CIL-led SPVs to invest Rs 8,000 crore to develop two rail links
Coal India (CIL) has formed two special purpose vehicles (SPVs) to develop two railway links for evacuating increased quantity of coal from high-yielding open-cast mines of its Chhattisgarh-based subsidiary South Eastern Coalfields (SECL).
The two SPVs, Chhattisgarh East-West Railway (CEWRL) and Chhattisgarh East Rail (CERL), will construct the 135-km east-west rail corridor and the 136-km east rail corridor at an estimated cost of Rs 4,970 crore and Rs 3,055 crore, respectively.
