Coal India has expanded its investment plan for mechanised transport and loading of coal under the first-mile connectivity initiative (FMC).
Four Coal India subsidiaries – Central Coalfields Limited, Mahanadi Coalfields Limited, Eastern Coalfields Limited and South Eastern Coalfields Limited – will invest around Rs 3,400 crore in 14 identified projects with a capacity of 100.5 million tonnes per year. This will take the overall investment by the public sector miner in mechanised coal transportation and loading to Rs 15,700 crore.
Phase 1 announced last year comprised 35 projects with an estimated investment of around Rs 12,300 crore. Two projects under phase 1 came into operation in February and April this year and seven projects are under construction of which four are expected to be completed in 2020-21.
