Coal India to infuse Rs 19,650 crore to strengthen rail infra
State-owned Coal India NSE 1.22 % Ltd on Tuesday said it will invest an estimated Rs 19,650 crore to strengthen its rail infrastructure. The move will increase coal evacuation capacity of the PSU through rail mode by an additional 330 million tonnes per annum (MTPA) by FY2023-24 when the production is expected to scale up significantly.
The upcoming projects, some of which are already operational, would help CIL NSE 0.63 % despatch increased volumes of coal through rail, above the existing capacity, from its greenfield and brownfield mining areas, Coal India (CIL) said in a statement.
