CIL to invest Rs.15.94 bn as equity capital for 3 fertiliser plants

Coal India (CIL) has approved an aggregate investment of Rs.15.9384 bn as a part of its equity capital towards setting up three natural gas-based fertiliser plants, to be set up in Gorakhpur (Uttar Pradesh), Barauni (Bihar) and Sindri (Jharkhand). CIL’s diversification areas, which include new and renewable energy and solar power value chain, are currently under feasibility study stage, as such no separate capital funds have been earmarked. To enhance the energy and raw material security of the nation, the CIL board had in December last year accorded approval for venturing into these new business areas.

Contact: CIL.

Tel: 033-2324 5555.

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