CIL to invest over Rs 1.22 lakh cr by 2023-24 : Coal minister
State-owned CIL will pump in over Rs 1.22 lakh crore on projects related to coal evacuation, exploration and clean coal technologies by 2023-24, to achieve 1 billion tonnes of fuel output target, Coal Minister Pralhad Joshi said on Tuesday.
Out of the proposed spend of over 1.22 lakh crore, Coal India Ltd NSE 2.62 % (CIL) has planned to invest Rs 32,696 crore on coal evacuation, Rs 25,117 crore on mine infrastructure and Rs 29,461 crore on project development by 2023-24, the minister said while addressing a stakeholders’ meet organised by the PSU through video conferencing.
