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CIL approves 32 mining projects involving incremental investment of Rs 47K crore

State-owned CIL on Monday said its board has approved 32 coal mining projects in the current financial year.

This indicates an incremental capital of around Rs 47,300 crore.

While 24 of the 32 projects are expansion of the existing ones, the remaining are greenfield units.

Moreover, the combined incremental peak capacity of these projects is at 193 million tonnes per annum.

This is in addition to the already sanctioned capacity of 303.5 mtpa.

The approval of the projects enables subsidiaries of CIL escalate their production in the ensuing years.

Further, the incremental production by 2023-24 from the approved 32 expansion and the greenfield projects would be to the tune of around 81 mtpa.

CIL is striving to replace the coal imports through its own coal.

In fact, any increase in domestic production would play a catalytic role in this effort.

SECL with six projects at an estimated incremental investment of Rs 18,657 crore represents 63.5 mtpa.

Besides this, CCL is at an investment of Rs 7,520 crore for 10 projects of 56.6 mtpa.

It claimed that such high number in terms of projects or capacity addition did not clear a single financial year.

Meanwhile, MCL with three projects will lead to 47 mtpa at an investment amounting to Rs 14,057 crore.

Nearly 26 mtpa is met through Eastern Coalfields Ltd, Northern Coalfields Ltd and Western Coalfield Ltd.

Currently, CIL represents more than 80 per cent of the domestic coal output.

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