CIL approves record 32 mining projects at `47,000 crore

Scripting a record high, Coal India Limited (CIL) has approved 32 coal mining projects in the current fiscal till January’21, which indicate an estimated incremental capital of around Rs. 47,300 Crores.

While 24 of the 32 are expansion of the existing projects, the rest 8 are new greenfield projects. The combined incremental peak capacity of these projects is projected at 193 Million Tonnes/Year (MT/Y). This will be in addition to the already sanctioned capacity of 303.5 MT/Y.

The approval of the projects enables coal companies of CIL escalate their production in the ensuing years. CIL Board and Boards of the respective subsidiary companies have given their nod for the move.

The incremental production by FY’24 from the approved32 expansion and the new greenfield projects would be to the tune of around 81 MT/Y.