CIL to farm out mines
Coal India has decided to engage mine developers cum operators (MDO) to unlock 168 million tonnes of coal every year from a total of 15 greenfield projects of which 12 are opencast and three are underground.
The projects are spread across subsidiaries with Mahanadi, South Eastern Coalfields and Central Coalfields stated to form major segments for the MDO mode with annual targeted capacities of 65.5 mt, 52.4 mt and 45 mt, respectively. Eastern and Northern Coalfields will have projects with targeted capacities of 3 mt and 2 mt per annum, respectively.
Tenders have already been floated for two projects — Siarmal Opencast of MCL (40 mt/year) and Kotre-Basantpur Pachmo of CCL (5 mt/year). Tenders of five projects with a combined capacity of 68 mt/year will be floated in the current fiscal and the tender for the remaining eight would be floated in 2021-22.
