CIL likely to invest about 28,000 cr in 68 mining projects

CIL likely to invest about 28,000 cr in 68 mining projects

New Delhi: Coal India (CIL) is likely to invest about 28,000 crore in 68 mining projects having a production capacity of about 230 million tonnes per annum, Parliament was informed on Wednesday.

“The estimated investment likely to be made in CIL and its subsidiaries for the purpose is 27,946.42 crore and it would be mobilised from internal sources of the company," state minister for coal Pratik Prakashbapu Patil said in written reply in Lok Sabha.

Of the 68 projects, 16 are of Western Coalfields Ltd (WCL) in Maharashtra, 13 from Central Coalfields Ltd (CCL) in Jharkhand, and 13 of South Eastern Coalfields Ltd in Chhattisgarh and Madhya Pradesh, the minister said.

Twenty five new coal blocks of public sector firms like CCL, WCL and Singareni collieries Company Ltd (SCCL) and eight coal blocks alloted to firms like Karnataka Power Corporation Ltd and SAIL among others for captive use have been opened during the last three years, he said.

At present 560 underground and opencast working coal mines, including 471 on Coal India, are spread across the country.