Coal India Ltd.

Coal India’s subsidiary -- Northern Coalfields (NCL) has planned a capital expenditure of Rs 1,900 crore in the current financial year (FY23). To give a boost to infrastructure, most of the capex in the current financial year would be spent on the procurement of heavy earth moving machines (HEMMs), setting up coal handling plants and land acquisition. The company had scaled up its capex to Rs 1,750 crore in FY22, up 7 per cent from the set target of Rs 1,640 crore.

NCL is working on nine first mile connectivity (FMC) projects with an investment of Rs 3,174 crore. These projects will eliminate road transportation of coal with mechanised loading and enable the company to promote sustainable mining practices.

Two projects have already been commissioned and four others will be commissioned this year. Once completed, these FMC projects will help transport additional 55 million tonnes (MT) of coal through eco-friendly mode.

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.