CIL to invest Rs 3,370 cr to ramp up rail sidings
Coal India Ltd (CIL) is constructing 21 greenfield and brownfield railway sidings at an investment of about Rs 3,370 crore in four of its subsidiaries. The addition of the 21 rail sidings will add to CIL’s current tally of 152 sidings, taking it up to 173 by 2024. The project would be commissioned by 2023-24.
The investment by CIL will help with the rail evacuation of coal and migrating the road movement of dry fuel.
This move will add fillip to CIL’s first-mile connectivity efforts, hence being an effective coal evacuation outlet. The joining of the existing and new rail sidings with rapid loading system silos of different FMC projects will help to enhance load quantity for when the production expands.
By 2023-24, CIL is looking to reach an output of 1 billion output in a larger effort to transport bulk coal via rail.