Coal India upgrading mine transport facilities

KOLKATA: Coal IndiaNSE -3.64 % is upgrading transport facilities at mines as part of efforts to meet its target of producing 1 billion tonnes by 2024.

It has hired Indian Port Rail Corp. (IPRCL) to build rail infrastructure, construct more sidings and improve connectivity with Indian Railways’ main network. The two companies signed a memorandum of understanding on Thursday.

“The plan is to improve first-mile connectivity so that more coal can be moved in a shorter time from large mines,” a Coal India executive said. “Coal India is enhancing production capacity at each of its mines and the plan is to synchronise it with improved evacuation facilities.”