The world’s largest coal miner, Coal India Limited (CIL), has decided to invest a staggering amount of Rs.15,000 crore during the current financial year, official sources said that the company has lined up nearly Rs.8,500 crore as capital expenditure and Rs.6,500 crore for various on-going projects across the country. The projects, which will get the targeted investments included a super-critical thermal power plant, coal gasification and solar power. In light of the Paris Protocol and consequent changes in the world energy scenario, Coal India Ltd. is looking forward to diversify its operations towards renewable energy like solar power and clean energy sources such as coal mine methane, CBM, coal to liquid and underground coal gasification (UCG) following the government’s directives. The overall capital expenditure of Coal India (CIL) during 2016-17 stood at Rs.7,700 crore as against Rs.6,123 crore in the previous year. CIL, which accounts for over 80% of the domestic coal production, is eyeing an output of 1 billion tons by 2020. In 2017-18, the target of coal output has been pegged at 600 mt, with an annualized growth of about 8.3 per cent.
📅Published on:
03 October 2017
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