Coal India aims to substitute 120 million tonnes of imported coal
KOLKATA: If law & order situations are conducive and land acquisitions go as targeted, Coal India, may be able to substitute 120 million tonnes of imports with domestically coal in the next three years.
It is planning to ramp up production by 50-55 million tonnes annually over the next three years to achieve the target for import substitution.
“In an effort to increase production it will spend Rs 10,500 crore in ordering new equipment this year and the next,” said Coal India chairman, A K Jha.
“This will be possible if land acquisition for new projects and law & order conditions in certain states with heavy mining operations improve,” Jha said.
