opencast mines in seven coal producing subsidiaries in the 12th Five Year Plan (2012-17).