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The world’s largest coal miner, CIL, is lining up nearly ₹8,500 crore as capital expenditure and ₹6,500 crore for various other projects in the ongoing fiscal.
The projects include a super-critical thermal power plant, solar energy and coal gasification.
“In light of the Paris Protocol and consequent changes in the world energy scenario, Coal India Ltd (CIL) is looking forward to diversify its operations towards renewable energy like solar power and clean energy sources such as coal mine methane, CBM, coal to liquid and underground coal gasification (UCG) following the government’s directives,” a company official saidthe official added.
Target 2020
The overall capital expenditure of Coal India (CIL) during 2016-17 stood at ₹7,700 crore as against ₹6,123 crore in the previous year. CIL, which accounts for over 80 per cent of the domestic coal production, is eyeing an output of 1 billion tonnes by 2020.
In 2017-18, the target of coal output has been pegged at 600 mt, with an annualised growth of about 8.3 per cent.
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