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Coal India to invest Rs 19,650 crore in rail infrastructure to increase coal extraction capacity

Coal India Limited said in a statement that the upcoming projects will help the company to move the increased quantity of coal from its new and old mining areas through rail, over and above the existing capacity.

Coal India to invest Rs 19,650 crore

Public sector company Coal India Limited will invest an estimated Rs 19,650 crore to strengthen its rail infrastructure. The company gave this information on Tuesday. With this move, the company’s coal extraction capacity through railways will increase by another 330 million tonnes per annum by the financial year 2023-24, as production is expected to increase significantly during this period.

Construction of three railway lines with a capital of Rs 7,994 crore

Coal India Ltd. (CIL) in a statement said that the upcoming projects will help the company to move the increased quantity of coal from its new and old mining areas through rail, over and above the existing capacity. Some of these are already operational. The coal mining company is building three important railway lines in CCL and MCL with an estimated capital of Rs 7,994 crore on the basis of deposits from its own funds. Their coal transport capacity will be 170 million tonnes per annum.

In addition, the company has formed four rail joint ventures with Chhattisgarh, Jharkhand and Odisha at a capital expenditure of Rs 11,656 crore, which will help in transportation of 16 million tonnes per annum of coal. Central Coalfields Ltd. (CCL), Mahanadi Coalfields Ltd. (MCL) and South Eastern Coalfields Ltd. (SECL) are subsidiaries of CIL.

Coal supply to power sector increased by 23 percent

Let us inform that the supply of coal to the power sector of Coal India Limited has increased by 227 percent to 2917 million tonnes in the first seven months (April-October) of the current financial year. This information has been received from the brief report given to the cabinet for the month of October by Coal India Limited. Let us inform that in the April-October period of the last financial year, the supply of coal to the power sector of Coal India Limited was 23.77 million tonnes.

Of this proposed expenditure, Coal India plans to invest Rs 32,696 crore on coal extraction, Rs 25,117 crore on mine infrastructure and Rs 29,461 crore on project development by 2023-24. The company will invest Rs 32,199 crore on diversification and clean coal technologies, Rs 1,495 crore on social infrastructure and Rs 1,893 crore on exploration activities. According to the information, 1.22 lakh crore rupees will be invested for a total of 500 projects.

with language inputs

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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