CIL announces 119 projects Rs 1335.76 billion to bolster productivity

30 Jul 2024 CW Team

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)

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..