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Coal India okays 32 mining projects in FY21

Monday, 08 Mar 2021
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Coal India (CIL) has approved 32 coal mining projects in FY21 till January 2021. While 24 of the 32 projects are expansion of the existing projects, the remaining eight are greenfield projects. The projects will entail an estimated incremental capital of around Rs 47,300 crore.

The combined incremental peak capacity of the projects is projected at 193 million tpa. This will be in addition to the already sanctioned capacity of 303.5 million tpa.

The approval of the projects will enable coal companies of CIL enhance their production in the ensuing years. CIL board and the boards of the respective subsidiary companies have given their nod for the move.

The incremental production by FY24 from the approved 32 expansion and the new greenfield projects would be to the tune of around 81 million tpa.

The three subsidiaries of CIL, South Eastern Coalfields (SECL), Central Coalfields (CCL) and Mahanadi Coalfields (MCL) will account for nearly 87 percent of the total capacity addition at 167 million tpa.

SECL, with six projects at an estimated incremental investment of Rs 18,657 crore, accounts for 63.5 million tpa followed by CCL at an investment of Rs 7,520 crore for 10 projects of 56.6 million tpa.

MCL with three projects will add up to 47 million tpa at an investment of Rs 14,057 crore. The remaining (nearly 26 million tpa) will be met through ECL, NCL and WCL.

 
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