CIL announces 119 projects Rs 1335.76 billion to bolster productivity
POWER & RENEWABLE ENERGY

CIL announces 119 projects Rs 1335.76 billion to bolster productivity

Coal India Ltd (CIL), headquartered in Kolkata, has announced an ambitious initiative to advance 119 projects with a combined capacity of 896 million tonnes per year and a sanctioned capital of Rs 1335.76 billion. The world's largest miner has set a target to achieve 1 billion tonnes of production by 2025-26.

These projects, currently at various stages of implementation, are part of CIL's proactive strategy to enhance production capacity and meet future coal demands. The company's latest annual report highlights the substantial investments in advanced mining technologies and infrastructure aimed at increasing productivity and ensuring sustainable mining practices.

In the fiscal year 2023-24, Coal India's production stood at 773.6 million tonnes. The company successfully completed one coal mining project with a sanctioned capacity of 20 million tonnes and a sanctioned capital of Rs 17.83 billion, showcasing its ability to execute large-scale projects within stipulated time frames.

During the financial year ending March 31, 2024, CIL approved 16 coal mining projects with a total capacity of 170.46 million tonnes per annum (incremental capacity of 85.66 million tonnes) and a total sanctioned capital of Rs 270.87 billion.

As part of its comprehensive modernization strategy, CIL is adopting the latest equipment, advanced exploration and assessment techniques, efficient mine planning and development, and optimized extraction processes. The company plans to procure high-capacity equipment worth over Rs 37 billion in the next financial year to bolster coal production capabilities and increase efficiency.

For the fiscal year 2024-25, CIL has set a capital expenditure target of Rs 155 billion. This investment will be allocated to diversification projects, including solar power, thermal power plants, revival of fertilizer plants, surface coal gasification (SCG), and coal bed methane (CBM).

In the 2023-24 fiscal year CIL reported an output of 26.02 million tonnes, surpassing the previous fiscal's production of 25.48 million tonnes, marking a growth of 2.10%. (Source: Business Standard)

Coal India Ltd (CIL), headquartered in Kolkata, has announced an ambitious initiative to advance 119 projects with a combined capacity of 896 million tonnes per year and a sanctioned capital of Rs 1335.76 billion. The world's largest miner has set a target to achieve 1 billion tonnes of production by 2025-26. These projects, currently at various stages of implementation, are part of CIL's proactive strategy to enhance production capacity and meet future coal demands. The company's latest annual report highlights the substantial investments in advanced mining technologies and infrastructure aimed at increasing productivity and ensuring sustainable mining practices. In the fiscal year 2023-24, Coal India's production stood at 773.6 million tonnes. The company successfully completed one coal mining project with a sanctioned capacity of 20 million tonnes and a sanctioned capital of Rs 17.83 billion, showcasing its ability to execute large-scale projects within stipulated time frames. During the financial year ending March 31, 2024, CIL approved 16 coal mining projects with a total capacity of 170.46 million tonnes per annum (incremental capacity of 85.66 million tonnes) and a total sanctioned capital of Rs 270.87 billion. As part of its comprehensive modernization strategy, CIL is adopting the latest equipment, advanced exploration and assessment techniques, efficient mine planning and development, and optimized extraction processes. The company plans to procure high-capacity equipment worth over Rs 37 billion in the next financial year to bolster coal production capabilities and increase efficiency. For the fiscal year 2024-25, CIL has set a capital expenditure target of Rs 155 billion. This investment will be allocated to diversification projects, including solar power, thermal power plants, revival of fertilizer plants, surface coal gasification (SCG), and coal bed methane (CBM). In the 2023-24 fiscal year CIL reported an output of 26.02 million tonnes, surpassing the previous fiscal's production of 25.48 million tonnes, marking a growth of 2.10%. (Source: Business Standard)

Next Story
Infrastructure Transport

Tiwari Hata Wall Demolished for 3.5-km Heritage Corridor Project

The demolition of the boundary wall of the Tiwari Hata complex began late Tuesday night as part of the 3.5-kilometre Heritage Corridor project, a key initiative led by chief minister Yogi Adityanath to boost urban development in Gorakhpur. The Tiwari Hata property, once home to late politician Harishankar Tiwari, has recently gained renewed attention after the arrest of Samajwadi Party leader Vinay Shankar Tiwari in a money laundering case. PWD executive engineer AK Singh said demolition is underway in areas marked by the Public Works Department as part of the road widening effort. Some resi..

Next Story
Building Material

Arcelor Mittal Nippon Steel Plans Rs 600 Bn Green Steel Investment

ArcelorMittal Nippon Steel (AM/NS) India has unveiled a Rs 600 Bn investment plan aimed at expanding capacity, increasing the use of recycled scrap, and scaling up renewable energy to qualify for a three-star rating under India’s new carbon emission standards. The steelmaker said these steps align with India’s Green Steel Taxonomy, set to roll out in the financial year 2026–27. AM/NS India aims to become the first integrated steel company to achieve the top rating. Currently, sixty-five per cent of the company’s steel capacity comes from the Direct Reduced Iron method, which uses nat..

Next Story
Infrastructure Urban

Kaushalya Logistics Adds Katihar Depot to Boost Cement Distribution

Kaushalya Logistics has commenced operations at its latest facility in Katihar, Bihar, under the carrying and forwarding agent model for Ambuja Cements, part of the Adani Group. The move marks another step in the firm’s expansion in integrated logistics services. With the Katihar Depot, the company now operates fifteen depots under the CCFA model. The new facility is projected to handle over six thousand tonnes of cement every month, strengthening Ambuja Cements’ supply chain in eastern India. This addition brings Kaushalya Logistics’ total depots and rake points to one hundred and thr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?