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)

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