Power Today |
 
Advertise Here [728 W x 90 H pixels]
News Brief | March 2016

MCL lines up Rs.20,000-cr capex to ramp up output

Coal India Ltd (CIL) subsidiary Mahanadi Coalfields Ltd (MCL) has unveiled a `20,000 crore capital expenditure (capex) plan to reach the envisaged output of 250 million tonne (MT) by 2020. MCL is tipped to be CIL´s biggest producer, overshooting South Eastern Coalfields Ltd (SECL) and accounting for a fourth of CIL´s estimated production of one billion tonne by 2020. ´MCL has been given a target to produce 250 MT of coal by 2019-20. For realisation of that target, we are going to open some new mines- Garjanbahal and Siarmal in Basundhara area (in Sundargarh district) and Gopalprasad. MCL has an ambitious target of investing Rs.15,000-20,000 crore. Most of the money would be invested on infrastructure creation- on rail network, road network and coal loading systems´, MCL´s chairman and managing director A K Jha said. The MCL website informs that there are 18 ongoing coal projects of 151.33 MT capacity and involving a capital investment of Rs.8315.11 crore.
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image

 

Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550


Advertise Here [728 W x 90 H pixels]