Coal India To Advance 119 Projects With Rs 1.33 Lakh Cr Investment To Boost Production
CIL has set a target of producing one billion tonne by the fiscal year 2025-26
Coal India (CIL) is advancing 119 projects with a combined capacity of 896 million tonne per year, backed by a sanctioned capital of Rs 1,33,576 crore. These initiatives were detailed in the company’s latest annual report and are at various stages of implementation and form part of CIL’s strategy to enhance production capacity.
CIL has set a target of producing one billion tonne by the fiscal year 2025-26. In the fiscal year 2023-24, CIL’s production reached 773.6 million tonne.
During the past fiscal year, CIL successfully completed a coal mining project with a sanctioned capacity of 20 million tonnes and an investment of Rs 1,783.09 crore. Further, 16 new coal mining projects were approved, adding a total capacity of 170.46 million tonne per annum, with an incremental capacity of 85.66 million tonne and a total sanctioned capital of Rs 27,087.69 crore.
As part of its modernisation strategy, CIL is adopting advanced mining technologies and infrastructure. The company said it is focusing on incorporating the latest equipment, employing advanced exploration and assessment techniques and optimising mine planning and extraction processes.
To further support its production capabilities, CIL plans to procure high-capacity equipment worth over Rs 3,700 crore in the next financial year.
Looking ahead, CIL has set a capital expenditure target of Rs 15,500 crore for the fiscal year 2024-25. A big portion of these funds will be allocated to diversification projects, including solar power, thermal power plants, the revival of fertiliser plants, surface coal gasification (SCG) and coal bed methane (CBM).
