+
By FY26, Coal India to invest Rs 910 billion on diversification
COAL & MINING

By FY26, Coal India to invest Rs 910 billion on diversification

By 2025-2026, the nation's largest coal producer, Coal India Ltd (CIL), will invest Rs 910 billion in a number of initiatives, including mine development and diversification, according to PM Prasad, Chairman and Managing Director of CIL's Central Coalfields Ltd (CCL). Prasad was suggested by the Public Enterprises Selection Board (PESB) for the position of Chairman and Managing Director (CMD) of Coal India. "A total of Rs 910 billion would be invested in diversification and other projects. These would be pumped in until 2025 or 2026," Prasad said in an interview after being chosen to lead the coal juggernaut.

He said that Rs 360 billion will be used for coal gasification projects, while Rs 460 billion would go towards contracts with mining developers and operators (MDOs) and other things. The leftover funds will be used for a variety of different initiatives. For implementation through the MDO mode, CIL has already identified 15 greenfield projects with a combined project-rated capacity (PRC) of 168.58 million tonnes (MT) annually. Nine of these 15 projects have received Letters of Award and will be carried out by MDOs. A total of 127 MT of production can be produced by these nine projects.

Six further mining projects are in various stages of development. Of the 15 projects, four are underground mines and eleven are opencast. Prasad stated regarding plans for diversification that "three tenders have already been done for coal gasification project." Given the abundance of coal in the nation, the Centre has made the decision to heavily encourage coal gasification, which can produce a variety of energy, chemical, and petro-chemical products, the majority of which are now imported. CIL has agreements with BHEL, GAIL, and IOCL to establish four coal gasification projects, one lignite gasification project, and to develop domestic gasification technology.

By 2025-2026, the nation's largest coal producer, Coal India Ltd (CIL), will invest Rs 910 billion in a number of initiatives, including mine development and diversification, according to PM Prasad, Chairman and Managing Director of CIL's Central Coalfields Ltd (CCL). Prasad was suggested by the Public Enterprises Selection Board (PESB) for the position of Chairman and Managing Director (CMD) of Coal India. A total of Rs 910 billion would be invested in diversification and other projects. These would be pumped in until 2025 or 2026, Prasad said in an interview after being chosen to lead the coal juggernaut. He said that Rs 360 billion will be used for coal gasification projects, while Rs 460 billion would go towards contracts with mining developers and operators (MDOs) and other things. The leftover funds will be used for a variety of different initiatives. For implementation through the MDO mode, CIL has already identified 15 greenfield projects with a combined project-rated capacity (PRC) of 168.58 million tonnes (MT) annually. Nine of these 15 projects have received Letters of Award and will be carried out by MDOs. A total of 127 MT of production can be produced by these nine projects. Six further mining projects are in various stages of development. Of the 15 projects, four are underground mines and eleven are opencast. Prasad stated regarding plans for diversification that three tenders have already been done for coal gasification project. Given the abundance of coal in the nation, the Centre has made the decision to heavily encourage coal gasification, which can produce a variety of energy, chemical, and petro-chemical products, the majority of which are now imported. CIL has agreements with BHEL, GAIL, and IOCL to establish four coal gasification projects, one lignite gasification project, and to develop domestic gasification technology.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code