-1.15 (-0.28%) State-run Coal India (CIL) reportedly is planning to foray into power generation business. It may consider installing 1,200-1,500 megawatt capacity initially. Further, the company is planning to cover all major projects (mines) under the GPS-based movement tracking system, which could prevent theft of coal from mines and increase productivity.
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.