CIL to invest Rs 7,765 cr in rail infra, power plants
29/08/2016 00:06
Coal India has said that it will invest around Rs 7,765 crore towards capital expenditure in the ongoing fiscal and Rs 5,069 crore in various projects, including railway infrastructure, super critical thermal power plant and solar power. Commenting on the issue a CIL Official told the media, "The capital expenditure for the year 2016-17 has been set at Rs 7,765 crore." “Further, the company has planned to invest Rs 5,069 crore in various projects viz railway infrastructure, super critical thermal power plant, solar power, revival of fertiliser plants, procurement of railway wagons, CBM (CoalBed Methane) during 2016-17," he added. As per reports, CIL has envisaged a coal production of 908.10 million tonnes (MT) in 2019-20 with a CAGR of 12.98 per cent with respect to 2014-15. In 2016-17, which is also the terminal year of 12th five-year plan, the target of coal production has been pegged at 598.61 MT with an annualised growth of about 11 per cent.
29/08/2016 00:06
