The three coal firms - Coal India Ltd (CIL), Neyveli Lignite Corporation (NLC)
and Singareni Collieries Company Ltd (SCCL) - have chalked out plans mainly for
expansion during this fiscal. The total investment for the proposed expansion is
pegged at Rs 5,374 crore.
Of the three, CIL is likely to invest Rs 2,900 crore to produce 435 million
tonne of coal during this fiscal from 403 million tonne in the previous fiscal.
Moreover, the Union Government is planning to divest up to 10 per cent of its
stake in CIL, paving way for its early listing.
NLC and SCCL will invest Rs 1,893 crore and Rs 580 crore, respectively in
increasing their production to cater to the growing demand of coal for the power
companies.