SECL’s supplies to rise with the opening of new railway track line

A 44 km-long new railway line in Chhattisgarh under East Rail Corridor from Kharsia to Korichapar commenced operations on October 12. This will enable coal evacuation from two large coalfields at Mand-Raigarh and Korba under the largest coal-producing subsidiary of Coal IndiaNSE 2.81 %, South Eastern Coalfields (SECL).

Chattisgarh East Railway (CERL), a special purpose vehicle floated by SECL, the government of Chattisgarh and IRCON InternationalNSE 3.27 % undertook the construction of the 136 km East Rail Corridor at an investment of Rs. 3,055 crore. It will connect Kharsia, Korichapar, Dharamjaygarh and Korba. While SECL holds a 64% stake in this tri-partite SPV, Chattisgarh government and IRCON holds 10% and 26% respectively. “Synergy between all the parties of the SPV helped the line to go operational in record time,” said a Coal India statement, issued on Thursday.