-4.85 (-1.13%) Coal India (CIL) is planning to invest Rs 91,000 crore in various projects, including diversification and mine development, by 2025-26. A sum of Rs 36,000 crore will be spent on coal gasification projects while another Rs 46,000 crore will be pumped-in mining developers cum operators (MDOs) and other contracts. The remaining amount will be spent on various other projects.
CIL has already identified 15 greenfield projects having a total project-rated capacity (PRC) of 168.58 million tonnes (MT) per annum for implementation through MDO mode. Out of these 15 projects, Letters of Award have been given to nine projects to be implemented through MDOs. These nine projects have a production capacity of around 127 MT. Another six mining projects are at different stages of implementation. Eleven of the 15 projects are opencast and the remaining four are underground mines.
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.