MCL aims to open two greenfield mines by 2018
Mahanadi Coalfields Ltd (MCL), the largest coal producing subsidiary of Coal India Ltd (CIL) is aiming to open two new greenfield coal mines by 2018 as it gears up to reach the targeted production of 250 million tonne (MT) by 2020. The company has announced Rs.20,000 crore capital expenditure (Capex) plan to reach the envisaged output of 250 MT by 2020. The mines which MCL plans to open in two years are Siarmal in Sundargarh district, which will have a production capacity of 50 MT per year and the Garjanbahal coal mine, which would produce 10 MT per year.
Contact: Mahanadi Coalfields Ltd