For the first time, Coal India Limited (CIL) has decided to procure rail wagons under General Purpose Wagon Investment Scheme at an estimated cost of Rs 700 crore to transport more coal to power plants. The CIL-owned rakes dedicated to transport coal will help us in pushing higher volumes of coal to the power sector, the mining major said in a statement on Thursday.
“The Maharatna PSU’s board has given the green signal to procure 40 rakes at a total expenditure of nearly Rs 700 crore. One rake comprises 59 wagons. According to a rough estimate, one rake can move 1.4 million tonne of coal per annum,” the company said. However, the power sector would have to wait for about two years before the CIL’s own rakes begin rolling to support their supply, officials indicated.
