CIL approves the expansion of 24 existing projects and 8 Greenfield ones in the ongoing financial year.

CIL approves the expansion of 24 existing projects and 8 Greenfield ones in the ongoing financial year.

VOL. 5

MARCH 2021

CIL consents to 32 mining projects worth 47000 crore

Coal India Ltd (CIL) has approved 32 coal mining projects in the current financial year till January, with an estimated cost of Rs 47,000 crore. 24 out of 32 are expansion of existing projects and the remaining 8 are greenfield. The combined peak capacity of these projects is projected at 193 million tonnes per annum (MTPA) adding to the already sanctioned capacity of 303.5 MTPA. The gradational production by FY'24 from the approved 32 expansion and the new greenfield projects would estimate to the huge cost of around 81 MTPA. The Boards of the respective subsidiary companies have given their nod for such high number projects with huge capacity of the 193 MTPA capacity, the three subsidiaries of CIL, South Eastern Coalfields Limited (SECL), Central Coalfields Limited (CCL) and Mahanadi Coalfields Limited (MCL) with 6,10,3 projects at an investment of Rs 18657, 7520, 14057 crores of 63.5, 56.6, 47 MTPA respectively covering 167 MTPA between them form the bulk at 86.5 percent. Balance 26 MTPA would be met through ECL, NCL and WCL with the remaining investment between them.