-1.20 (-0.28%) Coal India (CIL), the world’s largest coal miner has planned to set up 20 coal washeries (Coking and Non-Coking) having total capacity of 111.1 MT of raw coal throughput.
Besides, the Government has also issued guidelines for setting up coal washeries on public sector coal companies’ land to bridge the demand-supply gap of washed coal.
Recently, the company was planning to dilute a fraction of its $11-billion cash reserve to increase production by 180 million tonne in five years.