News Brief | November 2011
CIL India may invest up to Rs 40,000 crore
Coal India (CIL) said that it may invest up to Rs 40,000 crore in the 12th Plan Period for the development of mines and to augment production. It intends to spend around Rs 35,000-40,000 crore in the 12th Plan Period for development of new projects, buying machinery and building washeries. The company has set a production target of 556 million tonne by 2016-17 against the country's projected demand of 965 million tonne in the 12th Plan Period. It had earlier announced that it plans to put up 20 new washeries with a combined capacity of 111.1 MT. It now has 17 such washeries.
Meanwhile, CIL Chairman NC Jha said that the 452 million tonne production target of the company for the current fiscal will be met despite lower production till September, compared to the same period last year, because of excessive rains.
Contact: Coal India (CIL)
Tel: 033 22488099