State owned Coal India (CIL) will invest an additional Rs 47,300 crore to produce 193 million tonne per annum (MTPA) above its sanctioned capacity of producing 303.5 MTPA from 24 existing projects.
While a chunk of the investment earmarked will go in expanding the existing 24 projects, there will be fresh investments made in 8 new projects. All the 32 projects together will have a peak capacity to produce 496.5 MTPA. But this capacity would be reached over the years with CIL assessing to produce 81 MTPA by 2024 of its targeted 193 MTPA. ” The production will move up gradually beyond 2024,” a CIL executive said.
