State-run miner Coal India has planned capital investment of around Rs 24,750 crore in the next few years into 61 first-mile connectivity (FMC) projects in a push towards eco-friendly coal transportation.
When completed, these projects, to come up in three phases, will have a combined capacity of 763.5 million tonne per annum (MTPA).
“FMC projects involve transportation of coal in mechanised piped conveyors from production point to coal handling plants/silos with rapid loading system, where coal is loaded directly into rail wagons,” Coal India said in an exchange filing on Tuesday.
