Coal India resources get a boost of 8.3 BT after Centre’s allocation of 16 blocks

Mining monolith Coal India Ltd (CIL) on Thursday said its resources had received a boost of 8.3 billion tonne (BT) after the Centre’s latest allocation of 16 coal block to the Maharatna PSU. The resource capacity of CIL took a leap to over 172 BT from 164 BT after the allocation of new blocks. This has increased CIL’s resources to about 54% of the country’s entire coal resource.

At the current rate of coal production and even after taking into account the projected growth in the ensuing years, the present coal resources under CIL’s fold will enable it to meet the expanding coal demand of the country to a considerable extent.

The country’s coal requirement is huge and is increasing with the thrust on capacity addition in power sector.