CIL announces 119 projects Rs 1335.76 billion to bolster productivity
30 Jul 2024
2 Min Read
CW Team
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
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
