NEW DELHI: Coal India Ltd will invest nearly Rs20,000 crore in rail infrastructure with a view to raising annual transportation capacity by an additional 330 million tonne over the next three years as the world’s largest coal miner chases an annual production target of a billion tonne.
In addition to reducing transportation of coal by road, the projects will allow quicker despatch of emergency supplies and prevent recurrence of fuel shortage at power plants, as was seen in the July-September period.
The move also indicates that coal will remain king in India in the foreseeable future as a source of affordable power as the country works towards lifting millions of citizens out of poverty.
