State-run Coal India Limited (CIL) on Monday said its board has approved 32 coal mining projects in the current financial year (till January), indicating 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 (new) units, Coal India Ltd said in a statement. "Scripting a record high... Coal India has approved 32 coal mining projects in the current fiscal till January 2021," the PSU said. The combined incremental peak capacity of these projects is projected at 193 million tonnes per annum (mtpa). This will be in addition to the already sanctioned capacity of 303.5 mtpa. The approval of the projects enables subsidiaries of Coal India to escalate their production in the ensuing years.
Coal India board and boards of the respective subsidiary companies have given their nod for the move. The incremental production by 2023-24 from the approved 32 expansion and the greenfield projects would be to the tune of around 81 mtpa. "Such high number, either in terms of projects or capacity addition, has not been cleared in a single financial year so far," the company said.
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